Block chain technology and it's profit

Imagine buying a solar panel from your hardware store, mounting it on your roof, then selling the green electricity you produce at a set

Is this even possible? Some companies certainly think so. These startups are harnessing the power of blockchain to democratize green power

Before you can understand how blockchain are part of the solution, you need to know some things about the green electricity market

Today, independent auditors assess renewable energy producers and certify there electricity as "green." These producers can then sell renewable energy certificates(rec) to consumers who want to buy green energy

This is how corperations such as APPLE and GOOGLE can say they are 100% green. They dont generate there own green electricity, but purchasing certificates from green energy producers.

Of course, the actual energy they use is not always green. As long as every energy they consume matches up with REC, GREEN ENERGY IS DISPLACING CARBON-INTENSE ENERGY. A market for RECs create a strong signal for investment in green electricity generation.

Some companies do power some or all of there operation using Power Purchase Agreement (PPAs). This commits them to purchasing certain amount of energy at a certain price from renewable energy producer over time scale of about 20years or so. PPAs reduce risk for investors by guaranteeing return on investment, thus creating a motivation for long term investment on green generation.

Both of these approaches, however, discriminate against small investors of green electricity

CLOSE TO REALITY?
Although the expectation for building scalable blockchain would soon exist, one problem is that some jurisdiction including ontario, give local distribution companies tight control to integrating green generation to ensure grid stability.

While this is certainly neccessary, there is no intrinsic need for green generator to be ried into provinciallly mandated pricing plan such as the microFIT scheme. The province should allow generators to sell there electricity to the highest bidder, just like any other producer.

We also need to build, deploy and critically evaluate small-scale prototype of blockchain transactive energy system so that we can learn by doing.

As solar and wind cost continue to drop and energy storage rechnologies reach maturity, it is becoming impossible to turn away from carbon- intense electricity generation and gasoline vehicles.

Democratising the deployment of this technologies using scalable energy, blockchain will, we hope, accelerate this important societal transfomation