Greg Morrison, a professor at project sponsor Curtin University, said that the team will build a “smart metering, battery storage and blockchain trading system to allow energy and water efficiencies between critical dispersed infrastructures that would otherwise have required physical co-location.”
As part of the project, the city of Fremantle will oversee the construction of a 5 MW solar installation. Power Ledger, an energy application specialist, will supply a platform that will serve as a transactional layer for the solar arrays and the ownership model for a community-owned battery. The Perth-based company — which provides peer-to-peer marketplace for renewable energy using blockchain technology — said the project will start within the next two months.
“We’re excited to break ground on this truly novel project that utilizes blockchain technology to orchestrate sustainable assets,” said Dr. Jemma Green, co-founder and chairperson of Power Ledger.
The project partners — including Curtin University, Murdoch University, Cisco and CSIRO/Data61 — aim to demonstrate the interconnected infrastructure of future smart cities by testing the use of blockchain technology and data analytics in conjunction with distributed energy and water systems. About A$5.68 million of the total investment will come from them, as well as additional partners such as LandCorp.
Curtin University will manage the project. CSIRO and Data61 will provide statistical forecasting and systems modelling, as well as megatrend and risk analysis services, according to an online statement.