Australian company at forefront in developing Blockchain technology

Bloomberg New Energy Finance named Perth-based company Power Ledger as a global leader in the development of “blockchain” technology.

The Australian start-up was named as one of the leading companies to lead the development of the technology that has the potential to “rapidly disrupt” the energy market status quo and accelerate the shift to decentralized generation.

Blockchain is the software that supports Bitcoin, one of the most popular cryptocurrencies (digital currency) in many markets and is now being used to the buying and selling of energy, among other things.

Blockchain technology works to identify the ownership of energy as it is generated and then to manage multiple trading agreements between consumers who buy excess solar off grid power systems, this means consumers can buy directly from the original owner/producer without extra charges from third-party services.

off grid power systems
off grid power systems

Power Ledger chair and co-founder Jemma Green said in an interview with One Step Off The Grid last August, “effectively, we’re cutting out the middle-man to save consumers, and to maximize returns for producers.

“It’s a win for the people who have been able to afford to invest in rooftop solar, but also a win for customers who haven’t: they will be able to access clean, renewable energy at effectively a ‘wholesale’ rate. Everyone wins.”

Blockchain’s potential to “rapidly disrupt traditional energy market structures” cannot be ignored even if most software and business models are currently at a proof-of-concept or trial stage of development.

The BNEF report states that “if Blockchain achieves scale, it is likely that it will be implemented in manners that support current market/regulatory trends, rather than as a disruptive technology in its own right.”

The report also notes that the secret to more rapid success for blockchain start-ups may lie in working with the energy market incumbents, rather than competing against them.

Article Source: https://positive.net.au/australian-company-at-forefront-in-developing-blockchain-technology/

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Roll-Out-Solar-System

Mobile Solar Pvs Can Now Replace Diesel Generators for Disaster Relief and Military Operations

Diesel generators as a temporary power supply for military operations, disaster relief efforts and music festivals could soon be replaced by mobile solar PVs.

An Australian-made innovation, CROSS is a factory assembled, a relocatable solar array that has been developed to reduce the logistics challenges associated with deploying solar PV generators.

Australian Renewable Energy Agency (ARENA) has announced $289,725 in funding for Canberra-based ECLIPS Engineering to design, manufacture and test its rapidly deployable Container Roll Out Solar Panel System (CROSS). This is on behalf of the Australian government.

Designed to fit inside a standard shipping container, the CROSS units can be stacked up to seven units high. The system also come available in 20ft and 40ft configurations, with a maximum output of 2,175W and 4,350W delivered in minutes ready for connection to an off grid inverter.

Solar

The $703,468 total project opens up markets not previously available to the renewables industry, including defense, disaster recovery, humanitarian, construction and temporary network augmentation.

“CROSS units can be deployed in off-grid and fringe-of-grid areas, displace or offset diesel consumption and improve the security of existing networks,” ARENA CEO Ivor Frischknecht said.

“These renewable options can reduce some of the barriers to entry for potential renewable power users in remote locations, including short project durations and where power systems need to be periodically relocated,” Mr. Frischknecht said.

Roll-Out-Solar-SystemRoll-Out-Solar-System

“Renewable energy can provide an emissions-free, silent energy system that could replace diesel generators in the long run.”

Managing Director of ECLIPS Shaun Moore said that the main purpose of CROSS was to improve power self-sufficiency for defense.

“One of our early objectives was to provide rapidly deployable utility-scale PV generators to improve the self-sufficiency of Defence’s deployed forward operating bases. Diesel consumption related to the provision of electricity can account for up to 70% of deployed forces’ fuel usage and is a significant cost driver. More importantly, deploying CROSS to forward operating bases also reduces the frequency of convoys for fuel resupply, which reduces the threat to soldiers in contested environments.

“These same logistics efficiencies and benefits are transferable to commercial and utility customers in remote areas of Australia,” he said.

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