The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Ready to Purchase Solar Power Right From Your Neighbor's Roof?
By Jeremy Deaton
And now, you can purchase free range, gluten free, fresh, organic solar power right off your neighbor's roof.
Brooklyn startup LO3 Energy is revolutionizing the way homeowners buy and sell electricity. They are making it possible to auction rooftop solar power directly to your neighbors, creating a market for home-grown clean energy.
Eric Frumin stands in front of his solar panels on the roof of his Brooklyn home alongside architect David Cunningham and AeonSolar's Allen Frishman. Eric Frumin
To understand why this is such a big deal, let's take a look at the way power utilities have historically operated. Traditionally, a centralized utility would sell electricity to numerous homes and businesses. There was one seller and many buyers.
Rooftop solar has disrupted that model. Now, in many parts of the country, you can install solar panels on your roof, generate your own power and sell the surplus power back to the grid. In this model, both you and the grid buy and sell power.
LO3 Energy goes one step further, allowing consumers to sell power directly to each other.
New Yorkers already have the option to buy clean power from the utility, but that electricity largely comes from hydroelectric dams in upstate New York. By creating a market for locally sourced solar power, LO3 Energy is allowing Brooklynites to support local solar installers.
"Folks want to know where their products came from. What's the impact of their products? How does it benefit me and my community? We can apply that to the energy sector," said Scott Kessler, director of business development at LO3 Energy. "We can make sure that the dollars people spend on energy have economic and environmental impacts in the areas they live in."
Typically, consumers by electricity from a centralized utility. LO3 Energy is making it possible for them to buy power directly from their neighbors. Source: Nexus Media/Freepik.
Here's how it works.
Surplus electricity generated by a rooftop solar array gets dumped onto the grid. These electrons are indistinguishable from electrons generated by a gas-fired power plant in Queens or a wind farm upstate. Each of these power sources acts like a hose feeding water into the same pool. You, the customer, are buying water from this pool. It's impossible to discern whose water you're buying, but you can determine who you would like to pay for what you take out.
LO3's flagship product, the TransActive Grid meter, works like a digital ledger, keeping track of who buys energy and how much they consume. It allows people to purchase electricity directly from their neighbor with the solar array. Consumers use an app on their phone to interact with the meter. The meter uses a blockchain, the technological breakthrough behind BitCoin, to validate these purchases.
"Historically, you've needed some sort of third party to ensure that I'm not going to send a dollar to you and a dollar to someone else," said Kessler, explaining blockchain. Typically, that third party was a bank. "But now through technology, if we all have the same information, we can transact with each other and simply update everyone's own database." This allows people to do business directly with each other.
LO3 is using Brooklyn as its test case, connecting dozens of homes through a digital network. The company plans to take its technology to other cities across the United States. This concept is taking off overseas, with startups setting up electricity trading networks in Germany, Australia and Bangladesh.
A map of people in Brooklyn who want to buy or sell clean energy through LO3's digital network. Source: Nexus Media
Admittedly, from the grid's point of view, this is bad for business. LO3 is allowing customers to circumvent the grid and buy electricity directly from each other. But Kessler said the grid can use the digital meter to their advantage. For example, in the middle of the day, when demand for power peaks, grid operators typically turn to small, expensive and heavily polluting gas-fired power plants.
Using the TransActive Grid meter, the grid could instead pay homeowners to shut off their lights, TVs or their appliances. Or, the grid could buy back electricity generated by rooftop solar panels or stored in electric cars. This would reduce transmission costs.
"You cut down on the amount of large infrastructure that's needed because that generation is happening within the community," said Kessler. "Additionally, it's more efficient because you don't have line losses from electrons traveling from Niagara Falls all the way down here to Brooklyn."
Ultimately, LO3 wants to localize power generation.
"Traditionally, your money really goes towards large corporations. The generating stations probably are located a distance away," said Kessler. "Now, you can make sure that's staying local."
EcoWatch Daily Newsletter
Native Americans are disproportionately without access to clean water, according to a new report, "Closing the Water Access Gap in the United States: A National Action Plan," to be released this afternoon, which shows that more than two million Americans do not have access to access to running water, indoor plumbing or wastewater services.
By Nanticha Ocharoenchai
In the Czech Republic, horses have become the knights in shining armor. A study published in the Journal for Nature Conservation suggests that returning feral horses to grasslands in Podyjí National Park could help boost the numbers of several threatened butterfly species.
By Bailey Hopp
If you had to choose a diamond for your engagement ring from below or above the ground, which would you pick … and why would you pick it? This is the main question consumers are facing when picking out their diamond engagement ring today. With a dramatic increase in demand for conflict-free lab-grown diamonds, the diamond industry is shifting right before our eyes.
By Whitney E. Akers
- "The Game Changers" is a new documentary on Netflix that posits a vegan diet can improve athletic performance in professional athletes.
- Limited studies available show that the type of diet — plant-based or omnivorous — doesn't give you an athletic advantage.
- We talked to experts about what diet is the best for athletic performance.
Packed with record-setting athletes displaying cut physiques and explosive power, "The Game Changers," a new documentary on Netflix, has a clear message: Vegan is best.