xGrid – Power Ledger deploys peer-to-peer renewable trading platform
Power Ledger has announced the deployment of its peer-to-peer (P2P) renewable energy trading platform into the US.
American PowerNet’s headquarters in Pennsylvania will use the xGrid platform to trade 35kW of solar power – garnered from both its office roof and carport – with neighbours connected in its office park to optimise clean energy for both carbon reductions and decreased electricity costs.
The deployment furthers the leader in decentralised, energy trading platforms, and winners of Richard Branson’s 2018 Extreme Tech Challenge’s goal of enabling a decentralised energy structure that allows regular people to actively participate in the growth of the industry and be accountable for the impact of energy on the environment.
The xGrid deployment is the latest U.S. project from Power Ledger and marks the introduction of its innovative P2P energy trading technology into the Pennsylvania-New Jersey-Maryland Interconnection (PJM), the largest U.S. wholesale electricity market. The deal was made through Power Ledger’s partnership with Clean Energy Blockchain Network (CEBN), who will provide local, hands-on technical assistance with the deployment. Past projects from this partnership include deployments with Silicon Valley Power in Santa Clara, Calif., and Northwestern University in Chicago.
American PowerNet plans to commence the deployment this month under the existing deregulation rules with the cooperation of the local utility PPL, utilising its existing distribution system and connecting the solar assets by utilising platform data from pre-existing meters without the need for additional hardware, software or engineering fees.
This American PowerNet deployment comes on the heels of Power Ledger’s recent announcement around its Asset Germination Event (AGE) token, a blockchain-based token that is designed to open up the renewable energy market to retail investors. The AGE token will also open new sources of capital for energy projects and uses blockchain technology to maintain a secure asset and income register, with a view toward developing renewable energy infrastructure across the world.
Scott Helm, President of American PowerNet said: “Rather than just dump our excess solar power on to the grid, we’re thrilled we can now provide clean, sustainable power to our neighbours. Power Ledger’s P2P platform will optimize the offering for all of the participants. This type of structure can benefit all parties involved,” Helm stated, “and can be recreated in any deregulated territory where a business site has excess solar generation.”
Power Ledger Managing Director and Co-Founder David Martin said: “We believe the Pennsylvania-New Jersey-Maryland Interconnection is a key market where P2P can become mainstream, and this project illustrates the growing consumer desire to invest in clean, renewable energy. We are appreciative of CEBN for the opportunity to work with American PowerNet, a pioneer in helping customers cut costs and carbon, and a company aiding us in our mission to democratise energy, and provide cheaper, cleaner power.”
HyNet North West and InterGen to build Zero Carbon plant
Expected to begin in the mid-2020s, the partnership could reduce the CO2 emissions from the Runcorn power station by over 150,000 tonnes each year, the equivalent of taking 60,000 cars off the road every year.
Situated across one of the UK’s largest industrial areas which supports the highest number of manufacturing jobs of any UK region, HyNet North West will bring clean growth to safeguard jobs, and create thousands of new employment opportunities.
Following a commitment of £72 million in funding, HyNet North West will transform the North West into the world’s first low carbon industrial cluster, playing a critical role in the UK’s transition to ‘net zero’ greenhouse gas emissions by 2050 and the global fight against climate change.
HyNet North West will begin decarbonising the North West and North Wales region from 2025, replacing fossil fuels currently used for electricity generation, industry, heating homes and transportation with clean hydrogen. The project will also capture and lock up carbon which is currently emitted into the atmosphere.
It anticipates that by 2028, Rocksavage will have enough hydrogen produced by HyNet to move towards a 100% net zero power generation power station as the Gas Turbine technology becomes available.
InterGen’s Rocksavage Plant Manager Dan Fosberg said Rocksavage has been safely generating energy to power the north west for nearly 25 years, but in order to meet the UK’s net zero targets, traditional generation needs to adapt.
"HyNet North West will allow us to pivot our operations as we transition to a low-carbon world. The proximity of the Rocksavage Power Plant to the HyNet North West hydrogen network provides us with an exciting and unique opportunity," he said.
As soon as the first stage of the hydrogen network is available at Runcorn, InterGen intends to modify the existing generating plant to consume a blend of hydrogen with natural gas and start to reduce our emissions.
The HyNet North West project milestones mean that Rocksavage could be the first plant in the UK to blend Hydrogen with natural gas, a step forward for the industry in the target for net-zero. Once the gas turbine technology becomes available, it will explore options with HyNet North West to create a zero emissions power station using 100% hydrogen.
The project will play a big part in supporting Liverpool City Region in its commitment to reach zero carbon by 2040 and accelerate the UK’s transition to net zero by 2050.
Steve Rotheram, Metro Mayor of Liverpool City Region, said: “Putting the Liverpool City Region at the heart of the Green Industrial Revolution is one of my top priorities. With our existing strengths in green energy, we have the potential to become the UK’s renewable energy coast.
“I am committed to doubling the number of green jobs in our region and exciting projects like HyNet will be a key part of that. We’re going to lead the way, not only in doing our bit to tackle climate change, but in pioneering new and innovative technology that in turn attracts more jobs and investment to our region.”
David Parkin, HyNet North West Project Director, said HyNet North West will play a big part in tackling climate change regionally. "It will ensure the region remains an attractive location for investment and for companies to grow through the establishment of a clean economy, protection of skilled jobs and creation of thousands of new long-term employment opportunities.
“Our partnership with InterGen at Rocksavage shows just how great an impact HyNet will have on the region – decarbonising homes, workplaces, travel and industry.”
HyNet North West is a low carbon energy project at the forefront of the UK’s journey to a Net Zero future, being developed by a consortium comprising Progressive Energy, Cadent, Essar, Inovyn, Eni, University of Chester, CF Fertilisers and Hanson.