The Australian government announced today that they would be providing $2.57 million of funding to a project running on the Power Ledger platform. The project will also receive an additional $5.68 million in funding from various partners, taking the total capital available to over $8 million.
The project will be investigating the possibility of using blockchain technology to integrate distributed energy and water systems into Australian cities. The project will be backed by AEMO, Western Power, and Low Carbon Living CRC.
The trial aims to connect the following low-cost systems using blockchain tech:
- a PV plant
- solar panels
- a battery
- an EV charge station
- water systems
The project is due to begin within the next two months and will last for approximately two years. A successful outcome will be a great illustration of the endless possibilities and use cases for blockchain.
For further reading, see the Medium post from Power Ledger published earlier today.