Blockchain Energy Startup to Kick Off Trials in Perth Australia

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A Perth start-up is set to begin trials of its Blockchain-based software program that, if successful, could mean the beginning of peer-to-peer energy trading in Australia, in which consumers buy, sell or swap excess solar electricity directly with each other, rather than to the grid for a minimal return writes Sophie Vorrath at reneweconomy.com.au.

The company, Power Ledger, will begin the trials later this month, which will be conducted in conjunction with National Lifestyle Villages. The eight week trial will involve 10 households and about 20 people at NLV’s Busselton Lifestyle Village, on the Western Power network. Jemma Green – Power Ledger’s chair, who co-founded the company with Dave Martin and Jenny Conroy – says the aim of the pilot project is to enable producers and consumers to trade their energy directly, saving money, hassle and maximising the use of rooftop solar.

“It’s a software program that tracks the movement of electricity from point to point,” Green explained in an interview with One Step Off The Grid on Friday. “It handles the financial transactions off the back of it as well.

“Presently, if you’ve got surplus solar electricity you sell it back for a low feed-in tariff and buy it back (from the grid) for a high rate. Using (Power Ledger), you can sell it to your neighbour at somewhere between the two” – less than the uniform tariff but more than you would get from selling it to their retailer, Green said.

“Effectively, we’re cutting out the middle-man to save consumers, and to maximise returns for producers,” she said.

“It’s a win for the people who have been able to afford to invest in roof-top solar, but also a win for customers who haven’t: they will be able to access clean, renewable energy at effectively a ‘wholesale’ rate. Everyone wins.”

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About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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