AUSTIN, TX., July 18, 2023 / K7 News / – K7 Tech Capital LLC (“K7”)

An Alternative Energy Solar Micro Power Grid in K7 multifamily real estate enables energy brokering by empowering property owners to act as intermediaries between the local utility and the residents, facilitating the exchange of surplus energy produced by the solar microgrid.

Here’s how it works:

1. Solar Micro Power Grid Setup: The K7 multifamily real estate installs a solar micro power grid on its premises, incorporating solar panels and energy storage systems. This setup allows the property to generate renewable energy from the sun and store excess energy for later use.
2. Smart Metering and Monitoring: Each residential unit within the multifamily complex is equipped with smart meters and energy monitoring systems. These smart meters measure the energy consumption of each unit and communicate the data to the central energy management system.
3. Energy Production and Consumption Balance: As the solar micro power grid generates electricity, it first meets the energy demand of the multifamily property’s common areas and shared facilities. Any surplus energy produced beyond the property’s immediate needs is stored in the energy storage system.
4. Energy Brokering with Residents: The property owner or management can offer residents the option to participate in an energy brokering program. Interested residents can subscribe to this program, becoming “prosumers” – consumers who also produce their energy through solar panels installed on their rooftops or balconies.
5. Energy Credit System: The smart meters track the energy consumption of individual units, including any excess energy generated by the residents’ solar panels. When a prosumer generates more energy than they consume, the surplus energy is fed back into the solar microgrid, earning them energy credits.
6. Virtual Net Metering: Energy credits earned by prosumers can be translated into financial benefits or applied as credits against their electricity bills. This concept is known as virtual net metering, allowing residents to offset their energy consumption costs using the energy credits from their solar generation.
7. Community Engagement and Incentives: To encourage participation in the energy brokering program, property owners may offer incentives such as reduced energy rates for prosumers or community-based initiatives. Residents can actively engage in sustainable practices and benefit financially from their solar investments.
8. Grid Interaction: In some cases, the solar micro power grid may be interconnected with the local utility grid. During periods when the solar microgrid is not producing enough energy, or in emergencies, residents can draw energy from the grid. Conversely, when the solar microgrid generates excess energy, it can supply the grid, earning revenue for the property.