June 20 (Renewables Now) - Australian firm Power Ledger said Tuesday it will deploy its peer-to-peer (P2P) energy trading platform in Graz, Austria in partnership with local energy utility Energie Steiermark AG.
Graz is part of Austria's Smart flagship project, which tests new energy technologies towards meeting zero emission and carbon neutral targets by 2050.
With the help of Energie Steiermark’s innovation platform -- NEXT-Incubator, Power Ledger will build a blockchain-backed energy trading network at 10 households to allow those owning rooftop solar systems to sell clean power to their neighbours. After the initial deployment and validation phase, the project could be expanded to more households in Graz and in other parts of Austria.
Power Ledger said trials of its energy trading platform are underway in Australia, Japan, Thailand and the US.