Evermore, Australia
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Evermore, Australia

µGrid Evermore is Australia's first apartment development for sale to the public to use Power Ledger's blockchain technology alongside solar PV panels and battery storage.

Project summary

The first apartment development in Australia for sale to the public employing the combination of solar PV panels, battery storage and blockchain technology.

The trial involves 24 apartments, and is backed by Curtin University, in partnership with LandCorp, Solar Balance, Australian Renewable Energy Agency, Low Carbon Living Cooperative Research Centre and the Commonwealth Scientific and Industrial Research Organisation.

How the technology works

With the reduced reliance on grid supply, residents will be less affected by increases in energy prices, while selling excess solar electricity to their neighbors at peak demand times, rather than selling it back to the grid.

Power Ledger’s blockchain technology, paired with the other power-saving initiatives at Evermore, gives residents exceptional control over their power usage and power costs.

Yolk Property Group Director Tao Bourton

Project highlights

500kWh

P2P transacted per week

160kWh

peak renewables generated daily

73%

energy consumed from renewable sources on average

$780

saving annually per household

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