A community in Switzerland has completed a successful year long trial of a blockchain electricity market, a technology being eyed for community microgrids. Walenstadt, Switzerland. Courtesy of Quartierstrom The Swiss Federal Office of Energy (SFOE) funded project Quartierstrom, the first of its kind in the world, involving 37 households in Walenstadt, Switzerland. For one year, the community traded locally produced power. The 37 households covered 33% of their electricity demand with solar power produced by the households with installed solar PV, twice as much as before the trial. Producers of solar power set their preferred minimum price, and consumers set the maximum price they were willing to pay via a portal. A mini computer with a built-in electricity meter and blockchain software, installed at each household, processed the resulting transactions. The mini computers acted as nodes in the blockchain system, and placed bids into an auction for the purchase or sale of solar power every 15 minutes. Surprising level of engagement The local utility, Water and Electricity Works Walenstadt (WEW), bought any surplus generation from the participants, and supplied additional power if local generation couldn’t meet the demand. Participants were generally positive about their experience, and project partners were […]
Latest Articles
Eco-Friendly Farm Stays Around the U.S.
Takeaways: A farm stay is an accommodation where you can book a bed, room, or lodging on a working farm.
Payment for the accommodation...
Natural Fire Resistant Cotton
Natural Fire Resistant Cotton A research team from the United States Department of Agriculture (USDA) has developed a...
The “Windcatcher”: Bigger Than The Eiffel Tower And Can Power 80,000 Homes, Say Developers
Takeaways: The Windcatcher is an offshore sail that might be set to change wind power generation.
The device can spin faster than traditional turbines,...
Urban Gardens and Regenerative Agriculture: How Small-Scale Farms Could be the Future of Food...
Urban Gardens and Regenerative Agriculture: How Small-Scale Farms Could be the Future of Food Production. Urban Gardens...
Calgary Passes Single-Use Plastics Bylaw
Takeaways: The city of Calgary has passed a single-use plastic bylaw to decrease the amount of waste the city produces.
Citizens will have to...
10 States Have Now Banned the Sale of Cosmetics Tested on Animals
Takeaways: New York has become the tenth state to ban the sale of cosmetics tested on animals.
The law is known as the New...