The experience curve is driving evolution.
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In mid-December, National Grid Plc will flip the switch on an automated trading system that pays hospitals and research facilities at the Buffalo Niagara Medical Campus to sell electricity from their onsite solar panels, batteries or other generators to doctors’ offices and businesses — the first power market ever designed within a single utility service area.
The micro-market is an example of the Uber-effect, applying big data to better monetize small assets. The same technology could be used to help homeowners sell electricity from rooftop solar panels to their neighbors, and it may be a key part of New York Governor Andrew Cuomo’s plan to get half the state’s power from renewable sources by 2030.