Uttar Pradesh is all set to launch India and South Asia’s first blockchain-enabled Peer to Peer (P2P) Trading of Rooftop Solar Power on 17th December 2020.
The state will host the first of its kind pilot project involving energy generated from solar rooftop systems installed on buildings in Lucknow.
The project is being implemented by India Smart Grid Forum (ISGF) along with blockchain technology partner Power Ledger, Australia and Abajyon Consulting who supported the integration of blockchain platform with Uttar Pradesh Power Corporation (UPPCL) billing system.
The Peer2P trading platform is set for the launch with its first 12 participants comprising of 9 customers with rooftop solar (prosumers) and 3 customers without rooftop solar (net buyers), identified in consultation with MVVNL.
The customers have been provided training through online training sessions by ISGF on various functionalities of the blockchain platform and the procedure that need to be followed to participate in the trading activities.
This being a pilot project, the participants will engage in the mock trading (no money transactions) for next 3 months.
This pilot project will demonstrate the feasibility of rooftop solar energy trading through smart contracts on the blockchain platform between prosumers with their neighbouring households.
Power Ledger’s platform integrates the transaction data from the smart meters to enable households to set prices, track energy trading in real time and enable the settlement of surplus solar energy transactions
During this period, ISGF will try different trading logic’s and test scenario is win-win for all stakeholders including the utility.
This is a Syndicate News Feed; edited by Clean-Future Team