Politico's Debra Bruno reports: New York state allows electricity consumers to use their own solar panels to supply their electricity, but any power produced that the customer doesn’t use feeds back into the larger grid, with consumers being paid for those kilowatt hours. A microgrid system the Brooklyn -based LO3 Energy has devised would essentially cut out the middleman, using a phone app and smart meters to enable neighbors to strike deals for how much electricity they want to buy from one another and at what price. The technology that makes this possible, Santiago explained to Guerra, is blockchain, the same secure information exchange that makes bitcoin trading possible.
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