Electricity consumers within an energy microgrid or embedded network are empowered through complete visibility of their electricity usage and transactions; simply, securely, transparently and available to be viewed in real-time.
For building or complex owners and strata managers, μGrid enables electricity metering, big data acquisition, rapid micro-transactions and microgrid management at an unprecedentedly granular scale.
μGrid also breaks the nexus between energy generation and consumption in these environments by generating revenue from renewable energy assets, including solar panels and batteries, even if the investor of these is absent or when there is excess energy generation.
This exciting partnership will allow Queensland consumers to access the benefits of low-cost, low-carbon energy. Via Power Ledger’s unique energy trading platform, Project Brainstorm’s customers will be able to sell their excess energy to their neighbours at a more competitive rate then sell it back to the grid.
Together with Project Brainstorm, Power Ledger have a pipeline of projects in Queensland and northern New South Wales, including retailers on the Sunshine Coast and residential properties near Noosa.
In an Australian first, residents in units and townhouses are part of an electricity microgrid. The community utilizes and shares energy harnessed through solar panels. By remaining connected to the main electricity network, excess harnessed electricity, for example during summer, is sold back to retailers via the Western Power network. Likewise, any additional electricity requirements, such as during winter, are provided by the grid. Electricity is shared between residents through Power Ledger’s peer-to-peer trading Platform.
Power Ledger’s first project took place in Western Australia’s National Lifestyle Villages (NLV) in Busselton trialling our energy trading software. The NLV is home to a very passionate, progressive and environmentally aware community that is known for taking initiative and being innovative in order to achieve positive environmental outcomes. The Power Ledger trial demonstrated the value opportunity created through using a distributed ledger, or blockchain, to improve the economics of their Distributed Energy Resources (DERs) and deliver positive outcomes for the community as well as the environment.