US DOE Dedicates $1.05 Mil to Blockchain Energy Management Platform
Kollen Post's original article for cointelegraph.com reduced by 41%
The United States Department of Energy has awarded a grant worth $1.05 million to organizations working to commercialize a blockchain-based energy transaction platform. The news comes from an August 9 press release shared by energy company ComEd, one of the grant's four reported recipient organizations. The others are the University of Denver, Virginia Tech and BEM Controls, a company specializing in energy management software.
The new project is reportedly a continuation of BEM Controls' existing DOE-funded work on software to enhance energy efficiency in buildings. "The growing proliferation of distributed energy resources calls for advanced management frameworks that support peer-to-peer communications while being fast, scalable and secure Now is the time to develop and demonstrate the technologies that can make a more sustainable and resilient future possible." The DOE has shown growing interest in using blockchain in energy grid applications. In April, the DOE announced a partnership with Colorado-based security firm Taekion to deploy blockchain in power-plant security.
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