Transactive Grid

Peer-2Peer Energy Transaction

Basic facts

TransActive Grid, developed by LO3 in cooperation with Consensys, is a combination of software and hardware that enables members to buy and sell energy from each other securely and automatically, using smart contracts and the blockchain. Together these can create a community market sharing economy that is more resilient, energy efficient and gives prosumers control over their own energy choices.

In November 2016 LO3 and Siemens announced that they would work together to expand the peer-to-peer energy transfer grid.

Why Blockchain?

Auditable, non-repudiable and cryptographically secure history of automated transactions
Tokenization of energy consumption and surplus energy production makes a market
P2P Markets recognize local investments, impacts and the real value of local renewable energy
Rise of the Prosumer: Producer-Consumer of Energy. Neighbor-to-neighbor, neighbor-to-business

Community Microgrid and Energy Services Companies (ESCOs):
Empower customers to optimize energy costs acoording to their priorities, monetizing system&social values
Smart Meter Proliferation: transact and price energy with Microgrid Neighbors directly
Transact based on values: price, green energy, social goods (multi-factor tokens, reputation system)

Note

This site just shall give you a first impression of the depicted application. Please contact us, if you are interested in a detailed analysis of a specific use case or branch.