Blockchain peer-to-peer rooftop solar trading pilot launched in India

Source: · SMART ENERGY INTERNATIONAL · | December 24, 2020

The India Smart Grid Forum (ISGF) has launched a blockchain peer-to-peer trading pilot with Australian tech pioneer Power Ledger.

Image: ISGF

The initiative in Lucknow in Uttar Pradesh state in northern India has launched with its first 12 participants comprised of nine customers with rooftop solar PV and three other customers without who will be the net buyers.

The customers have been provided training through online training sessions by the ISGF on various functionalities of the blockchain platform and the procedures that need to be followed to participate in the trading activities.

As a pilot project, the participants will engage in mock trading, i.e. no money transactions, for the first three months. During this period, the ISGF will try different trading logics and test scenarios to secure a win-win for all stakeholders.

“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,” says ISGF President, Reji Kumar Pillai.

“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.”