Government Energy Policy, Business and Technology

Test to Begin for Peer-to-Peer Renewable Energy Transaction Payments

Renewable Energy World: Blockchain web services provider BlockCypher said it will work with the U.S. Department of Energy’s National Renewable Energy Laboratory on a demonstration project for renewable energy peer-to-peer payments using the open-source cryptocurrency Dash.

“Blockchain technology presents a transformative and highly scalable platform for enabling distributed energy markets, which could enable distributed energy resources to interact more effectively with the larger grid,” Dylan Cutler, senior engineer and principal investigator for the project at NREL, said in a statement.

According to Cutler, NREL and BlockCypher will show how peer-to-peer payments can be facilitated and settled on the Dash network between two test homes in NREL’s Energy Systems Integration Facility.

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