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Arensis, a provider of decentralized energy systems, and Schneider Electric announced the joint development of its smart microgrid pilot program. As part of the pilot, Arensis and Schneider Electric will develop a blockchain Application Programming Interface (API) platform for ENTRADE IO, a newly-formed company founded by the CEO of Arensis for off grid project financing and the sale of renewable energy in remote areas around the world.
Smart Microgrid Pilot
Joint development of the smart microgrid systems, combining waste-to-energy, solar and storage, will launch in North America with plans for global growth. The pilot will explore integrated renewable energy solutions using resources to develop, monitor and operate the systems through augmented reality (AR). The newly-formed ENTRADE IO financing platform is already underway outside of the U.S. helping to raise funds for projects in areas of greatest need, primarily Asia and Africa.
Live monitoring and the generation and distribution of energy to end users via Arensis IoT applications, in cooperation with Schneider Electric, helps to create a faster and more-efficient energy infrastructure. Schneider Electric’s EcoStruxure Augmented Operator Advisor helps to facilitate maintenance operations with the use of step-by-step procedures and remote experts leveraging augmented reality. Access to dashboard insights, real-time information, analytics on machine health, performance, efficiency and remote expertise enables tracking, monitoring and maintenance assistance from a mobile device.
In the past, the direct sale of power on a micro-level could be limited by high transaction costs, and the cost of operating a small-scale utility for individual customers has not always been feasible. Blockchain technology, integrated with smart metering, demand-based power management, automation and AR-based forecasting, is now more streamlined with automated smart contracts and ledger processing.