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Accelerating energy transition by forming virtual power plants on blockchain

Renewable Energy World

Influenced by the increasing penetration of “behind-the-meter” distributed energy resources (DER), power systems are experiencing a paradigm shift from a centralized structure to a decentralized one. Australia has the highest uptake of solar globally, with more than 2.68 Increase in DER integration.

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First carbon neutral apartment building coming on blockchain

Smart Energy International

Australian blockchain pioneer Powerledger’s Montreal Commons project is set to be one of the world’s first carbon neutral apartment buildings. During times of peak demand they can then buy back electricity from the on-site battery at an agreed price. Sign up to our newsletter and stay informed.

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AEP OnSite Partners signs LOI to develop solar field to power cryptocurrency mining

Renewable Energy World

Sangha Systems, developers of an 82-MW cryptocurrency mining facility at a former steel mill in Hennepin, Illinois announced that it has signed a letter of intent (LOI) with AEP OnSite Partners to develop a 2 – 5-MW behind-the-meter solar power array to begin to migrate its electricity consumption towards clean energy.

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Indian blockchain startup Voltreum – new kid on the P2P block

Smart Energy International

Pune, India-based Voltreum is set to launch its Volt-X blockchain-based peer-to-peer energy trading application. The company, which has been in development over the past year, has stated its goal as addressing “two of the most critical problems affecting humankind – increasing energy demand and climate change”.

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Technology Trending: What to look out for in 2024

Smart Energy International

Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. In the UK again, Octopus reported that one million customers had signed up for a demand flexibility scheme for the current 2023/24 winter season.

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Technology Trending: REC transactions and energy consumption matching

Smart Energy International

EDF leads a proof-of-concept on automating renewable energy transactions and Eurelectric’s study on the benefits of matching energy consumption with clean energy on a (near) real-time basis are on the week’s technology radar. Have you read?

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As Renewables Surge, Australia Ponders Options for Demand Response Market

GreenTechMedia

Australian energy chiefs have welcomed the release today of two reports setting out options for the country’s future electricity market makeup. One of the big questions is around demand response, and who will oversee a market that has only started emerging in Australia. Centralized or decentralized control?

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