Trading excess generation with neighbors is no longer science fiction, writes independent energy expert Fereidoon Sioshansi, publisher of the newsletter EEnergy Informer. An experiment in Switzerland shows that peer-to-peer trading is ready to be scaled up.
If all goes according to plan, a blockchain solar trading project in Japan could blossom from 100 rooftops into 55,000 before the end of 2020.
One industry which is actively working with Blockchain technology is the energy sector, a traditionally “un-innovative” sector with well established near-monopolies. In this sector, Blockchain is already enabling peer-to-peer energy transactions between neighbors. Imagine that your solar panels are going to deliver energy to the grid and/or charge your batteries at the most convenient time. And it all lies in the palm of your hand.
A New York-based energy project built on blockchain is currently attempting to create peer-to-peer marketplaces for distributed energy. As the global energy market is still trapped in a previous era and needs an urgent and thorough redesign, the Brooklyn Microgrid could be a game changer.
Energo Labs wants to break the monopoly in the energy market to and push the decentralization of energy using peer-to-peer energy trading (P2P).
