Australian residents in Perth and the South West may soon be able to use blockchain technology to buy, sell or swap excess solar energy with anyone connected to the countries Western Power network, if the trials that are commencing today prove successful for the Perth company Power Ledger.
Power Ledger Chair, Jemma Green explained: “We’re all electricity consumers, and many of us are now electricity producers with roof-top solar panels. Power Ledger will enable producers and consumers to trade their energy directly –saving money, hassle and maximising the use of clean, green, solar energy. The ability to now sell their excess energy to other customers represents the return on their investment. Just as Airbnb and Uber have up-ended the hospitality and transport markets, Power Ledger has the potential to change forever the way we buy and sell energy to power our homes,”