Power Ledger Blockchain Energy Trading Platform To Try P2P Energy Trading In Australia
In collaboration with the Shire of Wongan-Ballidu in Western Australia, blockchain-based energy trading firm Power Ledger has launched a trial of its blockchain-based power management technology in rural areas.
The blockchain startup will run this project in collaboration with Innovations Central Midlands WA, BSC Solar, Sonnen and CleanTech Energy. Starting with a trial at commercial sites in the Shire of Wongan-Ballidu and Moora, the company plans to expand its reach to other regional shires in WA.
David Martin, managing director and co-founder of Power Ledger says:
“The current energy system relies on large-scale power stations pushing energy to some consumers located hundreds of kilometres away. This requires an even further energy push when trying to reach regional areas such as Wongan Hills or Moora.”
Power Ledger’s platform will facilitate P2P energy trading between participants that include shire offices, CRC/Visitor Centre, a swimming pool, medical center, sports center, local farmer, mulch company, bakery, and two agricultural machinery dealerships.
While solar power is an attractive proposition for small communities, a significant part of the energy potential goes wasted. The current model offers no compensation to commercial sites that feedback their excess energy to the grid.
Regarding this, Martin says:
“We now have the ability to generate power from our rooftops, from renewable sources — and the existing energy system needs to transition or face an increasing crisis of relevance. If successful, which we believe it will be, this could REVOLUTIONIZE the way rural energy systems operate.”
Power Ledger has active projects in Western Australia metropolitan areas and in several countries around the world including Austria, Thailand, Japan and the United States.