Micro Grids - big future?
A microgrid is a local energy grid with control capability, which means it can disconnect from the traditional grid and operate autonomously. Microgrid's generally operates while connected to the grid, but importantly, it can break off and operate on its own using local energy generation in times of crisis like storms or power outages. They can be powered by distributed generators, batteries, and/or renewable resources like solar panels. Depending on how it’s fuelled and how its requirements are managed, a microgrid might run indefinitely and could power entire communities.
Drift Marketplace – an example of Peer2Peer energy trading for the masses
Drift is a peer2peer platform leveraging cryptographic secure technology allowing it to match a customer's environmental or cost preferences at a granular level. Drift delivers bills on a seven-day cycle, with detailed information on fees and sources of energy. Customers have their own web dashboard that allows them to track transactions and choose whether they want zero-carbon energy or lowest-cost energy. And they don't have the pressure of a contract. Drift acts like a competitive energy supplier in deregulated markets. The only difference is customization and frequency. All transactions are tracked on a ledger similar to blockchain.
Microgrids and peer2peer energy trading, like Drift Marketplace, together could change the grid forever, how we use energy and where we get it from. If a town can run entirely off renewable energy sources could that community become an energy supplier themselves with the excess they create and trade that to other towns or remote villages? The possibilities are endless and could bring energy to even the most remote villages.