New blockchain technology will allow everyday investors to invest in projects such as this one. Photo provided by Plural Energy.
One of the companies currently leading the way in incorporating blockchain and renewables is Plural Energy, a US-based startup. In a conversation with Plural Energy CEO Adam Silver, he emphasized that the goal of incorporating blockchain This technology could also be easily converted into carbon credits, where investors receive a fraction of a carbon credit as a result of an investment, rather than a financial return. Silver pointed out that the use of blockchain also democratizes access to investing in renewable generation. Along with benefiting the investor, the incorporation of blockchain technology into renewable projects allows project financiers and developers to access capital from previously unavailable sources.