Too Long; Didn't Read
As much as 2.8 billion people lack access to electricity or only partial access, according to data from the International Energy Agency. The IEA predicts that renewable energy will grow in importance, providing almost 30% of power demand in 2023, up from 24% in 2017. The process of integrating renewables into the grid is rather data-intensive, posing both a challenge and an opportunity to discover innovative solutions for accounting, recording, predicting, and seamlessly joining in renewables. A recent report by Ernst & Young reveals some of the challenges and opportunities in consolidating distributed energy production through a blockchain-based approach.