Swarm Electrification

Description

BY SARA BADIEI:

"In September 2015, a Bangladeshi company, ME SOLshare, introduced them to what it calls “swarm electrification”.

In a fresh twist on the sharing economy popularized by Uber and Airbnb, ME SOLshare’s pilot project enables the residents of Shakimali Matborkandi to trade electricity among themselves, free of any contact with a local utility.

...

If anyone on the grid needs electricity, they add credit to their mobile wallet, switch their SOLbox to ‘buy’ mode, and trade the credit for power. Similarly, those who have excess power, or simply want to make some extra money, set the box to ‘sell’ mode. They can then use the credit on their mobile wallet to buy products at any local store." (http://motherboard.vice.com/read/mesolshare-rural-bangladesh-swarm-electrification-off-the-grid)

More Information

• "This system, known as peer-to-peer electricity trading on a nanogrid, is already making inroads in some industrial countries, such as the Netherlands, New Zealand, Germany and the US." [1]