Australian tech company Power Ledger partnered with Tata Power DDL (TPDDL), who serve more than 7 million people in Delhi, on a pilot project that allowed prosumers to trade solar energy with neighboring buildings. During the pilot, which ran until June 2021, 150 sites used the platform to sell excess energy to residential and commercial sites, with a blockchain audit trail offering near real-time settlements and transparency. In October 2021, Power Ledger joined a new energy initiative aiming to boost the resilience of remote communities in the Tarapacá region in northern Chile.
“India is about to delicense power distribution business and make open access to retail customers enabling them to buy electricity from anybody from anywhere. In that scenario, blockchain platform for P2P trading of electricity will be a perfect game changer for the clean energy revolution in the country. We have already done another successful pilot project in Uttar Pradesh. The results of these two projects should instill confidence in the regulators to draw appropriate regulations for scaling up of P2P trading of electricity in India” said Mr. Reji Kumar Pillai, President – India Smart Grid Forum.
Power Ledger has more than 25 projects in 10 countries, including several in Europe, Australasia and the North American regions, including a project to create a Renewable Energy Certificate marketplace in the USA and the broader Southeast Asian region.
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