Power Ledger launches P2P solar trading trial in Bangkok
【Published by Ye Ting Jun】
Many international startups have gradually applied blockchains to their daily lives. For example, residents of an advanced community in Bangkok, Thailand are experimenting with end-to-end renewable energy trading platforms supported by blockchain technology to enable residents to directly buy and sell solar power.
Solar power will be traded across the meter among four participating entities at Bangkok’s T77 precinct — a shopping centre, international school, serviced apartments and a dental hospital. According BCPG, the P2P platform will rely on rooftop solar systems with a total capacity of 635 kW deployed across four participating entities and co-located battery storage, which are expected to cover 20% of the community’s overall electricity needs.
BCPG is in charge of designing and installing the connections, meters and solar PV, while Power Ledger is providing its blockchain technology as the transactive layer across 18 meter points to monitor energy transactions between participants, enable P2P trading, generate invoicing, and evaluate the trading position of individual participants.
“Having a utility allow the physical transaction of energy inside the T77 precinct is an important step towards our aim of providing individuals with the ability to sell their excess renewable energy,“ said Power Ledger Managing Director David Martin, adding that Thailand is a regional showcase for the integration of distributed renewable energy technologies.
The role of blockchain technology in this platform is to provide a transparent way to handle transactions between power users, power producers, and even traders and power companies.
■ Source: Money.udn
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