A suburb in Fremantle, Western Australia will see its apartment owners to be among the first in the country to trade solar power through a block chain according to cryptocoins news.
Landcorp, the development arm of Western Australia, developed solar-powered, one-bedroom apartments and are reportedly expected to be snapped up by predominantly young dwellers.
The apartment-owners will soon be able to trade any surplus solar energy over the blockchain developed by Power Ledger. Power Ledger is a Perth Startup that aims to enable owners of solar panels to sell excess energy. It beats the conventional model of selling excess energy for a lower feed-in tariff, which is then sold at a higher rate from the grid.
Landcorp is offering 3 apartments that will share 9 kilowatts of solar panels between them, along with a large 10 kilowatt–hours battery.
Power Ledger is already engaged in blockchain-based solar energy trading trials in the country. The local Australian startup picked a retirement village in Busselton, Western Australia, that allow users to trade excess solar energy among the users. The trial will also see raspberry P minicomputers put to use in order to track a house’s energy consumption. Energy meters will be fitted at 20 homes along the communal clubhouse. The actual installation of the technology is scheduled in 2017 in Victoria and Perth.
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Featured Image Credit: Ian Muttoo
Solar Trust Centre Team
