Friday, 27 July 2018 10:44

Blockchain tech to facilitate solar energy trading in new residential development

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Yolk Property Group's Tao Bourton with Power Ledger MD David Martin Yolk Property Group's Tao Bourton with Power Ledger MD David Martin

Western Australian energy solutions provider Power Ledger has inked an agreement with the Yolk Property Group to use its blockchain technology for solar energy trading between residents of the near-complete Evermore residential development.

Under the deal Power Ledger’s peer-to-peer platform will provide a transactive layer for residents of Evermore to trade renewable energy between each other.

The Evermore, White Gum Valley residential development comprises 24 highly sustainable apartments powered by solar PV and cutting-edge lithium battery technology.

According to Power Ledger, residents will be able to save on their power bills using a combination of rooftop solar PV panels, battery storage and the company’s blockchain technology.

Power Ledger claims the project is the first apartment development in Australia for sale to the public utilising blockchain technology for solar power trading between residents in a strata-setting.

“We’re delighted to again work on projects like WGV that are changing the way we use energy and deliver a modern, decentralised and low-cost, low-carbon structure to residents,” Power Ledger co-founder and managing director David Martin said.

“Power Ledger is proud to be working with Yolk at Evermore and we look forward to the evolution of similar sustainable projects in Australia and across the globe.”

Located three kilometres from Fremantle city centre, White Gum Valley is Western Australia’s first “One Planet Community”, an international sustainability initiative that provides reduced costs of living to residents.

Evermore is the third WGV development to which Power Ledger will apply its technology, following the nearby Gen Y and Sustainable Housing for Artists & Creatives projects.

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Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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