Kontrol Energy to Offer Distributed Energy Solutions with Blockchain Technology

Kontrol

November 2, 2017

Kontrol Energy Corp. through its operating division Kontrol Technologies Inc., is integrating its real-time energy management system, the Kontrol EMS, with Blockchain technology.  

“The traditional utility model of centralized power plants is changing as consumers demand greater access to sustainable energy solutions including solar energy, combined heat and power and battery storage,” says Paul Ghezzi, CEO of Kontrol Energy. “This is especially true for those North American markets where the retail cost of electricity exceeds 16 cents per kilowatt hour.”

The Kontrol EMS will include full Internet of Things (IOT) functionality, smart learning algorithms and the ability to manage localized distributed energy solutions.  Through Blockchain technology Kontrol plans to provide local energy producers and consumers with a peer to peer energy market. “Blockchain technology offers a unique opportunity to facilitate the growing demand for distributed energy solutions across North America,” continues Paul Ghezzi.  “The ability to buy and sell locally produced sustainable energy has great potential for both stabilizing existing electricity grids and reducing the cost of energy over time. Blockchain technology also has the potential to eliminate wasted energy and reduce infrastructure costs for governments and utilities.”

The Kontrol EMS will be available in the second quarter of 2018 with Blockchain technology. For 2018 the Company anticipates that it will build out up to 2 Megawatts of distributed energy solutions in Ontario, Canada. In addition to the Ontario market, the Company is also exploring potential opportunities and acquisitions in the distributed energy sector in New York and California.

Related Articles

Manitoba Hydro

Manitoba Hydro named one of Canada’s Top Employers for Young People for 2023

February 14, 2023 Development opportunities, engineer-in-training program among reasons for selection Unique training and development opportunities, along with paid internships, are two of the reasons Mediacorp Canada Inc. selected Manitoba Hydro as one of Canada’s Top Employers for Young People in 2023. “This year’s winners understand that what moves the needle are programs that propel…

Latest Articles

  • Declines in Ontario and Manitoba Construction Intentions Push Down the Non-Residential Sector

    Declines in Ontario and Manitoba Construction Intentions Push Down the Non-Residential Sector

    December 16, 2024 The total value of building permits issued in Canada decreased by $399.1 million (-3.1%) to $12.6 billion in October. This comes on the heels of a strong September, during which construction intentions rose by $1.3 billion to the second-highest level in the series. Despite the monthly decline in October, the total value of building permits… Read More…

  • Lighting Control Basics for Home Automation

    Lighting Control Basics for Home Automation

    By Matthew Biswas Do your eyes roll when you hear terms like Smart home technology?  Or are you a true believer?  As it turns out controlling electrical devices via low-voltage technology can be easier to implement and use than many of us thought. The Lutron Caseta system uses the internet and Radio Frequency to instantly… Read More…

  • Grounded in Ontario: The Future of Energy Storage Systems

    Grounded in Ontario: The Future of Energy Storage Systems

    December 16, 2024 Technical Advisor Trevor Tremblay explains why following best practices and relying on licensed professionals will ensure a smooth and secure transition when integrating this exciting new technology. Energy Storage Systems (ESS) are revolutionizing the way individuals and businesses manage energy, providing cost-saving opportunities, increased energy reliability, and a pathway toward sustainability. In… Read More…

  • 4 in 5 Canadians See Electrifying Public Transit as Key to Advancing Climate Action, Schneider Electric Survey Finds

    4 in 5 Canadians See Electrifying Public Transit as Key to Advancing Climate Action, Schneider Electric Survey Finds

    December 13, 2024 Schneider Electric has released new survey findings showing Canadians are increasingly concerned about the environmental impact of traditional public transit emissions. According to the survey, 83 per cent of Canadians recognize the need for electrified transit to support a sustainable future and are seeking actionable and innovative solutions to ease the nation’s… Read More…

Changing Scene