Dairy farmers could soon be trading renewable energy using blockchain technology in the Latrobe Valley. The Australian Renewable Energy Agency (ARENA) announced $370,000 in funding for a feasibility study into a virtual microgrid for Victoria's Latrobe Valley. The $775,000 project will be led by Brooklyn-based energy company L03 Energy and will focus on the feasibility of creating a 'virtual microgrid' across up to 200 dairy farms, more than 100 household consumers and around 20 other commercial and industrial customers in the Gippsland region L03 built and managed the Brooklyn Microgrid, which was the first local energy marketplace to use blockchain.
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