India’s Tata Power Announces Blockchain-Based P2P Solar Power Trading Pilot

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Indian utilities have introduced the launch of a 3rd pilot mission for peer-to-peer buying and selling of solar energy based mostly on blockchain know-how.

Tata Energy Delhi announced that it’s going to collaborate with Australia-based Energy Ledger to launch a pilot mission the place prosumers can commerce solar energy with neighbouring buildings.

The pilot will cowl 150 websites with prosumers having rooftop solar energy techniques promoting extra energy to neighbouring residential and industrial shoppers. The transaction will happen via Energy Ledger’s blockchain know-how that gives a near-real-time settlement.

If profitable, the mission will open doorways to a number of different functions. Underutilized EV charging stations geared up with solar energy panels can promote extra energy to close by shoppers, or charged EVs can feed energy into the grid.

In 2019, Energy Ledger announced the same collaboration with one other distribution utility in Delhi. BSES had introduced plans to implement peer-to-peer buying and selling of solar energy between residential buildings utilizing blockchain know-how. The present standing of this mission is unknown.

Another project based mostly on Energy Ledger’s blockchain know-how for peer-to-peer buying and selling is underway within the state of Uttar Pradesh. On this case, solar energy is being traded between government-owned buildings.

Tata Energy has been the frontrunner in adopting new applied sciences. In 2017 it launched India’s first solar-powered carport in Delhi. Its sister firm, which is among the many largest personal energy era corporations, introduced in 2019 that it will not fee any new coal-based energy crops and would deal with renewable power know-how for additional development.

 

 

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