Solar power trading: BSES partners with Aussie firm
There is no specific hardware device or investment required to sign up at the Power Ledger platform.
New Delhi: The BSES Rajdhani Power Limited (BRPL) has partnered with Australia’s Power Ledger, a global leader in block chain technology, to launch consumer-to-consumer (peer-to-peer) solar power trading on a trial basis.
With this, BRPL has become one of the first discoms in the country to use Power Ledger’s block chain based platform for peer-to-peer (P2P) solar trading. A feasibility study has been successfully undertaken. The offer will be rolled out once the regulatory approvals are in place.
Using Power Ledger’s block chain based P2P platform, the pilot project will initially be carried out amidst the existing and select group of gated community (CGHS) solar consumers in Dwarka, who generate around 5-6 MW of solar-power. These consumers will be able to trade solar power to their neighboring apartments and buildings using this platform rather than letting it spill back to the grid.
A unique aspect about Power Ledger’s block chain enabled P2P platform is that it can be used by any consumer with rooftop solar panels to further monetise their investment.
Consumers with rooftop solar infrastructure can sell their excess solar energy to their neighbours even if they don’t have rooftop solar panels, using energy trading platform. There is no specific hardware device or investment required to sign up at the Power Ledger platform.