HYDERABAD: Metropolis-based enterprise expertise companies supplier, Abjayon has partnered with India Good Grid Discussion board (ISGF) as a system integration associate for its pilot project for peer to see (P2P) buying and selling of rooftop solar power utilizing blockchain technology.
Uttar Pradesh just lately launched India and South-Asia’s first blockchain-enabled P2P buying and selling of rooftop solar energy. Uttar Pradesh Energy Company (UPPCL), Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) and Uttar Pradesh New and Renewable Vitality Growth Company (UPNEDA) host first of its variety pilot mission involving vitality generated from photo voltaic rooftop methods put in on buildings in Lucknow.
In accordance with a press launch issued by Abjayon, the mission is being carried out by ISGF together with blockchain expertise associate Energy Ledger, Australia and Abjayon who supported the combination of blockchain platform with UPPCL’s billing system.
“This pilot mission will reveal the feasibility of rooftop photo voltaic vitality 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, observe vitality buying and selling in actual time and allow the settlement of surplus photo voltaic vitality transactions,” mentioned Reji Kumar Pillai, ISGF president.
Talking on the event, Rohit Pareek, Abjayon vp mentioned — “Utilizing this platform, prosumers can promote their extra vitality to neighbours and in addition the vitality doesn’t need to be transported from centrally positioned energy crops which drastically reduces electrical energy transmission prices for discoms making the entire enterprise operations very a lot viable.”
Uttar Pradesh just lately launched India and South-Asia’s first blockchain-enabled P2P buying and selling of rooftop solar energy. Uttar Pradesh Energy Company (UPPCL), Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) and Uttar Pradesh New and Renewable Vitality Growth Company (UPNEDA) host first of its variety pilot mission involving vitality generated from photo voltaic rooftop methods put in on buildings in Lucknow.
In accordance with a press launch issued by Abjayon, the mission is being carried out by ISGF together with blockchain expertise associate Energy Ledger, Australia and Abjayon who supported the combination of blockchain platform with UPPCL’s billing system.
“This pilot mission will reveal the feasibility of rooftop photo voltaic vitality 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, observe vitality buying and selling in actual time and allow the settlement of surplus photo voltaic vitality transactions,” mentioned Reji Kumar Pillai, ISGF president.
Talking on the event, Rohit Pareek, Abjayon vp mentioned — “Utilizing this platform, prosumers can promote their extra vitality to neighbours and in addition the vitality doesn’t need to be transported from centrally positioned energy crops which drastically reduces electrical energy transmission prices for discoms making the entire enterprise operations very a lot viable.”
