https://energytransition.org/2018/01/can-the-brooklyn-microgrid-project-revolutionise-the-energy-market/ The Global Energiewende Tue, 30 Jan 2018 23:10:21 +0000 hourly 1 https://wordpress.org/?v=6.1.1 https://energytransition.org/2018/01/can-the-brooklyn-microgrid-project-revolutionise-the-energy-market/#comment-6281 Tue, 30 Jan 2018 23:10:21 +0000 https://energytransition.org/?p=16598#comment-6281 Is it ironic that Bitcoin, the largest waster of electricity is doing something like this. Bitcoin uses 250 kWh per transaction. How much electricity will a “distributed transaction” for this project use?

]]> https://energytransition.org/2018/01/can-the-brooklyn-microgrid-project-revolutionise-the-energy-market/#comment-6240 Mon, 22 Jan 2018 14:45:05 +0000 https://energytransition.org/?p=16598#comment-6240 The current implosion of Bitcoin should give enthusiasts for other applications of blockchain pause. The reason we don’t have efficient local markets for distributed electricity generation is not that the utility or your neighbours can’t be trusted. It’s that it does not pay the utility that owns and maintains the wires to set up such a market. If regulators force utilities to do this, their centralised real-time databases are far more efficient bases for trading. This already takes place every day at the wholesale level in deregulated or partly deregulated jurisdictions, without problems of contract failure or fraud.

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