Tata Power DDL is spearheading the first live solar energy trading project in Delhi, in association with Australian technology company Power Ledger and India Smart Grid Forum (ISGF).
The landmark project uses Power Ledger’s blockchain-enabled technology to facilitate peer-to-peer (P2P) trading of electricity from over 2 mw of solar photovoltaic systems between multiple consumers in its licensed area of North Delhi – part of the national capital.
Under the project, an end total of about 150 sites that include Tata Power-DDL’s locations as well as their actual consumers with solar generation (prosumers) will be using the platform to sell their excess energy to other residential and commercial sites in a dynamic pricing environment, with benefit from P2P energy trades.
Consumers can choose which seller (prosumer) to buy electricity from, with Power Ledger’s blockchain audit trail of energy transactions providing near-time settlement and complete transparency throughout the entire process.
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This project enables development of an integrated ecosystem of grid-connected, distributed energy resources including EV charging stations and battery energy storage systems (BESS) that can directly participate in the P2P marketplace.
“Power Ledger’s partnership with ISGF and a major energy provider like Tata Power-DDL is a major milestone in advancing these ambitious targets and introducing the concept of energy trading to the world’s second-biggest city,” according to Dr Jemma Green, Co-Founder and Chairman, Power Ledger
The comprehensive P2P trading trial that will continue until June 2021 will test out several trading algorithms, including dynamic trading, which creates an energy auction pool for prosumers and consumers. The trial will also include a comprehensive report and provide recommendations to the regulator to consider a bespoke provision and trading rules to promote P2P trading of electricity and accelerate the growth of rooftop solar in the state.
This project is aligned with:
- International Solar Alliance: ‘To scale up solar energy, reduce the cost of solar power generation through aggregation of demand for solar finance, technologies, innovation, research and development, and capacity building’. This project will incentivize prosumers by giving them access to the market where they can sell their surplus energy. This will further scale up adoption of grid connected RTPV among customers.
- National Strategy on Blockchain, MEITY: P2P Energy Trading Project brings the revolutionary blockchain technology to the Indian Power Sector.
10 countries, 25 projects
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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