Power Ledger testing Blockchain for Electricity in Illinois

The Australian-based Power Ledger’s ambitious plans go far beyond a P2P marketplace for electricity.

Long-term goals include a platform for “neo-retailers” businesses that will market electricity to the public. They would be similar to the retailers that sell prepaid “airtime” for phones and other wireless devices.

Another key component of Power Ledger’s plans will be “Microgrids” that make it easy to monitor electricity usage and collect data about it. The effort in Evanston is a test of that concept.

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Tesla Battery Farm made $800,000 in a few days

The farm operated by Tesla and Neoen can make up to $14,000 ($11,353.02) a Kilowatt Hour by selling that electricity back to the grid. That technology proved itself during the week of 15 January when a coal-fired plant went offline. The Powerpacks put out a short burst of electricity that “normalized the grid.

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Retailing Electricity on the Blockchain ICOs aim to make Electricity a Commodity

It looks as if the future of electricity marketing will take the form of retail. One wonders if this is a viable industry and if energy-based cryptocurrencies will one day become a value investment.

The marriage of cryptocurrency and energy might create a fascinating new class of investments. Only time will tell if these tokens will have any real value.

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