Microgrids: Integrating IOT and Blockchain
10:00 AM - 11:00 AM
Microgrids are emerging from pilot demonstration sites into commercial markets, driven by technological advancement, falling costs and a proven track record for reliability and resilience.
The integration of IOT on isolated networks is developing an effective cloud-based energy system. Additionally, a peer-to-peer network that utilizes blockchain technology to decentralize and broadcast energy transactions can help stabilize the grid. With an expected $5.6 billion in investments toward the blockchain energy sector by 2025, this distributed, digital ledger could be the key to optimizing consumption, demand, and management of power. The panel introduces microgrid resilience with respect to cloud-based and blockchain technology and seeks to analyze potential benefits and challenges with their integration.
SVP - Chief Technical Officer
Department of Civil and Environmental Engineering
SourceOne, Inc - A Veolia Energy Company
Chief Executive Officer
Microgrid Services at Ameresco