Indian power distribution provider Tata Power-DDL and Australian blockchain company Power Ledger will initiate a peer-to-peer (P2P) solar energy trading pilot in Delhi where the power company serves seven million customers. The initiative is in collaboration with India Smart Grid Forum (ISGF) and will be the first of its kind in the Indian capital.
One issue encountered when shifting away from fossil fuels towards renewable energy sources is an imbalance between the supply and demand of energy. India is rapidly shifting towards renewable energy sources, of which 100GW will come from solar energy. Of those, 40% are predicted to be generated through rooftop panels, where the supply is weather dependent and the residential demand is very irregular from day to day. As such, it is essential to establish a sustainable system to address imbalances of supply and demand of energy in households and commercial buildings.
P2P platforms help by facilitating the trade of renewable energy between consumers and prosumers. In this pilot, the prosumers are Tata Power-DDL customers who own solar panels. But to really balance demand and supply, it helps to store excess energy. Hence Battery Energy Storage Systems will be integrated via the grid as well as electric vehicle (EV) charging systems.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
