TERI, India develops blockchain-enabled prototype for solar power trading

The Energy and Resources Institute (TERI), India has developed a blockchain-powered platform to facilitate peer-to-peer transactions of solar energy among consumers in the same neighbourhood. Developed in partnership with Noida-based blockchain and IoT start-up Sofocle Technologies Limited, the platform uses blockchain technology to ensure security, transparency and efficiency in the transactions that will take place among consumers.

The platform—developed as a prototype for enabling a peer-to-peer transactional control—allows electricity consumers such as residential premises, malls, schools, or even small and medium enterprises to trade local power generation from rooftop solar plants among themselves.

 

Source : http://www.indiasmartgrid.org/viewnews.php?id=4296


This entry was posted in : Smart Energy

latest updates

latest events



The Global Smart Energy Federation (GSEF) is a global stakeholder organization committed to creating smarter, cleaner electrical systems around the world.

TWITTER POSTS


Talking in workshop on Digital Technologies for efficient management and grid integration of Distribution Solar PV Systems pic.twitter.com/r5Jfk9EK0c — Raj Pratap Singh (@RajPratapSingh) July 26, 2023

LINKEDIN PROFILE


The Global Smart Energy Federation (GSEF) is a global stakeholder organization committed to creating smarter, cleaner electrical systems around the world. GSEF is comprised of national smart grid organizations from fifteen countries and the European Union..

Event Calendar

Copyright © 2017. All Rights Reserved