UK: The first blockchain energy trade has taken place

17/04/2018 16:41 Renewable


The first blockchain energy trade in the UK has occurred at Hackney’s Banister House Estate, as stated by Verv, the energy trading platform via which the deal was possible.

Verv used a significant grant from Innovate UK to install a chain of PVs, batteries and smart hubs on 13 apartment buildings.

A testing period of the new technology is being performed, aiming to assist residents in benefitting from local renewable energy sources and to reduce their energy bills.  

The smart hubs estimate the energy demand profile of households, identify the solar energy supply in each storage battery and then allot renewable energy to residents according to their needs.

During the first trade 1 kWh has been transmitted from a row of solar panels with abundance of electricity on one of the building’s roofs, to a resident living in another block of flats of the same estate.

A member of the Banister House Community mentioned that up till recently no advantages were seen from electricity generated by solar panels on the roofs as UK electricity market did not have the appropriate structure.


Daily (07.08.2018): Brent crude rose by 0.7% on Monday as OPEC data showed lack of supply

07/08/2018 13:21:00

Oil crude prices hiked on Monday, due to sharp decline in Saudi crude outputs following the OPEC report. As concerns about the global oil supplies increased, Brent crude gained 0.7% to reach $73.75 a barrel. At the same time, WTI crude rose by 0.8% to $69.01 a barrel.


MAN Energy to supply engines for 286MW Bangladeshi power plants

07/08/2018 09:41:00

Germany-based MAN Energy Solutions has bagged two orders to supply a total of 15 MAN engines for two Bangladeshi power plants with a combined capacity of 286MW.


Germany Bulldozes Old Villages For Coal Despite Lower Emissions Goals

07/08/2018 09:31:00

The Garzweiler coal mine and power plant near the city of Grevenbroich in western Germany. Plans to expand an open-pit brown coal mine in the eastern German village of Pödelwitz have prompted protests.