Innovative technology gives community flexibility
Residents are given a portion of the energy generated by the solar panels on the rooftop of the building where they live. The local community can share or sell their unused solar energy to their local community. This is called a peer-to-peer exchange.
To create this new peer-to-peer market, the R&D teams worked on a solution to provide the residents with a platform that puts control directly into their hands. This was done by using a new emerging technology called blockchain. Blockchain increases transparency and control to individuals in a scalable way at a low-cost.