Solar sharing within an apartment estate via Peer to Peer (P2P) trading

Source: One Step off the Grid.

The Australian-made solar energy sharing platform first rolled out at the White Gum Valley housing project in Fremantle, Western Australia, has been extended to a new apartment complex at a residential estate.

Power Ledger is the Perth-based company behind the peer-to-peer (P2P) trading platform and will work with Yolk Property Group to apply the blockchain technology for solar energy trading between residents across Yolk’s Evermore apartment development. The company’s platform seeks to allow rooftop solar energy producers and consumers to trade their electricity directly, saving money, hassle and maximising the use of rooftop solar.

The technology works, like bitcoin, to identify the ownership of energy as it is generated and then to manage multiple trading agreements between consumers who buy excess solar direct from the original owner/producer, without the addition of market costs and commercial margins.

The application of the technology at Evermore, a complex of 24 “highly sustainable” apartments, fitted not only with solar but with battery storage, is a new frontier – although with the same goal, of providing “a transactive layer” for residents to trade the solar energy between each other.

Read more: Power Ledger extends P2P solar sharing to WA apartment complex. One Step off the Grid, July 27, 2018.

See also in this blog: Solar power for ‘all’ with Peer to Peer (P2P) trading. September 28, 2017.