Blockchain: Not Just for Bitcoin
A common vision for the future of the nation’s energy grid involves homeowners selling unused power generated from rooftop solar panels to others in their communities, and working together to help ensure the reliability, resiliency, and security of the power grid everyone uses. Sounds great in theory. But how can the grid manage such complex energy transactions at scale?
Several emerging solutions to this opportunity rely on blockchain technology. Researchers at the National Renewable Energy Laboratory (NREL) are evaluating the use of blockchain for transactive energy using hardware in the laboratory’s Energy Systems Integration Facility (ESIF) and it may reshape the world of electric systems operation.
