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PROJECT PROFILE
Project Brainstorm, 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:
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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?
Project Brainstorm is a renewable energy systems provider that delivers end to end package for large scale residential and commercial deployments. Currently, Project Brainstorm is looking to enter the distributed renewable energy market place. This project is a strategic partnership between an end-to-end renewable energy systems provider and a blockchain technology firm. This partnership enables prosumers to reduce their energy costs, generate additional revenue, and better payback by selling excess energy to their neighbors. Blockchain technology is used to create an immutable record of generation and consumption, allowing consumers in strata-titled developments to buy and sell among themselves with confidence.
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. Project Brainstorm is a Queensland-based renewable energy system provider. Power Ledger and Project Brainstorm have entered into a strategic partnership for maximizing returns from strata-titled or large scale solar deployments through energy trading.
Where is the project located and what is the size of the region of impact?
Project Brainstorm and Power Ledger have a pipeline of projects in Queensland and northern New South Wales lined up, including a 335kW PV system for an IGA supermarket and shopping center on the Sunshine Coast, a 600 bed Sundale Lifestyle and retirement village Near Noosa with an embedded grid, community battery storage, 2 electric vehicles used as pool cars for the full-time residents. Finally, an agricultural project for 12 sugar cane farmers in Wide Bay/ Burnett region.
How far along is the project and are there relevant project milestones to consider?
"Project Brainstorm and Power Ledger have a pipeline of projects in Queensland and northern New South Wales.
1) a 335kW PV system for an IGA supermarket and shopping center on the Sunshine Coast,
2) a 600-bed Sundale Lifestyle and retirement village Near Noosa with an embedded grid, community battery storage, 2 electric vehicles used as pool cars for the full-time residents.
3) an agricultural project for 12 sugar cane farmers in Wide Bay/ Burnett region."
What are the value propositions associated with this project?
Higher penetration for distributed renewable or clean energy. Further, consumers can manage and trade their energy using blockchain technology
What is the problem statement that is being addressed with this project?
Blockchain provides technology for sharing excess energy from solar rooftops among neighbors in flexible and cost-effective ways.
Industry Applications
Innovative Technologies Incorporated in the Project
IN THE NEWS
Articles about
Project Brainstorm, 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