Peer-to-peer energy trading specialist Power Ledger has inked a deal with major property developer Nicheliving to deliver a series of 10 solar and battery microgid powered apartment buildings in its home city of Perth over the coming three years.
The deal, announced on Tuesday, will start with a 62-apartment complex at ‘Sky Homes’ in the inner-city suburb of Inglewood, which will be 100 per cent renewable through an embedded electricity network made up of solar and storage.
Power Ledger says its blockchain technology will track energy consumption and transactions on the microrid and allow the apartment buildings to sell surplus power to other nearby residents, to make most of their self generated and stored solar energy.
“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,” said Power Ledger co-founder and chair, Jemma Green.
In the case of Nicheliving, which claims to be the largest medium-density developer in Western Australia, the company has been actively seeking more sustainable energy solutions for its residential builds through a joint venture called Connected Communities.
“Power Ledger’s technology enables homeowners to lower their daily energy costs and unlock a new revenue stream by monetising excess solar energy and reducing their reliance on fossil-fuel sourced power,” said Nicheliving managing director Ronnie Michel-Elhaj.
“The relationship with Power Ledger will help us deliver on our commitment to building more sustainable communities for Western Australian homeowners,” he said.
For Power Ledger, the Connected Communities deal is just the latest for the company which, back in 2016, was named by Bloomberg New Energy Finance as one of the global leaders in the development of blockchain energy sharing technology – a major player in the shift to decentralised…