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Australia creates digital marketplace for solar energy

Australia creates digital marketplace for solar energy

Australia is changing the game for private homeowners who use solar power.

About 16 percent of the renewable energy generated in Australia is from rooftop solar panels, and this is expected to increase to up to 50 percent. The Decentralised Energy Exchange launched last week, and its creation means homeowners with solar panels could trade their home-grown electricity in a digital marketplace.

According to The Guardian, the CEO of GreenSync – a start-up partner of The Decentralised Energy Exchange – Phil Blythe, said: “The update of rooftop solar is one of the highest in the world per capita in Australia – around 1.6 million rooftops are being fitted with solar – and it’s being rapidly followed by battery storage.

“If we’re going to have customers that can participate in a grid, then they need to get paid for their participation. We needed… a new way of thinking about how these decentralised grids are going to work and fundamentally, how do we do that cost-efficiently.”

When combined, those 1.6 million solar panelled rooftops prove a significant resource, and that’s something which should be harnessed, said Blythe.

“If we talk about the need for a blackout this year or next, there’s no way we can go and build a power plant in that time. We need to think about how to use the smarts to harness those assets and bring them together and advertise these contracts that can be fulfilled in three to six months at the longest, and respond to heatwaves or sudden climate events.”

This move could prove vital for Australia’s renewability goals.

 

Read the January 2017 issue of Energy Digital magazine

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