‘Post Blockchain’ Tech used in Local Mini-Grids

An Australian energy technology company is using post blockchain technology and utilising artificial intelligence to overhaul the way people use and trade power

By making use of machine learning algorithms, RedGrid, which has been in operation for a year, has "created a new distributed architecture to underpin the energy grid and turn neighbourhoods, apartment blocks or shopping centres into their own mini-grids." This will allow for devices and appliances within the mini-grid – air conditioners, refrigerators and pool pumps – to communicate with each other and autonomously adjust energy consumption. This would allow for the redistribution of energy to other areas or products, as needed. The technology will also help prevent blackouts during the summer when demand is at its peak. The company is working with EnergyAustralia to run a pilot programme which will test whether machine learning could help manage peak energy times more efficiently. 

 

Source : https://bit.ly/2Lv0FJo


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