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Tangd3578 karma

For any regular consumer with installed solar panels, how much will current infrastructure have to change in order for them to buy and sell their energy on this decentralized energy market? Furthermore, on the individuals' level, would we need to install special hardware? Or will currently installed solar systems be ready to go with just installation of some software etc?

In short, once the POWR blockchain is up and running, what does the individual consumer have to do to connect their panels/batteries/hardware and will we have to wait for electrical companies to upgrade our households/suburbs to do so.

My second question would be: whats the approximate radius that you expect consumers could buy/sell their energy to? In the short term will people be able to trade energy with only their apartment residents? neighbours? suburb? Across towns? Or would this be issue be approached by allowing consumers to be able to price in personal transmission costs in a trade proportionally to the distance electricity must travel? (e.g. sending energy from say, Geraldton to Perth etc) How are you guys approaching this?

Tangd3573 karma

Skepticism is healthy and I'm not too sure what a power company's financial incentives might be either.

However they do have a partnership with their state-owned government company Western Power who manages electricity networks and energy infrastructure in Western Australia. The link below also highlights collaboration with an Indian business utilizing microgrids - where transactions on the blockchain seems intuitively ideal for new energy distribution networks such as these. http://economictimes.indiatimes.com/industry/energy/power/tech-mahindra-power-ledger-to-test-maas-based-electricity-solution/articleshow/60882119.cms

Given how much cost goes into energy transmission it might make sense for the energy sector to profitably move towards more medium-scale energy generation & infrastructure with the increasingly more cost-efficient avenues of renewables such as solar - especially in places that get significant sunlight daily (Australia, India, Africa etc). Just something to consider.

I'm not going to speculate too irrationally on things as seen in this thread - but I see potential here if its executed correctly then I'm more than happy to wait for an appropriate and hopefully enlightening response.

Tangd3571 karma

Do you guys have any plans in the short term to host any presentations or attend any conferences/events open to the general public?

Tangd3571 karma

good catch ty