Power Ledger introduces new product for management of solar assets
- Power Ledger has acquired a photovoltaic power plant in Western Australia with a capacity of 250 kilowatts, where it will implement its new product – PPA Vision. The system allows managing and settling energy transactions to make them more transparent.
Australia’s p2p energy trading company is launching its new product at a Maddington-based solar plant. The new tracking system is called PPA Vision and is meant for rooftop-mounted PV modules and cross grid power purchase agreement supply arrangements.
The software will allow the 250-kilowatt Western Australian solar array to autonomously manage electricity consumption and generation according to a twenty-year agreement. The blockchain-based system will monitor the power generated, consumed, imported from and exported to electric grid. Such a continuous tracking will help avoid mistakes in calculating revenues. Beside PPA Vision, the environmental attributes product by PL will be utilized at the WA’s solar plant. The product is designed for automated issuance of LGCs and tokenization of them.
PPA Vision is extremely flexible, it allows customization to correspond to governmental and local requirements. Municipal authorities or companies, concluding an agreement with green power generators, will be allowed for direct integration with the platform.
As for power purchase agreements that operate across network, partnership with power retailers will be required. As well, the solution is accessible for integration with a non-utility generator, asset developer, solar plant owner, or embedded electricity network operator.
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