Blockchain enables Australia’s peer-to-peer power trading kick-off | Energy Storage News

Cheap solar electricity will be traded between neighbouring residents in apartment blocks in Western Australia, enabling peer-to-peer (P2P) trading of electricity in a project supported by the Australian Renewable Energy Agency (ARENA).

White Gum Valley, a residential development near Fremantle, Western Australia, has rooftop PV installed on its blocks. A modest 53.6kW solar PV system has been paired with a 150kW lithium-ion battery energy storage system on Evermore, one of the apartment blocks.

Using Power Ledger, a blockchain-based technology developed by a local firm will be used to provide a so-called ‘transactive’ layer to the management of the solar-plus-storage installation. Residents will be able to freely sell their power to one another, allowing those with surplus production, for example, to sell power to their neighbours as required.

via Blockchain enables Australia’s peer-to-peer power trading kick-off | Energy Storage News