New energy-trading business models based on blockchain technology could help and be helped by the spread of energy storage, experts have said.
The idea of combining battery storage with blockchain-based business models “works perfectly,” said Nikolaj Martyniuk, co-founder of blockchain energy trading platform WePower, at a CryptoFriends Netup meeting last week.
“If you want to play with arbitrage, you can,” he told Energy Storage Report. “You can use storage as a service.”
Companies such as WePower aim to use the blockchain, an open, distributed transaction ledger, to keep track of energy trading records.
This would allow people with rooftop PV, for example, to sell kilowatts to friends and neighbours.
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