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PROJECT PROFILE
The Brooklyn Microgrid
Props Received:
308
Followers:
3810
Key Project Players and Roles
| Company | Technology Provider | Advisor | End User | Other | |
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LO3 Energy
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Consolidated Edison
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New York Power Authority
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Siemens
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next47
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Project Details
Project Country:
United States
Project Phase:
Pre-Pilot
Project Status:
Developing
Key Dates
Date Announced:
March 31, 2016
Date Launched:
--
Project End Date:
--
Project Description
What does the project do and how does it work?
In line with the efforts of the New York Reforming the Energy Vision (REV), the Brooklyn Microgrid (BMG), has developed a community-powered microgrid in Brooklyn allowing the participants to engage in a sustainable energy network and choose their preferred energy sources, locally. The project connects local consumers to local prosumers via a microgrid and looks to provide the ability to source power locally.
Who is involved in the project and why?
Siemens through their subsidiary Next47 and Con Edison play roles as project partners in this deployment.
Where is the project located and what is the size of the region of impact?
LO3 has connected more than 11 households in a Brooklyn, New York neighborhood via a blockchain enabled transaction platform.
How far along is the project and are there relevant project milestones to consider?
This project is a proof-of-concept, at some point seeks to facilitate the sale of power from prosumers to consumers on the microgrid. Brooklyn Microgrid will be launching a “simulated” energy marketplace in early 2019, prior to launching the live marketplace.
What are the value propositions associated with this project?
The BMG seeks to accomplish the following objectives:
1. Increase the amount of clean, renewable energy generated locally
2. Develop a connected network of distributed energy resources which will improve electrical grid resiliency and efficiency
3. Create financial incentives and business models that encourage community investment in local renewable energy
How is technology and innovation used to create value?
Blockchain serves as the transactional underpinning facilitating transactions between the parties on the network.
Industry Applications
Innovative Technologies Incorporated in the Project
PROJECT INVESTMENTS
Investments Received for
Investment Description
Investors
Investment Amount
Investment Round
Announcement Date
The Brooklyn Microgrid Funding
Funding Type:
Seed
Date Announced:
April 3, 2018
Closing Date:
--
Total Funding:
$18,000,000.0
Investors
Investment
Siemens
€1,000,000.0
next47
€8,000,000.0
DAISEE
GEL500,000.0
IN THE NEWS
Articles about
The Brooklyn Microgrid
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ADDITIONAL PROJECTS
LO3 Energy
Project Associations
Project Name
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Project Phase
Project Status
Date Announced
Date Launched
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Advisor
Pre-Pilot
Active & Operating
Dec. 5, 2018
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United States
next47
Project Associations
Project Name
Project Roles
Project Phase
Project Status
Date Announced
Date Launched
Project Location