Peer-to-Peer Energy Transaction & Distributed Energy Resource Control

TransActive Grid is a community energy market enabled by the blockchain. It is a joint venture between LO3 Energy and ConsenSys.

A Decentralized Energy Management Solution

An overview of TransActive Grid from the Ethereum Developer Conference in London, November 2015.

How It Works

Distributed Energy Resources

Brooklyn Microgrid is a distributed energy development group in the Park Slope and Gowanus communities of Brooklyn, New York creating a connected network for local energy.

TransActive Grid

TransActive Grid is combination of ​software ​and hardware ​that enables members to buy and sell energy from each other securely and automatically, using smart contracts and the blockchain.

Intelligent Grid Systems

Together these can create a community market sharing economy that is more resilient, energy efficient and gives prosumers control over their own energy choices.

Transact energy with Microgrid neighbors locally

 

Microgrids

Martha
40-year homeowner in Park Slope, Brooklyn 1st homeowner on her block with solar PV array panels

Net Metering
Surplus produced spins her meter in reverse

Can Martha sell her solar surplus to her neighbors?
Not currently.

 

Is our green energy really “green”?

 

Microgrids
produce energy locally (less dissipation) and add resiliency to grid.

Renewable Energy Credits
are not necessarily energy generated from a renewable energy project.

Smart Meters
can provide better real-time data and granular information.

 

Transact locally with neighbors

 

TransActive Grid enables residents with smart meters to transact with neighbors using existing grid infrastructure.

It includes a hardware layer of smart meters and a software layer using the blockchain and smart contracts. These are self-enforcing contracts that can provide an auditable, non-repudiable and cryptographically secure history of automated transactions. The current prototype uses the Ethereum blockchain.

 

Prosumers can control their own local energy

 

Consumers can choose where to buy renewables from, be it their neighbor or other renewable energy sources. Home energy producers can sell their surplus to their neighbors, and communities can keep energy resources local, reducing dissipation and increasing micro and macro grid efficiency.

Articles

An Ethereum-enabled Community Energy Market Sharing Economy

How the current state of Renewable Energy Certificates (RECs), Microgrids, Smart Meters and blockchains give rise to the potential for community energy market solutions for prosumers …

Read on LinkedIn >

Here’s How ConsenSys is Building the TransActive Grid

The Brooklyn Microgrid project is developing distributed power generation and storage assets in the physical world while ConsenSys is building a blockchain software platform layer in the digital world …

Read on LinkedIn >

The Energy Blockchain: How Bitcoin Could Be a Catalyst for the Distributed Grid

At the MIT Enterprise Forum event Enabling a Distributed & Connected Energy Future TAG was presented as an open-source, cryptographically secure blockchain to manage transactions across a microgrid.

Read on GreenTech >

A joint venture between

The Team

Lawrence Orsini

Lawrence Orsini

LO3 Energy Co-founder

 

John Lilic

John Lilic

Project Manager

 

Sasha Santiago

Sasha Santiago

Communications

 

William Collins

William Collins

Energy Markets Expert

 

Kedin Kilgore

Kedin Kilgore

Energy Markets

 

Eva Shon

Eva Shon

User Experience

 

Joseph Lubin

Joseph Lubin

ConsenSys Founder

 

Martin Lundfall

Martin Lundfall

Blockchain Developer

 

Christian Lundqvist

Christian Lundqvist

Crypto-Financial Engineer

 

Jacob Paulsen

Jacob Paulsen

Application Developer

 


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