Apr 23, 2020 02:30 UTC
Apr 23, 2020 at 02:30 UTC
Power Ledger To Provide Blockchain Technology In Western Australia
Power Ledger will provide the blockchain technology to empower energy trading at the new housing developments in Western Australia.
Under a deal declared on Wednesday that the energy-focused startup will introduce its platform across 10 private homes being built in the Perth metropolitan territory by local property developer Nicheliving.
A joint venture between Connected Communities Energy and Nicheliving, the energy trading project will see Power Ledger’s blockchain platform actualized in Nicheliving’s flagship “Sky Homes” and future lodging throughout the next 3 years.
Jemma Green, chairman and co-founder at Power Ledger, said in a press release –
“Nicheliving is the largest medium density developer in Western Australia to deliver blockchain technology to manage energy delivery and trading.”
Green added –
“We’re seeing an emerging trend of project developers considering more low-cost and low-carbon energy supplies during the design phase of their projects. Power Ledger’s platform incentivizes homeowners to invest in solar energy infrastructure.”
Power Ledger said the activity will commence with 62 Sky Home lofts situated in Inglewood, Perth, that will include an installed power network with solar based and a storage microgrid. It will leverage blockchain technology to invigorate a local renewable energy market.
Ronnie Michel-Elhaj, the managing director of Nicheliving, said –
“Power Ledger’s technology enables homeowners to lower their daily energy costs and unlock a new revenue stream by monetizing excess solar energy and reducing their reliance on fossil-fuel sourced power.”