Power Ledger Expands Blockchain P2P Solar Trading To New Parts In India
Australia-based energy blockchain company Power Ledger has scored yet another pilot project in India to enable peer-to-peer solar power trading.
Australia-based energy blockchain company Power Ledger has scored yet another pilot project in India to enable peer-to-peer solar power trading.
A New Delhi-based power distribution utility will implement India’s first-ever blockchain-based solar power trading. The project was made possible through Power Ledger’s blockchain platform.
Blockchain technology is (in the simplest way I can think of to describe it) a time-stamped series of transactions that are linked together, mathematically, to form a “chain.” Each transaction in the chain is a “block,” and they’re tied together using a cryptographic algorithm (fancy math) in a way that makes it impossible for the chain to be modified.
DENA expert Philipp Richard certainly didn’t get rich from Bitcoin, but he does see potential in the blockchain — even for the energy sector.
Just a few years ago, the notion of a consumer-driven energy sector was unheard of, much less within the African context. Fast-forward to 2019, and blockchain is opening a new energy chapter, driven by smart technologies.
Reducing deforestation, which is responsible for up to 11% of global greenhouse gas emissions, is crucial for the international community to achieve its goal under the Paris Climate Change Agreement to keep the global average temperature rise as close as possible to 1.5 degrees Celsius.
Trading excess generation with neighbors is no longer science fiction, writes independent energy expert Fereidoon Sioshansi, publisher of the newsletter EEnergy Informer. An experiment in Switzerland shows that peer-to-peer trading is ready to be scaled up.
Smart Cities are more than just sensors ushering you to an available parking space, standby street lights, or drones monitoring air quality. Citizens are the most important component in the smart cities of the future. We need their participation in order to collect data, track movement, share knowledge, and most importantly, resources. All of this is possible in the next few decades, but an important first step is to figure out how to incentivize citizens to get on board.
The old US grid has grown to be inefficient and is increasingly failing. In fact, some experts say that it was never designed to be efficient. Thankfully, blockchain has the ability to become a bridge for the renewable energy shift, by facilitating current peer-to-peer energy sharing solutions and accommodating the influx of electric vehicles.
it is more evident than ever before that GaN technology is the clear and undisputed solution for driving more robust growth and product innovation, as well as enabling companies to elevate the conversation and engage more deeply in sustainability initiatives.