Power Ledger makes blockchain software for peer-to-peer power trading and tracking energy supply sources. It was one of six companies to win an innovation competition held by Alperia.
A trial has been underway since January to incorporate Power Ledgerโs technology into smart meters at test sites for evaluation.
In a statement, Power Ledger told Power Technology: โAt this stage, the Italy project will test Power Ledgerโs full suite of products at Alperiaโs headquarters in South Tyrol.
โAt the end of this, the results will be used to shape additional service offerings to Alperiaโs 280,000 customers that could include peer-to-peer trading, virtual power plants and renewable energy certificate trading.โ
Software allows users to track the source of their energy and sets prices based on demand and supply. National feed-in tariffs in Italy ended in 2013, leaving solar owners with limited options to sell excess power.
Power Ledger said: โPower Ledger has been running a number of projects around the world involving energy trading, as well as tracking renewable energy certificates.
โThe contract with Alperia has the potential to be one of the largest commercial rollouts of Power Ledgerโs technology to the mass market.โ
The company is also working a โvirtual power plantโ in South Australia, allowing users with solar generation and power storage to pool their energy and sell it to the grid during peak hours.
Power Ledger was one of six winners of the Alperia Start-up Factory Innovation Camp. The competition searched for innovations in energy sharing, stakeholder engagement, district heating, intelligent infrastructure and smart mobility as a service.
Co-founder and executive Dr Jemma Green said: โOur 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.โ