uGrid enables energy tracking and trading within embedded networks & microgrids. It can be used in shopping centers, apartment complexes, office buildings and retirement villages with individual or co-owned energy assets.
If you live in an apartment building or manage and develop properties for a living, getting everyone comfortable that the system will calculate everything fairly could be a challenge.
The Powerledger platform handles this simply and transparently using the blockchain. The platform enables residents to trade solar energy with each other and monetise their roof space. It means residents can buy from those closest to them, keeping the investment, profit and benefit of renewables within the community.
In shopping centres and commercial buildings, uGrid can create the marketplace from complex energy systems to deliver return on investment for asset owners.
uGrid provides detailed usage data and consumption tracking to identify where the bulk of energy is being used. uGrid creates a local energy marketplace, with trading rules that can be set based on how you want the market to operate.
Detailed usage data allows you to track consumption and be more energy efficient in common areas, because you’ll be able to see where the bulk of energy is being used, and by whom, and manage it more efficiently.
For developers or building managers, the platform means you can offer more attractive rates to residents in comparison with traditional service providers.
uGrid is being deployed in the East Village Development. This development by DevelopmentWA, is part of the Renew Nexus project, and sponsored by the Australian Government’s Smart Cities and Suburbs initiative.
With a 670kW/h shared battery installed on-site, East Village project will allow 36 homes with rooftop solar to trade with each other via the battery, utilising the Powerledger platform.
The RENeW Nexus project was conceived to understand the potential of localised two sided electricity markets and how technology platforms can facilitate more efficient outcomes to the energy system.
Would you like to know more about the Powerledger Platform and how it works? Contact your local Powerledger representative to book a demonstration.
