Property developers in Australia have integrated the peer-to-peer (P2P) energy trading solution provided by Power Ledger (POWR) into a mixed-use development in the eastern suburbs of Perth. The DeHavilland Apartments by Buerock Projects will feature the technology and becomes the first development of its type in Western Australia.
Power Ledger has partnered with Element47 and Bluerock Projects to deploy our platform at a first-of-its-kind development in Western Australia. Nine households and one commercial space will share a solar PV system and battery to trade solar energy P2P. https://t.co/4ogVjYAMG7
— Power Ledger (@PowerLedger_io) December 16, 2019
Working alongside embedded network management business Element 47, Power Ledger will provide an internal auditing system for the energy consumption for both the residential and commercial spaces and allow them to share the output from a solar photovoltaic (PV) system and SENEC battery to trade energy.
The news of the project comes just one month after the Australian Energy Market Commission (AEMC) released a research paper called How digitalisation is changing the NEM – the potential to move to a two-sided market which looked at ways to reconfigure the national energy market (NEM) in Australia.
Power Ledger’s Co-founder and Executive Chairman Dr Jemma Green believes the DeHavilland Apartments showcases how the property industry can help motivate the institutional change necessary to achieve sustainable development through new technologies.
Dr Green said, “The property industry, including developers, urban planners and architects are driving the communities of the future.” By integrating Power Ledger’s platform from the design conception stage “…developers are setting the foundations for the next generation of energy systems.”
As implied by the term “two-sided market” any utilised energy system needs to appeal to the user as well as the provider and Dr Green understands that “Homeowners are looking for greener options and Power Ledger not only enables greater use of renewable infrastructure, it also enables solar owners to participate in energy trading markets that were previously unavailable to them.”
Stuart Hawley, Bluerock Projects Director, agreed that, “Homeowners are increasingly becoming more environmentally in their purchases…[and]…The energy systems are an integral part of the overall environmental picture for future developments.”
Since winning Sir Richard Branson’s global Extreme Tech Challenge contest in 2018, Power Ledger have been a leading force in driving the P2P market with active projects in various countries including the U.S.A., Japan, and India.