Bloomberg Environment Quotes Morten Lund on Applicability of Blockchain for Distributed Energy

Back to Legal Insights
Back to Legal Insights

Energy attorney Morten Lund was quoted in Bloomberg Environment in an article titled “Blockchain May Play a Role as California Moves to Solar Mandate,” published May 18, 2018. The article discusses how California’s recent enactment of a mandate that starting in 2020 new homes must be built with rooftop solar panels or be connected to a community solar array may make the state a testing ground for the use of blockchain to allow homeowners to buy and sell small amounts of power to each other.

The solar mandate will mean that new homes will eventually also need batteries to store the power they generate from their solar cells, and blockchain technology would offer advantages to homeowners in trading that excess energy on a microgrid. However, adoption of blockchain may in part depend on whether a third party instead of the homeowner owns the solar panels and on how that electricity is purchased from the homeowner, according to Lund.

“As far as we’ve been able to determine, the distributed energy sector doesn’t really need blockchain, but blockchain could help make it more efficient and cheaper and easier,” Lund said.

Key Contributors

Morten A. Lund
See all contributors See less contributors
×
Saved Pages

Use the arrows to arrange content.  Download pages as a .pdf file or share links via email..

{{ item.Title }} {{ item.AttorneyPosition }}, {{ item.AttorneyLocation }} , C. {{ item.AttorneyCell }} , P. {{ item.AttorneyPhone }} , F. {{ item.AttorneyFax }} {{ item.TypeText }} Remove
You have no pages saved
            {{ state | json }}