Australian firm tests blockchain for P2P solar electricity trading

posted almost 6 years ago
Perth-based company Power Ledger has announced that it will start testing a blockchain technology-based system that will allow people in Perth and south-west to buy, sell or swap excess solar electricity with anyone connected to the Western Power network without mediators.
The company uses blockchain technology to identify the ownership of energy and manage various trading agreements between those consumers who buy excess solar direct from the original owner without the inclusion of market costs. Power Ledger has signed an agreement with National Lifestyle Villages in order to trial the technology at its Busselton site where there is a mix of consumers with and without solar panels.
Tags: news, blockchain