Researchers at the Free University of Brussels have organised the Scanergy project to encourage the usage of NRGcoin, a digital currency, to trade renewable energy. The NRGcoin is worth 1 KWh of green energy and tradable 24 hours a day, meaning that solar-panel owners will no longer run the risk of electricity suppliers adjusting prices unfavourably. “People are starting to realise how important it is,” says Dr Jan van der Velde, who heads up the project.
Researchers at the Free University of Brussels have organised the Scanergy project to encourage the usage of NRGcoin, a digital currency, to trade renewable energy. The NRGcoin is worth 1 KWh of green energy and tradable 24 hours a day, meaning that solar-panel owners will no longer run the risk of electricity suppliers adjusting prices unfavourably. The system will also streamline renewable energy supply and demand through smart grids.