Blockchain technology has created Australia’s first battery-operated virtual power plant (VPP) in Kurnell, New South Wales.
The VPP, to be completed in September, will see the first homes outside of Europe utilise blockchain technology for power will be completed in a new housing development in September 2018.
This milestone property development will connect 12 homes via their home battery power storage solutions turning these into a VPP, giving the homes the unique ability to share power.
The unique installation completed by Natural Solar will see each home have a 5kWp solar system and an 8kwh sonnenBatterie installed.
This development is the first of its kind in Australia and outside of Europe.
“This technology we have only seen utilised in this exact way in international markets unlocks a huge opportunity for Australians,” Natural Solar CEO and founder Chris Williams said.
“In this instance, it’s not just the ability for homes to share power that is a huge drawcard for developers.
“Costly grid and infrastructure upgrades required to provide power to this development of 12 properties meant an anticipated $250,000 price to ensure the grid could supply adequate power to both the new homes and existing homes.
“The actual installation cost has saved the developer $22,000 from day one, but also offers buyers a tangible asset for their property which will guarantee up to 20 years of $0 power bills and an annual estimated saving of $2500 thanks to their new sonnenBatterie and challenger energy retailer plan sonnenFlat.”
The installation is also expected to save the homes in the development a minimum of $620,000 in power bills within the next two decades.
This development will reduce the volume of power drawn from the grid up to 90 per cent per home, decreasing reliance on the grid.
“Blockchain technology is now being explored around the world when it comes to home energy storage, and this is a trend we are seeing in property developments where this can be added into the infrastructure from the beginning,” Mr Williams said.
“These are the first homes in Australia that connect blockchain technology coupled with battery power to produce a truly unique energy solution.
“There is no doubt we are seeing strong consumer savings when homeowners move to battery power, and this will be a motivator for Australians.”
“In the case of this development in Kurnell, with each property anticipated to have a valuation of $1.5 million, we are also seeing savvy homeowners wanting to reap the benefits of savings from day one.
“It’s hugely powerful to know that from the day they move in, they will never have to pay for power again.”