The US-based masterminds behind a cutting edge block-chain-enabled microgrid in Brooklyn have unveiled their first project on Australian shores – a New TransActive Grid in South Australia that they say could herald the start of an industry-changing, renewable energy sharing revolution.
The SA project, which is being rolled out in partnership with local outfit Yates Electrical Services, will see up to 6MW of distributed solar generation made available on a local energy marketplace, using LO3’s peer-to-peer trading platform.
The simple concept, made possible by highly complex and clever blockchain-based software, involves adding a meter onto a household or business which manages all energy inputs and outputs, giving participants access to cheaper electricity generated by local solar farms.
Read the rest of the article at One Step Off the Grid.
