This article was first published on Power Ledger - Medium
Blockchain-enabled solar trading in India’s largest state.
- Uttar Pradesh Power Corporation Limited (UPPCL) unveils blockchain-enabled solar power trading, first in India and South Asia, in a project led by India Smart Grid Forum with Australian technology company Power Ledger.
- Peer to Peer (P2P) trading platform has launched with 12 participants comprising nine customers with rooftop solar (prosumers) and three customers without rooftop solar (net buyers).
- The results and recommendations of the pilot project will be submitted to UPPCL and Uttar Pradesh Electricity Regulatory Commission (UPERC) for consideration for framing regulations to promote P2P trading of rooftop solar power in Uttar Pradesh, the largest state of India.
Perth, Australia and New Delhi, India — December 22, 2020: Uttar Pradesh has become the first state to launch blockchain-enabled solar power trading in India and South Asia in a project led by India Smart Grid Forum (ISGF) with Australian technology company Power Ledger.
Uttar Pradesh Power Corporation Limited (UPPCL) and its subsidiary Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) will host the first of its kind pilot project involving peer-to-peer (P2P) trading of energy generated from solar rooftop systems installed on buildings in Lucknow.
The project is being implemented by ISGF using Power Ledger’s energy trading software. Abajyon Inc,a system integrator has helped integration of the blockchain platform with UPPCL’s billing system.
The P2P trading platform has launched with 12 participants comprising nine customers with rooftop solar (prosumers) and three customers without rooftop solar (net buyers), identified in consultation with MVVNL.
“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. Participants in the pilot project have been trained through online training sessions by ISGF on various functionalities of the blockchain platform.” said ISGF President, Mr Reji Kumar Pillai.
“Power Ledger’s platform integrates ...
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Power Ledger - Medium