Power Ledger Extend Solar Trading Trial

Western Australian based tech company Power Ledger have extended their solar trading trial – let’s take a look at what stage 2 of the company’s p2p renewable trading scheme will encompass.

Solar Trading and Power Ledger

Power Ledger’s blockchain technology has been used since November 2018 to track the transactions of rooftop solar energy traded between 18 households in Fremantle, Western Australia.

The Fremantle Smart Cities project was titled RENeW Nexus and its goal was to demonstrate peer-to-peer energy trading between residential houses. 

Project partners included Curtin University, government-owned retailer Synergy, Western Power, the government-owned network operator, and the City of Fremantle itself.

The trial works by utilising Western Power’s existing network with Synergy’s customers. The Power Ledger platform allows households to buy and sell excess rooftop solar energy in real-time, with residents able to view electricity usage in 30-minute intervals, rather than waiting for their quarterly bill.

Since the trial started in November 2018, Power Ledger has processed almost 50,000 transactions on its platform per month and tracked over 4 megawatt hours of peer-to-peer renewable energy trades. Safe to say it’s been a roaring success, so they’re off to start the second phase of their trial. 

Power Ledger are also working outside of Australia in varied capacity:

  • Silicon Valley Power in the City of Santa Clara alongside Clean Energy Blockchain Network
  • BCPG T77 Thailand
  • Kansai Electric Power Co. (Phase 1)
  • Vicinity Castle Plaza

Saving With Solar Interview with Power Ledger

We had a chat to Power Ledger about the exciting second phase of their renewable energy trading scheme

With ~50k transactions per month currently, what’s the target for 2020?
Power Ledger intends to double the number of participants in the second phase of the trial.

How many trial partners will be involved in stage 2?
In the second phase of the trial we continued to partner with Synergy, Western Power, Curtin University and EnergyOS 
 
Any info on the ‘additional pricing models’ in stage 2? 
The pricing model for stage 2 is similar to stage 1, with some minor tweaks. The partners will be organising workshops and surveying participant to learn more about pricing models. 
 
How much of the trading is automated so the prosumers don’t have to do much?
All the trading is automated. in this deployment however, participants have the option to set their preferred buy and sell prices for peer to peer energy. They can be as active as optimising their prices and trading on a half hourly basis. Alternatively they could go in the platform and set and forget their prices they are happy with.

VPP 2.0 (Virtual Power Plants 2.0)

According to a roadmap for Power Ledger released on Medium last year, the goal is to enact VPP 2.00 – which will allow a lot of options for households who want to trade solar. It also factors in ideas for a two-way electricity grid and options for households to assist the grid – be that through capacity, frequency control, or voltage support.  

We see VPP 2.0, or Virtual Power Plants 2.0, as a natural extension of our peer-to-peer functionality, tying all our other products together. xGrid will evolve into an optimized model of a virtual power plant, to create a conduit for the transaction of value between the owners of distributed energy resources and multiple counterparties.

Self-executing smart contracts will integrate with physical switches in the network, creating an autonomous power market with secure value transfer between consumers, energy markets and networks. For example, a household with solar may normally be trading energy in a P2P market, until they are offered a higher rate by the network to provide capacity, frequency control, or voltage support.

Power Ledger extend Solar Trading Trial to Stage 2. (source: Power Ledger)
Power Ledger extend Solar Trading Trial to Stage 2. (source: Power Ledger)
 
 

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Solar Homes policy – NSW Solar grant

Solar Homes policy – the NSW Labor party have announced a huge solar rebate they will implement if they win the upcoming state election. Let’s learn more about how many households could be helped and what the particulars of the scheme are. 

Solar Homes policy

Michael Daley - Solar Homes Policy (source: michaeldaley.com.au)
Labor leader Michael Daley – announcing the Solar Homes Policy (source: michaeldaley.com.au)

The Solar Homes policy was announced by NSW Labor leader Michael Daley on his official website this week:

“This program will take NSW to over a million solar homes. Based on current take up rates for household solar, the program could help add solar to an additional 1 million homes over the next decade.” the website states. Further reading into the document shows that 500,000 households will benefit from the solar scheme. 

Under the Solar Homes policy, owner-occupied households in New South Wales are eligible for a rebate of up to $2,200, as long as their combined annual income is less than $180,000. 

Deputy Leader and Shadow Environment Minister Penny Sharpe said, “Under this plan, everyone wins. Families get help with their electricity bills and we are taking real action on climate change and giving NSW a cleaner, greener future.”

NSW Labor’s Leader in the Legislative Council and Shadow Minister for Energy and Climate Change, Adam Searle said, “Solar Homes is just one aspect of Labor’s plan for cheaper and cleaner energy across NSW. Our policies will cut both electricity bills and carbon emissions. We look forward to providing more in the lead up to the election.”

If Labor do win the state election (which will be held on March 23) and the Solar Homes policy goes ahead, it will commence in the 19-20 financial year (“to ensure an orderly rollout”), and follow other states with their own initiatives:

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Dunsborough Community Energy Project – Virtual Power Plant

The  Dunsborough Community Energy Project is currently offering no upfront cost solar in Western Australia – all for the flat fee of $35/week – inviting south-west Western Australia residents to join their 6.5MW virtual power plant. 

Dunsborough Community Energy Project

Dunsborough Community Energy Project
Dunsborough Community Energy Project (source: dunsboroughcommunityenergyproject.com.au/)

This Dunsborough Community Energy Project has been established as a joint effort between Perth-based company Redback Energy, investment outfit SUSI Partners and Perth law firm Jackson Macdonald. It already has over 60 signups to their virtual power plant and hope to reach 1000 by the end of the year. The goal of their project is to allow all members to be 90% renewable inside their homes. It’s a realistic goal, and they have partnered with some fantastic companies to deliver a really powerful product offering:

According to a post on RenewEconomy, people who sign up to the Dunsborough Community Energy Project will receive:

  • 7kW of solar PV (Suntech panels)
  • Redback 5.5 KVA inverter
  • 9.6kWh Pylontech (LiFePo4) batteries

The community’s goal is to reach 1,000+ Redback solar and battery storage systems in the area (Dunsborough and Yallingup). Over the 10-20 year lifespan of the project ‘additional income and dividends’ are expected to raise up to $8m which can then be spent on lowering energy costs further or giving back to local community projects. 

The official website states that Redback Energy will give $250 towards a ‘community fund’ for each system sold. This fund will then be distributed “…to fund local community projects in schools, sporting clubs and or other projects such as a Dunsborough community pool.” A great idea and fantastic to see Redback supporting the local economy in more ways than one!

Click here to view the official website of the project and learn more about it. 

You can also learn more about Virtual Power Plants or Community Solar across Australia by clicking!

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Tesla Virtual Power Plant in SA

A Tesla Virtual Power Plant will be built in South Australia, comprising of 50,000 home solar and battery systems state-wide. The deal between the South Australian Government and Elon Musk’s Tesla was announced last week by Premier Jay Weatherill ahead of the SA March state election. 

The SA government have pledged to do their part in the implementation of the virtual power plant scheme with a $2 million grant and a $30 million loan from the state Renewable Technology Fund.

Tesla Virtual Power Plant

According to Premier Weatherill, a trial of the scheme has already begun in Housing Trust properties, with 100 properties to receive their systems by EOFY (June 30), and another 1,000 in FY 18/19. After the trial is complete another 24,000 Housing Trust properties will receive the systems. 

Since there’s no word yet on the Tesla Powerwall 3 release date, they’ll use the Powerwall 2 batteries which have a 13.5kWh size. 5kW solar arrays will also be used for the 50,000 homes included in the virtual power plant. No word yet on the specifics of the solar panels the arrays will consist of but we’ll bring you that information as it becomes available.

Tesla Virtual Power Plant - Powerwall 2 Solar Battery
Tesla Virtual Power Plant – Powerwall 2 Solar Battery (source: tesla.com)

A statement from Tesla was released: 

“When the South Australian Government invited submissions for innovation in renewables and storage, Tesla’s proposal to create a virtual power plant with 250 megawatts of solar energy and 650 megawatt hours of battery storage was successful. A virtual power plant utilises Tesla Powerwall batteries to store energy collectively from thousands of homes with solar panels. At key moments, the virtual power plant could provide as much capacity as a large gas turbine or coal power plant.”

Danny Price of Frontier Economics discussed the program with the ABC:

“The biggest saving for consumers is that they don’t have to pay for as much network cost to deliver power to them because they’re generating their own power,” Price said.

Zoe Bettison, the Minister for Social Housing, discussed the reason they are installing these solar + storage systems in Housing Trust properties:

“We know that people in social housing can often struggle meeting their everyday needs and this initiative will take some pressure off their household budget,” she said.

A mammoth deal and step forward for South Australian solar – we’ll bring you more information as it becomes available!

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