The Australian peer-to-peer (P2P) energy trading pioneer has purchased a 250kW PV system that will utilize the company’s new energy data management and settlement system to provide greater visibility on renewable energy sold to a consumer under a 20-year power purchase agreement.
Western Australian energy trading technology company Power Ledger and wholesaler energy retailer Powerclub have teamed up with German battery manufacturer sonnen and solar and battery installer Natural Solar to launch their virtual power plant pilot in South Australia. The project is the first large-scale commercial rollout of blockchain technology for solar energy trading in Australia.
Having verified its technology in projects around the globe, Australian start up Power Ledger is looking to scale its offering to much larger communities. The Australian Energy Market Commission last week proposed a similar agenda.
Known for its blockchain-based peer-to-peer platform that allows energy trading between households, Power Ledger is now readying for the first large-scale commercial rollout of its technology in Australia. The Perth-based company has partnered with electricity wholesaler Powerclub to allow households to pool net solar and battery storage and act as a virtual power plant.
A public enterprise grade energy blockchain has powered up with the promise to accelerate a low-carbon, distributed electricity future. For the first time, energy sector companies are hosting validator nodes on a decentralized network as they seek to adapt to a more digitalized and decentralized energy system.
Open-source blockchain platform Energy Web Foundation has revealed the number of its affiliates has risen from 37 last month to 100. New members include EnBW, Total and the State Grid Corporation of China. The platform was conceived to create an energy-blockchain ecosystem and to accelerate the energy transition.
PowerLedger’s xGrid is a blockchain-based electricity trading platform that’s now being used in a Pennsylvania business park, in addition to Chicago, California, a large housing unit in Australia, plus a few more locations.
Some 377 households and a retirement home are participating in a pilot project. In the first two weeks of this month, solar power generators sold 82% of their electricity within the neighborhood. The goal of the one-year test run is to develop a viable concept for the trading of solar power.
Around 40 residential properties across the port city of Fremantle, Western Australia, will be able to trade solar power using a blockchain-enabled platform. The trial is even open for residents who do not have solar PV on their rooftops.
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