Home » BUSINESS » BSES launches blockchain tech platform for power Trading
BUSINESS

BSES launches blockchain tech platform for power Trading

BSES

New Delhi: In a major environment-friendly digital initiative, Delhi electricity distribution company (discom) BSES on Wednesday announced that BSES Rajdhani Power Ltd (BRPL) has partnered Australias Power Ledger, a global leader in blockchain technology, to launch consumer-to-consumer (peer-to-peer or P2P) solar power trading on a trial basis.

A BSES statement said that Power Ledger’s blockchain-based platform can enable consumers even without rooftop solar, to trade power between themselves. According to the company, BRPL has, thus, become India’s first discom to use a blockchain-based platform for P2P solar trading. “A feasibility study has been successfully undertaken. The offering will rolled-out, once the regulatory approvals are in place,” it said.

“The pilot project will initially be carried-out amidst the existing and select group of a gated community (CGHS) solar consumers in Dwarka who generate around 5-6 MW of solar power. These consumers will be able to trade solar power their neighboring apartments and buildings using this platform rather than letting it spill-back to the grid.”

Consumers with rooftop solar infrastructure can sell their excess solar energy to their neighbours even if they don’t have rooftop solar, using the energy trading platform. (IANS)

Also Read: BSES Launches Rooftop Solar Initiative Phase 2 in Delhi

Also Watch: India’s First PM Jawaharlal Nehru’s 130th Birth Anniversary observed