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PROJECT PROFILE
Greenwood Solutions, Australia
Props Received:
308
Followers:
3810
Key Project Players and Roles
| Company | Technology Provider | Advisor | End User | Other | |
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Power Ledger
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Project Details
Project Country:
Australia
Project Phase:
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Project Status:
--
Key Dates
Date Announced:
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Date Launched:
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Project End Date:
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Project Description
What does the project do and how does it work?
This project looks to connect distributed generation systems in strata units via Power Ledger’s peer-to-peer energy trading platform. Once implemented, consumers within the network will be able to buy and sell renewable energy behind the meter directly between one another.
Who is involved in the project and why?
Power Ledger, a blockchain technology solutions provider, looks to find new areas to deploy their peer to peer energy trading platforms. To support these deployment efforts, they are collaborating with Greenwood Solutions, an energy services company. Greenwood Solutions offers a diverse set of solutions, including energy efficiency, distributed generation, and other energy solutions. Together, the two companies are looking to find new ways to increase distributed generation by creating new options to monetize installed systems
Where is the project located and what is the size of the region of impact?
Power Ledger and Greenwood Solutions are deploying this project in Burwood, Melbourne, Victoria.
What are the value propositions associated with this project?
This project seeks to lower costs for distributed energy systems and off-set power bills by allowing customers to monetize excess energy generation. This excess generation is ideally sold to third parties within the network during times of high-output and low consumption.
What is the problem statement that is being addressed with this project?
Blockchain’s decentralized digital ledger technology serves as a transactional foundation for energy transaction occurring in its deployments.
Industry Applications
Innovative Technologies Incorporated in the Project
IN THE NEWS
Articles about
Greenwood Solutions, Australia
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ADDITIONAL PROJECTS
Power Ledger
Project Associations
Project Name
Project Roles
Project Phase
Project Status
Date Announced
Date Launched
Project Location
Financial Partner
Pilot
Active & Operating
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United States
Advisor
Pilot
Active & Operating
May 1, 2018
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United States