April 25, 2024

Power Ledger Launches Blockchain Platform for Solar Energy Sales

Australian company Power Ledger has signed an agreement with Perth construction firm Nicheliving to launchblockchain platform for the sale of solar energy.

Blockchain energy selling systemshould be available to residents of Perth within 3 years. First, owners of 62 apartments in the premium Nicheliving SkyHomes complex in Inglewood will get access to it. The system will provide residents with energy from renewable sources through the electricity grid, solar panels and energy storage systems.

The platform will track consumptionenergy and sell the surplus generated by solar panels on the roofs of houses, as well as optimize the distribution of energy and reduce the cost of infrastructure.

Nicheliving Managing Director stated thatThe platform can help encourage homeowners to reduce the use of energy from fossil fuels. It will provide them with a new source of income, reduce daily consumption costs, and also help to quickly recover the costs of installing solar panels.

Earlier this month, Power Ledger planned to connect 220,000 meters to ekWateur, a French green energy company, to track energy consumption.

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