There is a blockchain-based project in Korea that combines distributed ledger technology (DLT) and renewable energy. This project is potentially able to solve problems and issues of the modern renewable energy industry.
Popular technology entrepreneur Elon Reeve Musk has rerolled out Tesla’s residential solar-power service, a new step for electricity users. Tesla is now planning to initiate its solar-panel business by allowing clients rent their rooftop systems instead of purchasing them.
There have been many debates around bitcoin’s energy consumption rates and its negative influence on the environment. Sustainable systems such as solar energy can solve the problem by introducing ecologically clean energy for mining. Besides, it is much cheaper than traditional sources.
Copenhagen-based furniture giant IKEA’s research laboratory Space10 has successfully created a small wooden village to exhibit how communities could craft their individual circular clean energy system. The project uses solar panels and blockchain to make an operational energy system through a neighbor-to-neighbor trading system.
Individual producers and consumers of solar and wind energy will now have an instrument to integrate a Blockchain-based network into a new generation of energy trades. This comes thanks to three hackers who won the Dutch international energy hackathon H4ckenergy 2016 with their Blockchain project named EcoCoin.
Charna Coin, a cryptocurrency company, and Ubiquity Energy to invest $700,000,000 into solar stations in the Philippines, Peru, Brazil, Panama and Puerto Rico. The first solar station that will cost about $1,000,000 will be installed in Cotabato, Philippines.