- Across the globe, upstart companies like LO3 Energy, which is designing the Brooklyn experiment with the industrial giant Siemens, are building digital networks that offer the promise of user-driven, decentralized energy systems that can work in tandem with the traditional large-scale grid or, especially in emerging economies, avoid the need for a grid at all.
- In Australia, where Ms. Zibelman will soon run the nation’s energy markets, a company called Power Ledger announced the start of a residential electricity trading market based in blockchain last year at a housing development in Perth.
- The ideal power system, said Richard L. Kauffman, who as the governor’s chairman of energy and finance is leading that effort, is one that combines large power plants and transmission lines with clusters of smaller-scale producer-consumers, “where electrons can flow in more than one direction and supply and demand of electricity is dynamic — and that’s different than the grid is today.”
- The State Public Service Commission has already taken a few of them, including last week approving new ways to determine pricing for electricity from renewable energy projects that more accurately reflect the value to the grid based on geographic location, timing and other factors yet to be determined.
- Once that occurs, Mr. Orsini said, the company will be able to facilitate the trading of energy among its participants — though they would still pay the utility, Con Edison, for infrastructure fees and services, as customers now do when they choose to use a green energy supplier through the utility.
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