Major Solar Battery Maker Joins Blockchain-Enabled Power Project

Asia Blockchain Review
December 27, 2019

Sonnen, the world’s largest solar battery manufacturer, and Natural Solar, Australia’s largest solar installation firm, has joined Power Ledger to provide blockchain-enabled energy trading services in Australia.

Big Industry Players in Blockchain Energy Trading 

After Australian energy retailer Powerclub announced its partnership with Power Ledger in November 2019, other players in the energy sector like Sonnen and Natural Solar started joining the blockchain energy trading project, according to Finder.

Meanwhile, eligible households in South Australia will be able to request battery subsidies from the state if they join the blockchain-powered peer-to-peer energy trading scheme. 

Dr. Jemma Green, Co-founder and Executive Chairperson at Power Ledger, revealed the blockchain-enabled technology will help lower the country’s carbon footprint.

“Power Ledger’s VPP technology enables participants to export stored solar energy at peak periods of demand, giving them the highest value for their exports while alleviating pressure on the grid and reducing Australia’s carbon footprint from fossil fuels,” Green said.

Saving Electricity Costs with Blockchain Technology

According to Powerclub CEO Stuart McPherson, the technology will “deliver thousands in annual electricity savings for participating South Australians”.

By getting Sonnen and Natural Solar on board, a higher number of households in Australia will be able to join the energy trading scheme in addition to those already equipped with solar panels in their homes. 

Natural Solar CEO Chris Williams revealed that blockchain technology could transform the energy sector. 

“Power Ledger’s technology, combined with Powerclub’s no-profit processes are a perfect example of this as it allows individual households to effectively trade electricity like a stock market,” Williams said. “It’s these significant advances in technology that are furthering the home battery storage market and swiftly setting the standard for households in Australia.”

Source: https://www.finder.com.au


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Integration of the ASEAN Digital Economy
    As ASEAN turns to digital innovation to usher in a new era of economic growth, ABR publishes the Blo...

    September 27, 2019

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us