Trading Solar Power from Building in Neighborhood – Tata Power Launches Blockchain-based P2P Solar Power Trading Pilot

Tata Power, Delhi has introduced that it’ll collaborate with Australia-based Power Ledger to launch a pilot mission the place prosumers (an entity that each consumes and produces solar energy) can commerce solar energy with neighboring buildings. The Peer to Peer (P2P) pilot will run by June 2021 to collect data round buying and selling algorithms together with dynamic buying and selling.

Under this pilot mission, 150 websites with prosumers having rooftop solar energy methods promoting extra energy to neighbouring residential and business shoppers. The transaction will happen by Power Ledger’s blockchain know-how that gives a near-real-time settlement.

If the pilot passes by, it is going to 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.

To recall, in December final yr, Uttar Pradesh become India’s as well as South Asia’s first blockchain-enabled Peer to Peer (P2P) Trading of Rooftop Solar Power.

In 2019, BSES in Delhi had introduced plans to implement P2P buying and selling of solar energy between residential buildings utilizing blockchain know-how. However, the present standing of this mission is unknown.

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