Following the successful pilot led by Powerledger the Uttar Pradesh Electricity Regulatory Commission (UPERC) issued a tariff order, directing all the utilities in the state of Uttar Pradesh to implement peer-to-peer energy trading. We continued the development of the platform adding the integration for API readings and additional trading logics.
OP Properties partnered with us to integrate the Powerledger platform into their apartment development. Following the integration of our platform the tenants have saved 50% on their annual strata levies. The continued development of the platform included upgrading our xGrid, uGrid and Vision applications with new trading logic for batteries.
We begin our first carbon credit project with Silicon Valley Power, tracking the transactions of Low Carbon Fuel Standard Credits (LCFS). The continued development on our platform included the addition of automated measurement, verification and reporting functionality utilizing blockchain for our TraceX application, enabling tokenization of environmental commodities through Renewable Energy Certificates (RECs).
We undertook a peer-to-peer energy trading trial with BCPG, a Thailand Government backed renewable energy developer. We delivered a major upgrade to the platform bringing a new UI for BCPG, an interface to view the blockchain audit trail of records, the addition of consumers' statement of use and exportable billing data. This was the first large scale launch of a commercial and industrial peer-to-peer energy trading project for our platform.
Along with our project partners, we received part of a A$2.5M grant, for an A$8M project researching the energy market. The project utilised our blockchain-enabled platform, in partnership with the Australian Government, the Western Australian Government, Curtin University, Murdoch University and CSIRO’s Data61.
In partnership with Access Housing for their Sustainable Housing for Artists and Creatives (SHAC) cooperative project, we developed the platform’s equitable allocation model. This was the first commercial roll out of the model, which allowed for the allocation of consumption by different households and the trading of excess energy amongst the tenants.
We secured the process for a direct exchange between the Sparkz token and fiat currencies, in real-time. Adding to the pre-existing functionality of exchanging energy for Sparkz in real-time. By providing bank on and off-ramping, we cleared one of the largest barriers for peer-to-peer energy trading.
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