Yesterday, U.S.-based blockchain firm
LO3 Energy announced a partnership with Vermont’s Green Mountain Power (GMP) to launch a commercial local energy marketplace in the region.
The two have launched an app called Vermont Green for GMP customers, connecting local businesses such as ski resorts, craft breweries and dairy farms with rooftop solar owners looking to earn income from their excess electricity production.
Apart from peer to peer energy sharing, businesses can also buy renewable energy certificates (RECs) from solar producers by a bidding auction using LO3’s Pando platform. This is the initial focus, and GMP is launching it as a limited pilot program, with plans to widen its reach later on.
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