Categories: Bitcoin Business

US DOE grants $1.05M for blockchain-based energy platform

Click here to view original web page at

On Friday, it was announced that the United States Department of Energy (DOE) had awarded a $1.05 million to four separate recipient organizations to create blockchain-based technology that will be used for commercialized transactive energy platform. The four groups will include the University of Denver, Virginia Tech, BEM controls, as well as ComEd.

It is the DOE’s Office of Science that is specifically partnering with the two universities, an energy company, and software firm to develop the blockchain technology that will “enhance building energy management and benefits to occupants.“ All four organizations are thrilled to be a part of this new venture. According to a press release issued by BEM:

“The BEM Controls software incorporates time-based energy management and control of interior spaces in buildings to achieve greater energy efficiency, reliability, and resiliency. ComEd will use its Grid of the Future Lab to demonstrate the functionality of the system, which will be developed over three years.”

ComEd President and COO Terry Donnelly described the project as an “extremely important,“ saying, “Energy management technology has the potential to make a very positive impact on the environments in which we live and work. ComEd’s Grid of the Future lab will play an important role in advancing the science in this field and support our efforts to deliver a premier customer experience.”

Added Dr. Amin Kohdaeci, Chairman of the Electrical and Computer Engineering Department at the University of Denver, “The growing proliferation of distributed energy resources calls for advanced management frameworks that support peer-to-peer communications while being fast, scalable and secure. Now is the time to develop and demonstrate the technologies that can make a more sustainable and resilient future possible.”

Prof. Saifur Rahman will lead the team from Virginia Tech. He is the director of the Advanced Research Institute at the school.

It appears that the DOE is looking to expand the use of blockchain technology beyond this platform. The use of this technology is seen to have great application for energy grids, as the department has set aside $4.8 million in funding for research specifically designed to use blockchain in securing the data from fossil power generation sensors.

It is expected that the collaboration between the four organizations and the DOE will create a platform that is ready for operation within three years.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Luongo: Trump’s Not A 4-D Chess-Player, He’s A Very Simple Creature

Authored by Tom Luongo, Friday night used to be the ‘best night on television.’ But today Friday afternoon is becoming… Read More

5 hours ago

Overstock Still Focusing on Crypto Despite Embattled CEO’s Departure

Overstock was one of the first major companies that expressed extreme interest in utilizing and adopting crypto – an interest… Read More

5 hours ago

Symmetrical Triangle Pattern May Bolster Bitcoin Bulls

Over the past couple of days Bitcoin has found itself caught within a relatively tight trading range and has continued… Read More

5 hours ago

Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer

Patrick Byrne this week resigned as CEO of US online retailer Overstock. The move closely followed the announcement of disappointing… Read More

5 hours ago

Ethereum & Stellar’s Lumen Tech Analysis –26/08/19

It’s a bullish start to the day for the majors. Holding above key levels would support another breakout later in… Read More

5 hours ago

New tool for OTC trade is based on Ethereum smart contracts

Source: Wikimedia The decentralized platform AirSwap, a trade network driven by the Ethereum platform, launched a tool, called AirSwap Trader,… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More