The first apartment development in Australia for sale to the public, employing the combination of solar PV panels, battery storage and blockchain technology.
renewable energy traded peer-to-peer each week
of total solar generation in 2021
of CO2 reduced by using solar energy*
saving annually per household
The Evermore project includes 24 apartments and a common area that utilise a 54.6 kWh solar and 156 kWh battery hybrid system, powered by Powerledger's blockchain-enabled platform. This ongoing project is another commercial success story, providing residents and strata managers transparency over their energy use down to 30-minute intervals. The project was originally funded by a grant from the Australian Renewable Energy Agency, as part of a research program aimed to understand how to increase the uptake of solar PV panels in strata-managed residential developments.
Since the initial research program, Powerledger’s platform has become a permanent feature of the Evermore development enabling residents to trade energy amongst themselves at better rates than if they simply sold back to the grid, whilst also reducing reliance on electricity from the grid, enabling them to be less affected by electricity price increases.
The original research project was backed by Curtin University, in partnership with Development WA, Australian Renewable Energy Agency, Low Carbon Living Cooperative Research Centre and the Commonwealth Scientific and Industrial Research Organisation.
Courtesy of ABC News.
(*compared to the emissions from the grid energy produced in Perth)
Yolk Property Group Director
Tao Bourton
Would you like to know more about the Powerledger platform and how it works? Contact your local Powerledger representative to book a demonstration.
