ENERGY 4.0 its decision-making in the second Dutch settlement . Bax & Company will track how consumer behaviour and energy bills have changed in Eemnes , and apply its findings to Amersfoort in the first quarter of 2019 .
Bax & Company hopes that the installation of its next peer-topeer project will be more efficient , following the experience acquired by both the company and the Dutch government . The energy trading scheme struggled during its initial phases as governments had never
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Target number of participants in Eemnes by 2027 previously dealt with the blockchain technology on such a large scale . The firms also encountered difficulty in engaging with partners and investors due to a lack of understanding about how the technology would practically operate for households . “ Establishing and setting up the project was a huge challenge . The whole environment , and the current energy infrastructure , is not designed for this ,” Mertens remarks .
How does the blockchain-based project optimise both energy and cost efficiency ? “ The peer-topeer energy market uses a piece of software installed into the smart metres of a dwelling or company that will register consumer behaviour and how much energy is being produced by renewable projects , just as a regular smart metre does ,” Mertens explains . “ However , this one connects with all the smart metres in different dwellings , and the connectivity allows the dwellings to know how much energy each of them are producing . Through this , they can optimise the energy supply and demand .”
This becomes an efficient way for communities to share excess energy
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