Tata Power DDL, a leading power distribution company serving more than seven million people in North Delhi, is running a solar energy business with Australian blockchain company PowerLedger and the Indian Smart Grid Forum (ISGF).
The pilot program, which will run through June, aims to develop the distributed energy infrastructure and e-commerce resources that will motivate consumers to become consumers – consumers who also produce – by selling surplus solar energy on the surface of a peer-to-peer grid. Market.
Using PowerLedger blockchain technology to enable transparent settlement of energy transactions, the pilot will test various trading algorithms, including dynamic trading, to create an auction pool between consumers and consumers. Distributed grid-connected energy resources that can directly participate in the P2P market include electronic vehicle charging stations and battery storage systems.
As reported, PowerLedger has previously collaborated on a variety of blockchain-based ventures, including the energy trade, renewable assets, and credit markets for renewable energy, with players from the public and private sectors internationally.
Both Tata Power DDL and ISGF are public-private partnerships: the first is a joint venture between the Indian energy giant Tata Power and the Government of the National Capital Region of Delhi, and the second is a think-tank made up of government ministries, tools, technology providers, and scientists. Researchers.
ISGF President Regi Kumar Pillai said the pilot and similar project in Uttar Pradesh will give Indian regulators a practical idea of what it takes to increase P2P trade across the country:
India is in the process of moving its electricity distribution business and providing open access to retail customers so that they can buy electricity from anyone, anywhere. In this scenario, the P2P blockchain platform would be an ideal forerunner for the country’s clean energy revolution. ”
Gemma Green, Co-Founder and Chair of PowerLedger, argues that blockchain-based energy consumer trading could help India meet its renewable energy targets, which include 100 gigawatts of solar power, of which 40 gigawatts will be from solar power.