![]() ![]() “They can help grid operators balance supply and demand for electricity, they can provide consumers with greater choice and cheaper energy, and they can prevent blackouts from extreme heat or snow storms.”īrooklyn Microgrid’s goals fit well with New York’s Reforming the Energy Vision plan that is seeking market based solutions to incentivize clean energy. “Local energy networks provide a wide range of benefits,” Smith said. LO3 Energy’s vision is to create a platform for peer-to-peer energy trading, creating commuities of true prosumers - producers and consumers of their own energy supply. It has the ability to bring down costs for very small transactions that otherwise would not be economically viable due to transaction costs. Blockchain is a secure, online ledger used for crypto currencies such as Bitcoin. “Eventually we want to be in all five boroughs,” said Adrienne Smith, Brooklyn Microgrid’s executive directorīrooklyn Microgrid was the first energy project in the US to use blockchain technology for energy transactions. The Brooklyn Microgrid, run by LO3 Energy as a test project since 2016, began in the Park Slope neighborhood of Brooklyn as a way for tenants in a handful of apartment buildings to track the output of their solar panels and eventually to swap energy among participants. Brooklyn, New York, USA - Blockchain for community microgrids Here are four model community microgrids that illustrate a range of approaches to local energy. But they are beginning to emerge worldwide. Some make a community’s electricity more reliable and green others serve critical facilities like fire, police and water treatment facilities and still others are built for remote outposts that otherwise lack access to electricity.īecause their development can be complex, community microgrids often take more time to build than microgrids for businesses, institutions or campuses. Community microgrids offer a way for neighborhoods, villages, towns and cities to meet their energy needs locally. ![]()
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