Clean energy focused project Power Ledger (POWR), based in Australia, on April 22 revealed that it had begun rolling out solar trading services in association with firm Nicheliving in the city of Inglewood. Meanwhile, oil continues to languish in its woeful state, with many analysts saying that the worst is yet to come. The introduction of new technology that promotes clean energy is in stark contrast to these well entrenched assets, which are beginning to show their age.
The implementation is part of a 3 year deal between the two parties which will see the service eventually integrated into 10 more properties across Perth.
The trading services, which will let users trade excess energy to others connected on the grid, will first be available in Nicheliving’s SkyHome property, home to 62 apartments. An embedded electricity network and solar PV and storage microgrid will give residents 100% clean energy.
Power Ledger Co-Founder and Chairman Dr Jemma Green spoke of the trend towards clean energy,
We’re seeing an emerging trend of project developers considering more low cost and low carbon energy supplies during the design phase of their projects. Power Ledger’s platform incentivises homeowners to invest in solar energy infrastructure.
Power Ledger allows users to track energy consumption and sell excess energy units, which the team expects will make the distribution of power more efficient, while making “the most out of the solar energy generated.”
Nicheliving Managing Director Ronnie Michel-Elhaj said that Power Ledger’s technology would aid building more sustainable communities,
As part of its Smart Cities initiative, Connected Communities, Nicheliving was seeking a way to provide new homeowners with more sustainable and affordable energy in their new home...The relationship with Power Ledger will help us deliver on our commitment to building more sustainable communities for Western Australian home owners.
Australia is currently facing something of an energy crisis, possessing one of the highest rates of electricity consumption, with South Australia’s prices at AUD $0.50 per kWh. Energy prices in the nation are one of the highest in the world, and coal power plants are shutting down.
As oil prices plummet and the resistance to non-renewable energy grows, blockchain projects such as Power Ledger become increasingly attractive to businesses and authorities.
