Monitoring Solar Energy Generation and Usage on Blockchain

Because of how the solar energy industry has grown and changed, it’s difficult for utilities to plan for when they will receive or need to distribute power. These factors make predicting and tracking the flow of solar power to the utility from those who create it on small systems very important.

Blockchain technology can help create a system for those producing power to sell it to the utility, and for the utility to better incorporate that energy into it’s overall energy plan.

With SIMBA’s system, each users has the ability to keep a cloud-based distributed ledger that can preserves anonymity and verification when needed. That transactive grid supports interactions between users, prosumers, and energy stations and makes distributing power easier and more precise.

Meters connected through blockchain recorded readings every second and can easily and quickly transfer energy to any user needing extra power.

SolarChain

SIMBA has built a proof-of-concept app that lets you view accounts, manage consumption, and buy or sell energy all on a blockchain.

SolarChain
View on GitHubSee it Live

SIMBA Chain in conjunction with ITAMCO and the University of Notre Dame has been awarded a grant from the Department of Energy to develop a potential platform for a blockchain solution for the solar energy market. The goal is trying to develop a marketplace to maximize the potential for energy creators and the utilities.

Secure Blockchain will add transparency, efficient processing, and the accurate recording of transactions for utility-sized renewable energy. The development on this project will lead to a potential Phase II award for implementation and prototyping with energy providers and consumers.

View account, manage consumption, or sell energy.

SIMBA Chain has made it easier to track the generation and consumption of energy.

That’s putting SIMBA Chain to work.

Get Started with SIMBA Chain