Power Ledger, a blockchain energy trading startup, has
announced that it has agreed a partnership with E-NEXT, a subsidiary of Austrian utility company Energie Steiermark.
The project will initially involve ten solar-paneled households in Graz, Austria. These will be able to use Power Ledger’s peer-to-peer trading platform to sell excess solar energy to one another.
As a Smart City, Graz is pushing towards having zero carbon emissions by 2050. One of the core focuses of Smart Cities is enabling surplus renewable energy produced by one building to be shared with other buildings that may not have produced enough.
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