PowerClubhas partnered with Natural Solar, the Solar Panel Provider, and Sonnen, theworld's largest solar battery manufacturer Sonnen and solar panelprovider. Power club is the Power Ledgerand wholesale energy retailer. Thispartnership is focused on bringing greater savings to Australia.
Power Ledger (POWR) tweeted: “We’ve formed an energy collective to launch our blockchain-enabled VPP product in Australia, in which participants will use self-produced solar energy, and be able to sell it to others. Do you live in South Australia? Express your interest here.”
South Australia is a renewable energy leaderwhen compared to the states who are committed to renewables. South Australia is looking towards becoming anet RE exporter with its 5000MW of planned RE projects.
Sydney Ifergan, the Crypto Expert Tweeted: “Over the next ten years, South Australia is planning to achieve 100% renewables as its chief goal. Power Ledger (POWR) facilitates the technology to streamline this goal using blockchain technology.”
FurtherPower Ledger tweeted: “Power Ledger is expanding its Indian engagement at @Austrade's Australia-India Business Exchange 2020 #AIBX.We're opening opportunities, connecting with large Indian businesses andrelevant stakeholders at the highest levels to scale in one of thefastest-growing economies."
Power Ledger (POWR) is based on VPP, which is a virtual network ofhome solar and battery storage systems. These systems are connected using a cloud-based software which managesthe flow of clean electricity to improve revenue.
VPP technology is designed in a way to export excess solar energywhen the wholesale market price for electricity goes up. Thus, those who have invested in solar plantsget the highest return on investment.
Households and businesses that operate VPP will be able to sellthe electricity they have stored; this will be able to help them make profits.Under certain conditions, investors get premium prices.
The Power Ledger (POWR) VPP platform is designed to monitor theenergy market, thus setting price alerts for when prices go up. When the demand for power goes high, theretailers will be able to draw power from the VPP automatically. The households will be able to makeadditional income from the excess solar energy stored in the battery.
The members of the PowerClub will be able to gain access to thePower Ledger Technology, and through this, they will gain access to homebattery systems. Thus, homeowners willbe able to pay back on their investment in solar battery storage nearly fouryears faster.
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