Democratizing renewable energy sharing
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Read the full publication here:
https://www.2tokens.org/blog/democratizing-renewable-energy-sharing?categoryId=422111
Key highlights:
· Renewable energy sharing
We are witnessing a shift towards a decentralized energy future shaped by multiple energy sources, peer-to-peer (P2P) energy trading and energy cooperatives. Here is a list of 57 P2P firms. These changes promise cost savings, environmental benefits and increased energy independence, reshaping the energy landscape to be more sustainable and resilient.
· Energy sharing communities and hubs
At the heart of this transformation are local communities, such as Renewable Energy Communities (RECs) and Citizen Energy Communities (CECs) - which are typically established as not for profit organisations, which play a critical role in local energy production and governance. These communities, characterized by decentralized decision-making and dynamic adaptability, contribute to local energy resilience and sustainability.
· Practical energy sharing solutions
Energy sharing is no longer a distant dream - it’s happening and is already enabled by energy-sharing solutions using blockchain-powered platforms to enable fractional ownership, digital platforms for community engagement and smart contracts for transparent governance. These systems empower stakeholders to manage shared energy resources effectively, ensuring inclusivity and accountability.
· Energy sharing ecosystem
This evolving ecosystem includes a diverse range of players - cooperatives, energy hubs and others - who come together to manage resources, facilitate P2P trading and provide critical services. It’s a collaborative network that supports community-driven energy solutions, making the entire system more resilient and efficient.
· Decentralized governance journey
Transitioning to decentralized models isn’t a simple task; it’s a journey. It requires engaging communities from the start, understanding the baseline blueprint up to the deployment of digitalized infrastructure and actively managing decentralized energy production. What is required is a framework that helps communities achieve sustainable energy goals and overcome challenges such as regulatory compliance and effective governance. However, in order to fully realize this potential, regulatory uncertainty, technological barriers and governance challenges must be addressed through collaboration among policymakers, industry stakeholders and communities.
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