All over the world, communities, cities, states and national governments are aligning and committing to renewables, electric vehicles, and efficiency programs. New energy consumers will play a leading role in meeting these commitments, if they have the tools. The key to achieving these ambitions as well as overcoming the challenges involved is totally rethinking the electricity marketplace. Empowering global citizens is why LO3 Energy’s Exergy system is the fast-track solution to today’s monopoly business model. In this reality, renewable energy is generated, conserved, and shared within communities. Clean energy is bought and sold autonomously from neighbour to neighbour, but also prioritised to critical facilities during natural disasters and outages. The ultimate outcome will be lower energy prices, vastly reduced carbon emissions and increased resilience and efficiency. Exergy provides the ability for machines to transact locally, cheaply, securely, and rapidly, making price an indirect means of controlling and integrating the billions of devices at the grid edge, rather than antiquated and expensive command and control technology. Exergy brings the power of markets to individuals, communities, and utilities alike.

In April 2016, the world’s first ever energy blockchain transaction occurred between two Brooklyn residents. This was the beginning of the Brooklyn Microgrid, a project to create a community microgrid wherein members can participate in their local energy economy through power purchases, PV generation, energy storage, demand response and other actions. In Brooklyn, neighbours buy and sell local, clean energy from each other using LO3 Energy’s Exergy system. The result is the creation of a reimagined marketplace where environmental and economic impacts of new technologies and business models can be measured and appropriately valued. This presentation will discuss real-life applications of transactive energy and examples, such as the Brooklyn Microgrid.