Renewable Energy is Flawed Without Blockchain
Green energy is considered the solution to our energy crisis. But without the ability to buy, sell and store that energy locally, it’s adding to the problem. The legacy grid is built on constantly running power plants delivering energy to consumers. Putting renewables in urban centers breaks that mould, as does their intermittent generation. In Germany, pollution has actually increased as coal power strains to fill the gaps in renewable energy supply. In California, renewable energy is shut off periodically because it’s easier than starting and stopping nuclear power. So renewables alone are not a solution. What WILL be are blockchain-based networks where homegrown energy can be bought and sold within neighborhoods, using IoT devices and AI tech to help us choose how and when to use it.
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- How renewables alone can do more harm than good to our planet.
- A concept called transactive energy - the idea that really small amounts of energy can be produced, bought and sold within a community.
- How blockchain-based networks and AI-driven tech will create a sharing economy that will fix our global energy problem.
- Lawrence Orsini, Founder & CEO, LO3 Energy
Melanie Adamson, VP, Marketing, LO3 Energy