What is Brooklyn microgrid?

To fast track solutions, Brooklyn Microgrid is pushing for a local renewable energy marketplace driven by the very community it will one day service. Energy production and use is the largest source of global greenhouse-gas. Whats Brooklyn Microgrid vision?

What is Brooklyn microgrid (BMG)?

BMG is a community-driven initiative that began in the Park Slope and Gowanus communities, Spring of 2016. A Benefit Corporation established by LO3 Energy, the project reimagines the traditional energy grid model, with the concept of a communal energy network.

Does the Brooklyn microgrid satisfy the 7 components?

The Brooklyn Microgrid fully satisfies three and partially fulfills an additional three of the seven components of a decentralized microgrid energy market. The case study demonstrates that blockchains are an eligible technology to operate such markets.

Will LO3 energy scale Brooklyn microgrid?

LO3 Energy hopes to scale Brooklyn Microgrid to over 1000 participants by 2018 and intends to have Brooklyn Microgrid serve as a stand-alone effort that will continue. LO3 Energy has contracted with a number of other pilots nationally and globally. These projects are not yet public but are anticipated to be announced later in 2017.

What are the long-term benefits of the Brooklyn microgrid?

The long-term benefits of the Brooklyn Microgrid lie primarily in the energy marketplace of Exergy, enabling interested residents to take control of their energy production, use, and efficiency. Exergy enables prosumers and consumers within the local market to engage and grow together to achieve economic and environmental goals.

How can Brooklyn microgrid address climate challenges?

To seriously address our climate challenges, we must take action on all fronts. To fast track solutions, Brooklyn Microgrid is pushing for a local renewable energy marketplace driven by the very community it will one day service. Energy production and use is the largest source of global greenhouse-gas.