Australian energy technology company Power Ledger has secured a contract with Italian renewable energy supplier Alperia, having won a start-up innovation award.
Power Ledger’s technology will be used to explore new services for Alperia’s commercial and residential customers, such as energy trading, origin tracking, measurement and verification as well as reporting of renewable energy certificates.
Power Ledger’s technology will be integrated into smart meters at Alperia dedicated test sites initially to identify and calculate benefits of the product suite for its customers.
Power Ledger co-founder and executive chairman Jemma Green (pictured) said: “Italy has been leading the adoption of renewable energy globally and is one of eight EU members to commit to phasing out coal by 2030.
“Leveraging Alperia’s customer base, Power Ledger’s technology will help demonstrate how the country can rapidly progress its green energy targets.”
In 2013, feed-in-tariffs for solar in Italy ended leaving consumers with limited options to monetise surplus solar output, with volatile retailer prices also impacting the predictability of cash flow.
“Our technology has already been proven as an effective solution for transacting renewable energy trading and virtual power plants, processing transactions instantaneously as a digital ledger, with price determined by supply and demand in real-time,” said Green.
“Power Ledger’s peer-to-peer trading technology could put our customers in the driver’s seat angive them the possibility to not only protect their investment but maximize their contribution to a carbon-free future,” added Alperia innovation manager and project lead Anna Lena Horter.
The trial is expected to run from January until May 2020, with potential for extension and provide Power Ledger’s platform offering to Alperia’s customers at scale.