In an apartment building in western Australia, nearby residents will use cheap solar power to generate P2P power deals in a project supported by the Australian Renewable Energy Agency (ARENA).
White Gum Valley is a residential development near Fremantle, Western Australia, with rooftop photovoltaic panels (PV) installed on its block. Evermore is one of the apartment buildings that houses an ordinary 53.6 kW solar photovoltaic system and a 150 kW lithium-ion battery energy storage system.
Using Power Ledger, blockchain-based technologies developed by local companies will be used to provide a so-called ‘interaction’ layer to manage solar-plus-storage devices. Residents will be able to freely sell their electricity to each other, for example, allowing people with excess production to sell electricity to their neighbors as needed.
Yolk Property Group, the developer of the apartment building, has posted an advertisement for Evermore’s “Solar Apartment” on its website, which is scheduled to be launched within 7 days. Yolk worked with the Power Ledger for this project. In May of this year, Tech Crunch reported that Power Ledger had made its first commercial deployment in Northwestern United States for the Northwestern University of Illinois.
The P2P trial at Evermore White Gum has an academic bias. The pilot project was led by Curtin University and was attended by groups such as LandCorp, Solar Balance, Low Carbon Life Collaborative Research Center, ARENA and CSIRO. Yolk Real Estate Group received $280,000 in funding from ARENA.
About 80% of the electricity consumption in the participating apartments will be met through the solar storage program, while reducing the electricity cost of residents by about 30%. Water and electricity consumption will always be measured. At the same time, the entire project can inform the technical research of governance frameworks and distributed energy solutions, especially in so-called “stratigraphic” residential communities as defined by Australian law. The strata houses are privately owned dwellings, and part of them are jointly owned.
Yolk director Tao Burton said: “Buyers are getting more and more eye-catching, and they have made more progress in terms of sustainability, reducing carbon footprint, real cost savings and modern technology.”
“Through this project, we have proven that sustainability and affordability can go hand in hand in a simple, attractive and affordable apartment that can lead a sustainable lifestyle.”
Burton said that blockchain technology and Evermore’s other power-saving initiatives give residents a degree of control over their electricity and electricity bills. This is a “special case” where residents only need to pay for the energy they need and use it. Discounts sell excess energy to neighbors.”
Another blockchain-driven p2p energy trading or sharing trial is being carried out around the world, including Sonnen’s collaboration with grid operator TenneT to balance the German and Dutch power grids by remotely sharing renewable energy. In November 2017, the UK launched its first “Energy Trading Community” in East London.
The Evermore project is welcomed by the National Smart Energy Commission, which is currently conducting activities to overturn the proposed national energy security plan. The committee and other organizations said the plan would support the coal industry that would have died out and would slow the development of renewable energy and clean energy technologies and their applications.
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