UN SDG #7 Affordable and Clean Energy UN SDG #7
UN SDG #13 Climate Action UN SDG #13

challenge

0 shares

Developing a cleaner, more resilient energy network

Using solar panels and grids to privatize and dispense energy to local neighborhoods and citizens in need could help to promote renewable energy resources, especially in overly urban areas.

challenge

0 shares

Developing a cleaner, more resilient energy network

Using solar panels and grids to privatize and dispense energy to local neighborhoods and citizens in need could help to promote renewable energy resources, especially in overly urban areas.
300M
people impacted
$18.5B
potential funding
the problem
Nature and Context

Renewable solar energy in America has a promising future. The Brooklyn Microgrid makes use of the TransActive Grid, a blockchain-based platform that is based off the Ethereum blockchain and enables peer-to-peer transactions. It’s a new way to trade solar energy among neighbors, creating a local market in Brooklyn between energy-producing households with solar panels, and energy-buying households with no solar panels. The grid is still connected to the wider commercial grid, and makes use of the TransActive Grid platform to enable members to securely engage in automatically buying and selling energy from each other, enabled by smart meters and smart contracts. This sort of community based power could help millions of Americans reduce their fossil fuel dependency.

Symptoms and Causes
the impact
Negative Effects
Economic Impact
Success Metrics
who benefits from solving this problem
Organization Types
Stakeholders
financial insights
Current Funding
Potential Solution Funding
ideas
Ideas Description

Brooklyn Microgrid

Ideas Value Proposition

Sauchelli now contributes an extra 7 cents per kilowatt-hour, which goes straight to his neighbour, whose rooftop solar panels produce more energy than he needs. 'I know exactly where my money is going, and I know that the benefits are being engaged right here in my community,” he says. The experiment could be crucial in developing the emerging “internet of energy”. LO3’s founder Lawrence Orsini says that 130 more homes have expressed interest so far. He now wants to build an easy-to-use app letting people automate their choices, for example opting to sell their maximum output when they go on holiday, or donate excess energy to people struggling to pay their energy bills.

Ideas Sustainability
attributions
Contributors to this Page