Ed Krapels is a curious sort of electrical-transmission developer who thinks we don't need to develop more transmission. And so what we’re now seeing is I think really a revolutionary change in the organization of consumers," he said. LO3 Energy operates a neighborhood microgrid in Brooklyn, for example, that promotes renewable energy and uses a blockchain ledger. The non-profit Energy Web Foundation is working on an open-source technology infrastructure for blockchain energy transactions worldwide. To survive without depending on a centralized power plant, microgrids need batteries.

Source: Forbes February 25, 2018 04:52 UTC