Yesterday, enterprise blockchain firm Insolar announced it is collaborating with Canada’s Toronto and Region Conservation Authority (TRCA) to pilot use cases for distributed energy resources (DERs) such as solar and wind. The goal is to develop a mechanism complementary to Ontario’s Long Term Energy Plan and boost the use of renewable energy.
Insolar’s Assured Ledger platform will be used to enable the integration of renewable energy sources into the existing electricity system.
DERs are often used in local microgrids. But they can also be connected to the local distribution systems to meet excess electricity demands. However, the current scope of DERs is limited, and blockchain is being trialed to redefine the role they play in a connected grid ecosystem.
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