Blockchain startup Quantoz and energy consultancy Energy21 work on a disruptive, energy-status quo breaking project: designing a local energy market model using blockchain as market operator.
Quantoz Technology and Energy21 recently published their vision in the article titled ‘Blockchain as market settlement solution’. Aiming to go beyond the level of individual business cases, both companies were invited by :agile accelerator to further design and proof this local energy market concept.
A new market model at local level – we are looking at for example communities defined by a postal code area - should offer incentives for residential prosumers to share flexibility and maintain grid connectivity services, supporting the overall energy system.
With the back-up and network of the :agile accelerator & E.ON they hope to take their ideas to a next level.