It’s safe to say I know energy. Well, traditional energy. But what about emergent energy? Lately, I’ve become looking at energy blockchain projects to see what’s out there. Here are some that I’m starting to take deeper dives in.
A peer-to-peer decentralized energy trading platform from Australia where residents can sell their excess solar energy to their neighbors. They’ve raised over $34 million dollars and are beginning to build the infrastructure for their pilot projects. From what I understand, they operate on a dual token model where POWR tokens fuel their network and Sparkz tokens are the ones redeemed for kilowatt hours of electricity.
A peer-to-peer trading platform and decentralized microgrid project from Brooklyn, NY. Originally from the ConsenSys family but not separated, LO3 hopes to build solutions for microgrids, distributed systems operators, EV charging, and a whole range of other customers. It’s actually quite difficult to understand if they are focusing on one specific idea or trying to be like an IBM solutions provider of energy + blockchain.
A green energy trading platform that does away with complex purchase power agreements where they connect you with renewable energy providers and issue smart contracts. They aim to be an end-user friendly business to alleviate the pain point of finding clean energy. This project is Lithuania based.
All of these projects focus on trading. I’d really like to see some projects focused on things that are usable. Trading is great but is subject to massive regulation in the US. Currently, p2p energy trading isn’t allowed in the US.