Buy Solar from Your Neighbour
Homeowners who want to reap the benefits of solar power can now use a new app—Yeloha—to share with their neighbours. “We’re creating a separate network on top of the old utility infrastructure that allows us to share the value of the electricity between more people,” says co-founder Amit Rosner. To kick-start their company, Yeloha is installing its own panels on 100 buildings in Massachusetts at no cost. The company takes a commission on the transaction, like Airbnb or Uber. Yeloha is part of a growing trend toward peer-to-peer energy trading, joining apps like Vandebron in the Netherlands and Gridmates in Texas.