Tata Power DDL, a leading electricity distribution company that serves over seven million residents in North Delhi, is piloting a solar energy trading project together with Australian blockchain firm PowerLedger and the India Smart Grid Forum, or ISGF.

The pilot, which runs until June, aims to enable the development of distributed energy infrastructure and electronic trading resources that volition encourage consumers to become prosumers — consumers who as well produce — by selling their backlog rooftop solar power in a peer-to-peer marketplace.

Using PowerLedger's blockchain technology to provide transparent settlement of free energy trades, the pilot will test out various trading algorithms, including dynamic trading, to create an free energy sale pool between prosumers and consumers. Grid-connected, distributed energy resource that can straight participate in the P2P market will include electronic vehicle charging stations and battery energy storage systems.

As reported, PowerLedger has previously collaborated on various blockchain-based projects — amongst them free energy trading, renewable asset financing and renewable energy credit markets — with individual and government actors internationally.

Both Tata Power DDL and ISGF are public-individual partnerships: the former a joint venture betwixt Indian free energy giant Tata Power and the Government of Nation Capital Territory of Delhi, the latter a remember tank comprising regime ministries, utilities, applied science providers and academic researchers.

The president of ISGF, Reji Kumar Pillai, said that the capital city pilot and a like project in Uttar Pradesh will give Indian regulators actionable insights into what will be needed in society to scale up P2P trading nationwide:

"Bharat is almost to delicense power distribution business and make open access to retail customers enabling them to buy electricity from everyone from anywhere. In that scenario, blockchain platform for P2P trading of electricity will be a perfect game changer for the make clean free energy revolution in the land."

Jemma Light-green, the co-founder and chairman of PowerLedger, claims that blockchain-based prosumer energy trading can assist Republic of india to meet its renewable energy targets, which include 100GW of solar energy, of which 40GW should come up from rooftop solar.