Indian utilities have introduced the launch of a 3rd pilot undertaking for peer-to-peer buying and selling of solar energy based mostly on blockchain know-how.
Tata Energy Delhi announced that it’ll collaborate with Australia-based Energy Ledger to launch a pilot undertaking the place prosumers can commerce solar energy with neighbouring buildings.
The pilot will cowl 150 websites with prosumers having rooftop solar energy techniques promoting extra energy to neighbouring residential and business customers. The transaction will happen by means of Energy Ledger’s blockchain know-how that gives a near-real-time settlement.
If profitable, the undertaking will open doorways to a number of different functions. Underutilized EV charging stations outfitted with solar energy panels can promote extra energy to close by customers, or charged EVs can feed energy into the grid.
In 2019, Energy Ledger announced the same collaboration with one other distribution utility in Delhi. BSES had introduced plans to implement peer-to-peer buying and selling of solar energy between residential buildings utilizing blockchain know-how. The present standing of this undertaking is unknown.
Another project based mostly on Energy Ledger’s blockchain know-how for peer-to-peer buying and selling is underway within the state of Uttar Pradesh. On this case, solar energy is being traded between government-owned buildings.
Tata Energy has been the frontrunner in adopting new applied sciences. In 2017 it launched India’s first solar-powered carport in Delhi. Its sister firm, which is among the many largest personal energy era corporations, introduced in 2019 that it might not fee any new coal-based energy vegetation and would deal with renewable vitality know-how for additional development.
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