Perth-based technology company Power Ledger has created a peer-to-peer solar energy trading platform that allows neighbours to sell excess electricity when they have it and buy more electricity when they need it. They can even donate energy to local community groups and schools.
Solar panels on the rooftops of homes across Australia is commonplace. In the last 15 years, more and more households have been installing solar panels on their rooftops, generating their own low-cost, clean electricity.
Power Ledger have created software that allows for peer-to-peer energy trading from rooftop solar panels. Using blockchain technology they empower households to trade their excess rooftop solar power with their neighbours.
Power Ledger say: “Energy markets have failed to keep pace with the advancements in solar technology and battery storage. We want to make it easier and cheaper for people to choose energy from renewable sources.
“We saw the need for an energy trading platform that would facilitate the buying and selling of renewable electricity generated from rooftop solar panels, in addition to trading energy stored in batteries.”
Power Ledger’s software is also being used internationally including Thailand, India, Japan and the US.
Rosa Medea is Life & Soul Magazine’s Chief. She writes about lifestyle including sustainable and green living. She also offers content services to businesses and individuals at Rosamedea.com