The Irving Institute for Energy and Society at Dartmouth recently announced that a $40,000 grant has been awarded to Professor Amro Farid to develop a transactive energy blockchain prototype for Lebanon Community Power (LCP). LCP is the Municipal Aggregation project that the City Council empowered the Lebanon Energy Advisory Committee to develop last year under the leadership of City Councilor Clifton Below.
The objective of this project is to enhance the sustainability and resilience of the electric grid in the City by creating prototype software demonstrating how people, businesses and institutions can easily buy and sell locally-produced renewable power.
“We are proposing Transactive Energy (TE) and Blockchain as cutting-edge information technologies for LCP in order to enable Lebanon residents and businesses to easily transact local carbon-free electricity,” said Dr. Farid.
The City Manager’s office has formally endorsed this project and Liberty Utilities will be an active participant in its research and development. For more information about Lebanon Community Power, please read Lebanon Community Power Update #1.