Blockchain Technologies Could Help You Profit from Green Energy

SRINIVASAN KESHAV | January 8, 2018

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Imagine buying a solar panel from a hardware store, mounting it on your roof, then selling the green electricity you produce at a price you set. Is this even possible? Some companies certainly think so. These startups are harnessing the power of blockchains to democratize green power. Before you can understand how blockchains are part of the solution, you first need to know a few things about the green electricity market. Today, independent auditors assess renewable-energy producers and certify their electricity as “green.” These producers can then sell Renewable Energy Certificates (RECs) to consumers who want to buy green energy. This is how corporations such as Apple and Google can say they are 100 percent green. They aren’t generating their own green electricity, but purchasing certificates from green-energy producers.

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Most likely, you already own BYD manufactured products as they sit alongside and produce for the top 10 innovative companies. BYD is the world's largest manufacturer of rechargeable batteries and has made it's name in particular as market leader in the lithium iron phosphate technology (LiFePO4). We bring to you a carefully selected range of BYD products for varying energy storage applications. A battery for us isn't just a battery but an intelligent energy center, extremely durable technology, which combines multi-level security architecture and sophisticated energy management equipped with full emergency power function.

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