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 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
40-year homeowner in Park Slope, Brooklyn 1st homeowner on her block with solar PV array panels
Surplus produced spins her meter in reverse
Can Martha sell her solar surplus to her neighbors?
Is our green energy really “green”?
produce energy locally (less dissipation) and add resiliency to grid.
Renewable Energy Credits
are not necessarily energy generated from a renewable energy project.
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.
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 …
A joint venture between
LO3 Energy Co-founder
Energy Markets Expert