Australian Neighborhood Selling Solar Energy with Blockchain Tech
In the National Lifestyle Villages in Busselton, Australia, a group of homes are experimenting with selling excess solar energy over the blockchain. Experimenting with Solar Power. The Australian-based start-up, Power Ledger, is conducting the experiment that will last for 8 weeks. With the help of another Australian-based start-up, Ledger Assets, the company will be running a trial on Peer-to-peer energy markets that will allow 10 homes to figure out how much money they can actually earn by selling their excess solar power to other peers. To get their plan off the ground Power Ledger will....
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A suburb in Fremantle, Western Australia will see its apartment owners to be among the first in the country to trade solar power over a blockchain. Solar-powered one-bedroom apartments developed by Landcorp, the development arm of the government of Western Australia are reportedly expected to be snapped up by predominantly young dwellers. These apartment-owners will soon be able to trade their any surplus solar energy over a blockchain developed by Power Ledger, a Perth startup that aims to enable owners of solar panels to sell excess energy. This beats the conventional model of selling....
Due to its unprecedented growth, the economic importance of the solar energy industry is surpassing that of the fuel energy industry. The solar industry’s exponential growth has boosted solar jobs by 25 percent since 2015, the Solar Foundation reported. Concurrently, Bitcoin and the Internet of Things are becoming an even more integral element of the....
A group of people in Australia will trade their excess energy on solar panels using a blockchain to record the transactions. The local Australian startup PowerLedger is in charge of the project in a retirement village in Busselton, Western Australia. The startup explores yet another use case for a burgeoning blockchain technology that proponents argue will revolutionize everything. Residents on Australia’s west coast believe the blockchain cryptographically secure ledger, which records transactions made within a distributed system, could be combined with a power source that shines 300 days....
Bitcoin, blockchain technology and the Internet of Things are dramatically disrupting every industry sector. They’re especially disrupting the energy and utility sector, including the solar energy trading market. Coincidentally, solar energy prices continue to decline, bringing spectacular new business opportunities while protecting the environment.....
The blockchain presents the opportunity of becoming a ‘potentially significant enabler’ for U.K. solar, according to SolarCoin co-founder Francois Sonnet. Speaking ahead of his panel on the future of solar technology at the Managing European Solar Assets event next month in London, he said that Bitcoin’s distributed ledger technology could be utilized across a number of different areas in the U.K. such as operation and management (O&M) and peer-to-peer energy trading, according to a report from Solar Power Portal. He said that the blockchain can help calculate any form of data, which....