ABB is working with Italian utility Evolvere on how to use blockchain technology to deliver transparent and secure peer-to-peer energy transactions.
According to RenewableEneryWorld, the companies are running a pilot project that focuses on residential solar. ABB’s head of Smart Power Business, Giampiero Frisio, said: “We recognize that the way people consume and harness their energy is changing. Prosumers, who use their own photovoltaic systems, are looking at how they can not only produce and use the energy they create but also review how they can then share any excess energy between neighbors, communities and the wider grid.”
ABB said the pilot project not only “supports the claims that blockchain can be harnessed within energy markets and used within utilities and aggregators, to enable new business models”, but that it also demonstrates “how blockchain-ready inverters with built-in digital capabilities can potentially allow utilities, aggregators and energy cooperatives to cut CAPEX and OPEX project costs”. ——————–***——————–
‘All rights to go to the author of the news & image as mentioned above’
‘All rights go to the author of the news and image mentioned above’
Date: May 21, 2019 @ 09:15
Instagram Post Source: http://instagram.com/solar_edition
Media Type: image
Disclaimer: ‘all rights go to the author of the news and image mentioned above’, Solar Edition do not own the content and is distributing the information only for non-profit and educational reasons as a Solar Power Influencer.