Home Home Tech Blockchain tech to be used to power up Aussie houses
Blockchain tech to be used to power up Aussie houses Image courtesy of Stuart Miles at FreeDigitalPhotos.net

The first homes outside Europe claimed to utilise blockchain technology for power will be completed in a new housing development in Australia in September this year.

According to Australian solar and battery installer Natural Solar, the use of blockchain tech to power the Australian homes marks the future of property developments and shifts the capability and method in which Aussies power their homes.

The Australian property development in Kurnell (New South Wales) will connect 12 homes via their home battery power storage solutions turning them into a virtual power plant, whereby homes will have the unique ability to share power.

Chris Williams, chief executive and founder of Natural Solar, says the property development is the first of its kind in Australia and outside of Europe.

“This technology that we have only seen utilised in this exact way in international markets unlocks a huge opportunity for Australians,” says Williams.

“In this instance, it’s not just the ability for homes to share power that is a huge drawcard for developers. Costly grid and infrastructure upgrades required to provide power to this development of 12 properties meant an anticipated $250,000 price to ensure the grid could supply adequate power to both the new homes and existing homes.

 “The actual installation cost has saved the developer $22,000 from day one, but also offers buyers a tangible asset for their property which will guarantee up to 20 years of $0 power bills and an annual estimated saving of $2500 thanks to their new sonnenBatterie and challenger energy retailer plan sonnenFlat.”

The installation completed by Natural Solar will see each home have a 5kWp solar system and a 8kwh sonnenBatterie installed.

Williams says that not only is there an initial saving from avoiding the grid upgrades, the installation is expected to save the homes in the development a minimum of $620,000 in power bills within the next two decades.

According to Williams, the housing development will reduce the volume of power drawn from the grid up to 90% per home, decreasing reliance on the grid.

And he says the initial development will act as a first Australian proof-of-concept, with many more developments of a similar size and scale expected to integrate solar and battery power from the build phases.

 “Blockchain technology is now being explored around the world when it comes to home energy storage, and this is a trend we are seeing in property developments where this can be added into the infrastructure from the beginning. These are the first homes in Australia that connects blockchain technology coupled with battery power to produce a truly unique energy solution.

“There is no doubt we are seeing strong consumer savings when home owners move to battery power, and this will be a motivator for Australians.

“In the case of this development in Kurnell, with each property anticipated to have a valuation of $1.5 million, we are also seeing savvy home owners wanting to reap the benefits of savings from day one. It’s hugely powerful to know that from the day they move in, they will never have to pay for power again.”

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Peter Dinham

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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