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Peer-to-peer energy sharing, also known as prosumerism, refers to sharing energy between two people (prosumers) directly rather than through a grid or third-party provider. For example, it may involve homeowners with solar panels selling excess energy back to other residents in their neighbourhood who do not have access to solar power. Here are the basics of this new energy model that is quickly growing in popularity in the U.S., along with four reasons why you should consider joining the movement and participating in peer-to-peer energy sharing yourself.

What is P2P Energy Sharing?

P2P energy sharing is a system where individuals can sell or trade excess energy that they generate back to the grid. This allows for more efficient use of energy and gives people the opportunity to make money from their surplus energy. P2P energy sharing is still in its early stages but has the potential to revolutionize the way we think about and use energy.

How P2P Works

In a traditional energy system, energy is generated by central power plants and then distributed through a grid to consumers. With peer-to-peer (P2P) energy sharing, energy is generated by individuals or small groups of people and then shared with others in the community. P2P energy sharing can happen on a small scale, like between neighbors, or on a larger scale, like between cities.

Companies Involved in P2P

SolarCity, SunRun, and Tesla are among the most notable companies currently involved in P2P energy sharing. P2P energy sharing allows solar panel owners to sell their excess energy to their neighbors, creating a microgrid. Residents have been purchasing home solar panels from these providers as they become more affordable. Although some utilities offer net metering, which credits homeowners at the same rate as power from the grid, this is not always enough for these residents because it does not compensate them for unused power during peak hours or any other costs that may arise with home solar systems (such as maintenance).

How Does EMC Drive Its Business Model?

EMC is a provider of energy management and automation solutions. The company’s business model is based on providing its customers with the ability to manage their energy usage, automate their processes, and optimize their operations. EMC’s solutions are designed to help its customers save money on their energy bills, improve efficiency, and reduce environmental impact.

Why Is Blockchain the Best Fit for P2P Systems?

A key reason why blockchain is the best technology for P2P energy sharing is that it allows for a decentralized system. With blockchain, there is no need for a central authority to manage or control the network. This not only makes the system more efficient but also more secure. Moreover, blockchain provides transparency and immutability, which are essential for ensuring trust among participants in the network. Finally, blockchain enables real-time settlements, which is critical for P2P energy trading.

Is P2P Sustainable in Its Current Form?

The short answer is yes, but with a few caveats. P2P energy sharing is still a relatively new concept; as such, some kinks still need to be worked out. For example, P2P energy sharing platforms are currently only available to those who own solar panels. Additionally, P2P energy sharing is not currently available in all 50 states.


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