Mumbai-based conglomerate Mahindra and blockchain-based peer-to-peer electricity trading platform Power Ledger have announced a series of trials to bring energy microgrid technology to India’s urban population, via Microgrid-as-a-Service.
Atul Kunwar, President and CTO, Tech Mahindra, said: “Tech Mahindra’s belief in its internal start-up to bring digital disruptions to different industries is proved by the success of MaaS in the energy industry. This disruptive technology will provide a model for energy service provision for thousands of communities across India, and this will also benefit markets like the US, Canada and UK for modernisation of grid through microgrids. Many of our existing customers are looking forward to use the platform.”
Finance Magnates recently interviewed Dave Martin, the MD of Power Ledger, to talk about the project.
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David Martin, Managing Director, Power Ledger, said: “Trialling the energy trading platform in a market like India is a major opportunity to change the way communities sourced the energy required to take part in a modern global economy. Bringing autonomous, largely renewable microgrids integrated with Power Ledger’s technology to India, in partnership with Tech Mahindra, would give us a chance to demonstrate the potential of cutting-edge technologies and unlock the economic opportunities that flow to communities from having a secure energy source.”
The trial will initially involve Power Ledger using consumer data from Tech Mahindra’s sites to prove the accuracy and security of the former’s trading platform. This will also help Tech Mahindra to explore the value proposition for consumers and understand the regulatory and technical implications of the peer-to-peer trading model.
The trial will begin in late 2017 at Tech Mahindra’s campuses in India and run for a period of twelve months.