Peer to Peer Solar Trading on Blockchain in Uttar Pradesh
- Original Title: Peer to Peer Solar Trading on Blockchain in Uttar Pradesh
- Year: 2021
- Award: World Summit Award
- Category: Environment & Green Energy
- Producer: Dr Jemma Green, John Bulich, Vinod Tiwari and India Smart Grid Forum
- Country: Australia
- URL: www.powerledger.io
In peer- to-peer (P2P) energy trading, individuals generate energy from rooftop solar (RTPV) and share the excess energy (after self-consumption) with other consumers, at a price agreed between prosumer and consumer.
Powerledger´s blockchain allowed these transactions to take place on the P2P platform and stored these transactions automatically in encrypted format without the involvement of any third party or energy exchange thereby improving the transparency and reliability of the data and reducing the transaction cost.