Grid Uses IOTA Tangle Technology For Machine to Machine (M2M) Communication; Machines Pay Each other in Tokens as Incentive to Comply
(Arnhem, the Netherlands — February 15, 2019) — ElaadNL, the smart charging infrastructure lab founded by Dutch grid operators, has devised a Proof of Concept (PoC) that demonstrates how smart grids can autonomously balance energy consumption using IOTA technology. The PoC, created at the ElaadNL test lab, shares data securely via the IOTA Tangle and lets the charging devices themselves decide if they want to help balance the grid load or not. By charging electric vehicles at a slower speed or during an off-peak time, the charging stations earn a small fee in IOTA tokens. The system runs itself — no human interaction is needed.
A video on this energy balancing PoC by Harm van…