The Water and Electricity Works Walenstadt (WEW) completed a year long field test of a blockchain local electricity market. Useful pricing data came from the project with 37 household participants.
The Swiss Federal Office of Energy (SFOE) backed pilot, which concluded in January, enabled participants to buy or sell locally produced solar power via a blockchain portal. The local electricity supplier WEW bought excess electricity from the households and supplied conventional power when the supply of solar was scarce.
Under the trial, Quartierstrom was able to double solar power consumption for the households to 33% of their usage.
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