VB launches Solar Exchange Using Blockchain Technology from Power Ledger

Power Ledger is an energy platform that allows buyers and sellers to trade energy directly with one another.

It is an Australian based company that is built on blockchain technology and was created in response to a global energy technology revolution. It allows peer-to-peer trading in energy in order for consumers to monetise the excess energy produced by their home energy systems. This is revolutionary because it means consumers have access to cheaper energy by buying it directly from their neighbours instead of traditionally going through a power company.

So how can solar system owners benefit from Power Ledger?

In Australia, the rise in solar power systems, batteries, microgrids and other distributed energy resources is transforming the way we generate and access electricity. In fact, Australia is one of 30 countries that has achieved grid parity, where the cost of solar generation is equal to or less than local retail electricity prices.

This means you can benefit from this shift in the electricity industry by trading your excess energy to local peers.

Victoria Bitter (VB) has recently launched Solar Exchange – a new program that enables beer lovers to trade their excess solar energy for slabs of Victoria Bitter.

The Solar Exchange program allows participants to exchange excess solar power for VB. Every $30 worth of credit can be exchanged for a case, which is then delivered straight to your door.

Brian Phan, General Manager Marketing Victoria Bitter, said: “Last year we put the Australian sun to work and started brewing VB with 100% offset solar energy. Now we’ve launched this Aussie-first program to thank those who have made the effort to go solar with some hard-earned VB.”

Any beer lover who wants to participate can find out more here: www.vbsolarexchange.com.au.”

Customers who sign-up to the program can track how much beer they’ve earned based on how many solar energy credits they have exchanged with VB, with slabs being delivered each quarter.

Power Ledger Co-Founder and Chairman Dr Jemma Green said: “Power Ledger is delighted that our technology is being used to keep participants informed of their progress in the program. We are a global pioneer of peer-to-peer energy trading, and in a country that thrives on the beer economy, we are excited to be part of Australia’s first peer-to-beer energy exchange scheme.”

The program is available to residential householders only.

VB’s Solar Exchange program launches today, with spots available for residents of VIC, NSW, QLD (Energex customers only) and SA.

Further information including eligibility requirements and terms and conditions are available online at www.VBsolarexchange.com.au.

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