California primarily based enterprise know-how companies supplier, Abjayon Inc has introduced its partnership with ISGF (India Good Grid Discussion board) to help the combination of blockchain platform with UPPCL’s billing system.
Uttar Pradesh has launched India and South-Asia’s first blockchain-enabled Peer to Peer (P2P) Buying and selling of Rooftop Photo voltaic Energy. 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 undertaking involving vitality generated from photo voltaic rooftop techniques put in on buildings in Lucknow.
The undertaking is being carried out by India Good Grid Discussion board (ISGF) together with blockchain know-how companion Energy Ledger, Australia and Abjayon Inc who supported the combination of blockchain platform with UPPCL’s billing system.
“This pilot undertaking will display the feasibility of rooftop photo voltaic vitality buying and selling by good contracts on the blockchain platform between prosumers with their neighbouring households. Energy Ledger’s platform integrates the transaction knowledge from the good meters to allow households to set costs, monitor vitality buying and selling in actual time and allow the settlement of surplus photo voltaic vitality transactions,” ISGF President, Reji Kumar Pillai stated.
Talking on the event, Rohit Pareek, Vice President, Abjayon Inc says, “Peer to see vitality buying and selling may be very a lot required significantly in counties like India, because it solutions many questions and challenges of Indian discoms. Utilizing this platform, prosumers can promote their extra vitality to neighbours and likewise the vitality doesnt need to be transported from centrally positioned energy vegetation which drastically reduces electrical energy transmission prices for discoms making the entire enterprise operations very a lot viable. There are only a few such pilots operating the world over and none in South Asia to date. We’re extraordinarily proud to be the system integration companion on this pilot that paves the way in which for all discoms in India.”
Abjayon Inc., helmed by ex-leaders from Oracle Utilities, is concentrated on serving to utilities to efficiently implement your entire Oracle Utilities product suite. Its deep understanding and experience within the area has enabled Abjayon to ship extremely modernized and transformative options to enterprises in varied components of the world.