power ledger india
Power Ledger Completes Blockchain Solar Energy Trading Trail In India
November 15, 2019
power ledger india
Power Ledger Completes Blockchain Solar Energy Trading Trail In India
November 15, 2019

Power Ledger, the blockchain energy firm of Australia and Indian electricity distribution company, BSES Rajdhani Power Limited (BRPL) recently completed a peer-to-peer (P2P) solar trading trial.

On Nov. 14 Power Ledger announced that it will carry out a P2P energy trade trail in the Dwarka region of South West Delhi. It initially carried out 5-6 megawatts (MW) of already existing solar infrastructure while serving an array of gated communities.

Solar Energy as Assets

The aim of the trial is to give participants access to cheaper, renewable energy while letting solar infrastructure owners monetize their surplus energy. Residents with a rooftop solar infrastructure can sell their excess solar energy to their neighboring households.   

ALSO READ :  Chinese Regulator Urges Authorities To Prevent Public Usage of Cryptos

Power Ledger stated:

“BRPL was able to access a cost-effective energy alternative during the times of peak demand pricing leading to increased efficiency and reliability of the power supply,”

BRPL CEO Amal Sinha commented on the trial results:

“With the exponential growth in our economy and production, the ability to generate clean energy and utilize it across India without the need for a fully centralized grid is critical. Realizing the importance of distributed generation, we have already built an extensive renewables infrastructure, and this trial with Power Ledger will help us fully utilize that energy.”

Solar power is a fast-growing source of energy in India, as the country has the lowest capital cost per MW to install solar power plants globally. As of September, the country’s solar capacity exceeded 31 gigawatts. 

Power Ledger’s Expansion

Recently, Power Ledger partnered with a local retailer to implement its technology in South Australia. The firm will be combining it’s Virtual Power Plant (VPP), the blockchain-based energy trading app to a commercial offering of Powerclub, an Australia based electricity wholesaler.  

ALSO READ :  R3 Corda Partners With Blockchain-In-The-Cloud Startup Kaleido

Power Ledger, and Japan’s KEPCO a utility company successfully completed a joint trial of a blockchain-based system for post-FIT (feed-in tariff) surplus power in Osaka.

In early October, Power Ledger announced that it will run another blockchain-enabled trading trial in Japan’s Kanto Region. It teamed up with companies such as Japanese solar provider Sharing Energy and electricity retailer eRex.


Source: Power Ledger | Image: Amlan Mathur/ BigStock Photo


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!