Aussie Blockchain Powers P2P Solar Energy Trading in Upscale Bangkok Neighborhood
Australian solar startup Energy Ledger, the developer of a peer-to-peer (P2P) power marketplace on a blockchain, has commenced a trial in Bangkok enabling residents to acquire and sell solar electrical energy.
In a 1st-of-its-sort trial in Asia, residents and habitants of Bangkok&rsquos T77 precinct are participating in an &lsquoacross the meter&rsquo energy trial that makes it possible for customers&rsquo to trade their excess electricity &ndash generated by renewable solar energy &ndash over a blockchain marketplace that&rsquos accessible by an eight-hectare centrally-located Bangkok precinct on the city&rsquos electrical energy grid.
Participants in the affluent neighborhood&rsquos power trading trial will include a purchasing mall, an international school, serviced apartments and a dental hospital, Energy Ledger stated in an announcement. Up to 635KW of solar-generated power will be traded across the 4 entities.
Bangkok&rsquos Metropolitan Electrical energy Authority (MEA) will notably permit access to the city&rsquos grid to enable physical transaction of energy although becoming plugged into Power Ledger&rsquos blockchain platform to gain metering information for billing buyers.
&ldquoBy enabling trade in renewable energy, the community meets its own power demands, leading to lower bills for purchasers, greater costs for sellers, and a smaller sized carbon footprint for all,&rdquo Energy Ledger managing director David Martin told the Thomson Reuters foundation ahead of the project&rsquos industrial launch in September.
&ldquoIt will encourage much more buyers to make the switch to renewable power, as the cost can be offset by promoting excess energy to neighbors.&rdquo
The Perth-primarily based startup is partnering Thai renewable power firm BCPG which will style and install the solar panels, meters and connection inside the neighborhood. Power Ledger&rsquos blockchain will act as the transactional layer in a platform to assistance 18 meter points although enabling P2P trading in between person participants, energy monitoring and invoicing.
Following the completion of the trial, Power Ledger aims to scale the answer to 31 other earmarked potential projects with a planned power generation capacity of 2MW in a three-year period.
&ldquoBlockchain platforms will aid facilitate our distributed energy future with a better return on investment for solar panels and batteries,&rdquo Energy Ledger co-founder Jemma Green told CCN in a December 2017 interview. &ldquoIt also enables a low-expense, low-carbon and resilient regional energy system that puts the client first.&rdquo
Featured image from Power Ledger.
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Published at Tue, 28 Aug 2018 10:53:34 +0000