A circuit breaker panel with multi-colored switches and labels.
Markus Spiske on Unsplash.

Local blockchain-based electricity trading platform

Siemens, in partnership with a regional utility, will deploy a "digital platform connects producers, consumers and storage facilities so they can optimise the way they locally trade energy with each other." The Pebbles system allows renewable producers to trade directly with consumers without any intermediaries. "One-dimensional energy systems where suppliers transfer energy to passive objects are being superseded by smart multi-dimensional models where previously-passive consumers become active consumers or even producers."

In the future, such systems could empower consumers to deploy their own autonomous software agents to interact with many providers to buy and sell power dynamically against a variety of constantly changing factors.

Source: smartcitiesworld.net
Sector
Energy
Economic Development & Housing
Tags
blockchain
renewables
sustainability
decarbonization
distibuted
mesh