The award provides funding to commercialize a blockchain-based transactive energy platform developed by BEM Controls with funding from the DOE. Blockchains use multiple servers that operate like decentralized record-keeping and verification systems.
The BEM Controls software incorporates time-based energy management and control of interior spaces in buildings to achieve greater energy efficiency, reliability and resiliency. ComEd will use its Grid of the Future Lab to demonstrate the functionality of the system, which will be developed over three years. (Source: U.S. DOE Office of Science, PR, Crypto Economy, 9 Aug., 2019) Contact: U.S. DOE Office of Science, (202) 586-5430, www.energy.gov/science/office-science; BEM Controls, www.bemcontrols.com
More Low-Carbon Energy News U.S. DOE Office of Science, Energy Management , Building Energy,