Via Engineers Australia, an interesting brief for an upcoming presentation on how generation and blockchain are transforming legacy power networks into community owned economic engines:
Innovations from the sharing economy are now entering utilities, from which end users play a more active role in both production and consumption of electricity and where the marginal cost of this power will trend towards zero.Our energy networks are a work in progress. We are now seeing the accelerated uptake of distributed generation, storage and blockchain applications transforming legacy electricity networks into community owned economic engines. Interconnected local energy markets have emerged as an anticipated outcome of a monumental shift in the electricity industry away from centralized network planning. Monolithic business models characterized by fossil fueled bulk generation and one-way delivery are being disrupted by decentralised renewable models complemented with storage. The lesser the distance between the generator and consumer means the opportunity exists to dramatically reduce network costs.
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