Linking local microgrids to wholesale markets will enable consumers to buy and sell surplus energy from neighbors or faraway strangers, the firms say.
Blockchain startup LO3 has partnered with German tech giant Siemens as it expands an ethereum-based peer-to-peer energy transfer project.
A Brooklyn blockchain startup has been awarded a patent for its work using the tech to facilitate peer-to-peer energy transfers.
As the state of New York works to distribute its energy grid one company, Transactive Grid, hopes to be its blockchain-based payments network.