Australia’s Power Ledger to bring P2P Energy Trading to Austria

- Power Ledger partners with E-NEXT to make renewable energy peer-to-peer trading available in Austria for the first time. - Initial phase of the project to involve 10 households, with potential to expand to more customers.

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Australian Energy trading company Power Ledger has partnered with a subsidiary of one of Austria’s top five largest energy utilities Energie Steiermark, to deploy a peer-to-peer (P2P) energy trading network in and around Graz.

E-NEXT i with the NEXT-Incubator, the innovation arm of Energie Steiermark, will make Power Ledger’s energy trading platform available to an initial 10 Graz households, enabling those with rooftop solar panels to sell excess renewable energy to their neighbors.

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Graz is home to Austria’s Smart City flagship project, which involves exploring new energy technologies to meet zero emission and carbon neutral targets by 2050.

“Power Ledger’s technology will help drive the city’s transition towards a zero-carbon energy future, while also giving Graz residents a monetary incentive to use renewable energy,” said Power Ledger Co-founder and Director David Martin.

As a blockchain-backed platform, the project will ensure data is anonymous, complying with the European Union’s strict privacy requirements as outlined in the GDPR legislation.

“Power Ledger’s partnership with E-NEXT breaks new ground, not just in the transition to a cleaner energy future but also in the way blockchain technology can be integrated into existing legislative regimes through the adoption of innovative business processes,” added Martin.

Following the initial deployment and validation phase, the project has the potential to expand to more households in Graz and across Austria’s energy network.

“Blockchain technology has the potential to disrupt a lot of markets – but as an innovation, we also think it offers new business opportunities and the chance to generate added value for our customers,” said E-NEXT project partner and innovation manager Mathias Schaffer.

Power Ledger’s blockchain-enabled energy trading platform is currently being trialed in several places across Australia as well as in Thailand, Japan, and the United States.

Power Ledger is an Australian technology company that has developed a blockchain-enabled renewable energy trading platform. Power Ledger’s technology won Sir Richard Branson’s global Extreme Tech Challenge award and co-founder Dr. Jemma Green is a finalist in the EY World Entrepreneur Of The Year awards. The company has built a series of products to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets.

E-NEXT is a subsidiary of the Austrian power utility Energie Steiermark AG who developed the NEXT-Incubator. It is a tool to not only search for new technologies & solutions but to be able to place them within the corporate in the form of pilot projects, cooperations and in some cases investments. Its parent company Energie Steiermark AG believes in stability, continuity and enjoys a decades-long success story, with a strong drive towards innovation. E-NEXT is currently partnering with Plug and Play in Silicon Valley to push innovation even further.

 

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

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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