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NY Customers Bypassing ESCOs, REC Marketers In Favor of "Blockchained" Green Energy Swaps

July 05,2016



Move over ESCOs and REC marketers. Brooklyn, New York customers are purchasing green energy through "blockchained" transactions, NPR reports

Originally developed for crypto-currencies like Bitcoin, a blockchain is a "digital ledger" of transactions -- in this case green energy "tokens" that residents buy, sell and trade similar to RECs. The blockchain trading avoids the need to switch to a retail supplier, or even use third-party RECs aggregators, for customers to purchase "green" energy, as customers can purchase directly from local residents with excess credits on an online marketplace

See NPR for the story

What do you think of this practice? Is this the "Uber" (or moreso Airbnb) of the electric industry that "thought leaders" keep expecting? Let us know in the comments below



Tags:
Innovation   New York   Green Energy  

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