Virtual energy plant firm Solo Energy has introduced a partnership with blockchain agency SolarCoin.

SolarCoin is a blockchain digital asset that works like air-miles for solar energy era. For each megawatt for solar energy generated by both corporations or prosumers, they’re eligible for one SolarCoin, which may then be traded with these organisations that settle for them.

Solo will present photo voltaic PV house owners that turn out to be a part of its digital energy plant community with the prospect to undertake SolarCoin.

“We’re excited in regards to the added advantages that SolarCoin can carry to our future members”, mentioned Mark Hamilton, Solo Energy chief government. “We’re already bringing the advantages of collaborating in demand facet response to houses and companies, however by supporting our customers to entry SolarCoin, we’re additionally serving to to safe the way forward for photo voltaic era.”

Solo Energy is at the moment elevating funds to allow the widespread set up and operation of free home power storage batteries and electrical vehicle-to-grid chargers in folks’s houses, in partnership with power suppliers.

Its FlexiGrid cloud platform controls and aggregates power storage capability to create a digital energy plant that intelligently provides saved renewable electrical energy to the grid at occasions of low renewable era or when demand is excessive.

The power storage methods might be distributed throughout 1000’s of houses and business premises – and power will quickly be traded peer-to-peer between members of the VPP utilizing blockchain.

Solo Energy recruits former RWE boss to develop digital energy plant

ACWA Power adopts blockchain foreign money SolarCoin

Meet Solo Energy at European Utility Week in Vienna subsequent month. They might be at Stand: B.G41

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