– Uttar Pradesh is the primary state to launch blockchain-enabled solar energy buying and selling in India and South Asia
NEW DELHI, Dec. 17, 2020 /PRNewswire/ — Uttar Pradesh is all set to launch India and South Asia’s first blockchain-enabled Peer to Peer (P2P) Buying and selling of Rooftop Photo voltaic Energy on 17thDecember 2020. Uttar Pradesh Energy Company (UPPCL), Madhyanchal Vidyut Vitran Nigam Restricted (MVVNL) and Uttar Pradesh New and Renewable Vitality Growth Company (UPNEDA) will host the primary of its variety pilot venture involving power generated from photo voltaic rooftop programs put in on buildings in Lucknow. The venture is being applied by India Smart Grid Forum (ISGF) together with blockchain know-how companion Power Ledger, Australia and Abajyon Consulting who supported the combination of blockchain platform with UPPCL’s billing system.
The P2P buying and selling platform is about for the launch with its first 12 contributors comprising of 9 prospects with rooftop photo voltaic (prosumers) and three prospects with out rooftop photo voltaic (web patrons), recognized in session with MVVNL. The shoppers have been offered coaching by on-line coaching classes by ISGF on varied functionalities of the blockchain platform and the process that have to be adopted to take part within the buying and selling actions. This being a pilot venture, the contributors will have interaction within the mock buying and selling (no cash transactions) for subsequent 3 months. Throughout this era, ISGF will strive completely different buying and selling logics and check state of affairs is win-win for all stakeholders together with the utility. The outcomes and suggestions of the pilot venture can be submitted to UPPCL and UPERC for consideration for framing laws to advertise P2P buying and selling of rooftop solar energy amongst prosumers and customers within the state.
“This pilot venture will display the feasibility of rooftop photo voltaic power buying and selling by sensible contracts on the blockchain platform between prosumers with their neighbouring households. Energy Ledger’s platform integrates the transaction information from the sensible meters to allow households to set costs, monitor power buying and selling in actual time and allow the settlement of surplus photo voltaic power transactions,” mentioned ISGF President, Mr Reji Kumar Pillai.
For extra particulars about venture, please write to ISGF at [email protected].
ISGF is a public non-public partnership initiative of Govt. of India with the mandate of accelerating sensible grid deployments throughout the nation. With 170+ members comprising of ministries, utilities, know-how suppliers, academia and analysis, ISGF has advanced as a Suppose-Tank of worldwide reputation on Sensible Vitality and Sensible Cities. Mandate of ISGF is to speed up power transition by clear power, electrical grid modernization and electrical mobility; work with nationwide and worldwide businesses in requirements growth and assist utilities, regulators and the Business in know-how choice, coaching and capability constructing.
SOURCE India Sensible Grid Discussion board