Connecting Communities for Greater Efficiency
- Nov 30, 2021 6:38 am GMT
Nancy Min, founder of ecoLong, is helping communities become more energy efficient. Her software tech company aims to increase the accessibility of clean energy for communities that may not otherwise have access to it. Min hopes to realize that goal by rolling out ecoLong’s software platform in underserved and underrepresented communities in the next few years. Min explains, “Our mission at ecoLong is to build interconnected and resilient communities, which includes the development of our blockchain-based energy marketplace that provides communities with equitable access to clean energy.” ecoLong is empowering people to trade excess energy to neighbors using blockchain technology. According to Global Market Insights Inc., blockchain technology in the energy market is predicted to rise from $200 million in 2018 to $18 billion by 2025. A Blockchain In Energy report by Wood Makenzie revealed that 59 percent of blockchain energy projects are building peer-to-peer energy markets. A peer-to-peer energy market is a shared network of individuals who trade and buy excess energy from other participants.
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.