Australian Government Awards Grant to $8 Million Project Using Blockchain Technology to Integrate Distributed Energy and Water Systems
November 17, 2017
By: Payment Week
Perth, Western Australia – 17 November 2017
– Today the Australian government announced they will provide $2.57 million in funding for a cutting edge project in the City of Fremantle and $5.68 million will be funded through project partners. The project is trialling the use of blockchain-powered distributed energy and water systems and was the second largest recipient
of the Grant, following behind the ‘Switching on Darwin’ project.
The project, which involves academic, infrastructure and technology partners, will assess how cities can use blockchain technology and data analytics to integrate distributed energy and water systems. The federal funding comes as part of the government’s inaugural Smart Cities and Suburbs Program which aims to solve practical problems. The project will also be supported by the Australian Energy Market Operator (AEMO), Western Power, and the CRC for Low Carbon Living.
The trial will involve highly resilient, low-carbon and low-cost systems installed and connected using blockchain technology. A large solar photovoltaic (PV) plant, rooftop solar PV panels, a precinct sized battery, an electric vehicle charge station and precinct water treatment and capture systems will be orchestrated using blockchain technology and data analytics and demonstrate the interconnected infrastructure of future smart cities.
Onsite energy generation at water treatment systems will also circumvent the need for costly distribution overhauls, as they are due for a $3million upgrade to increase capacity. The project will provide the community with financial and service sustainability while still engaging the private sector.
Phillip St John, CEO of the City of Fremantle, said: “We are delighted to host this project in the City of Fremantle. This collaboration between existing infrastructure, renewable energy and innovative technology fits with our One Planet zero carbon energy target and will help us to secure the ongoing sustainability of essential services for communities that live here.”
Curtin University has responsibility for project management duties and will carry out the research underpinning the project.
Professor Greg Morrison of Curtin University said: “We will develop a smart metering, battery storage and blockchain trading system to allow energy and water efficiencies between critical dispersed infrastructures that would otherwise have required physical co-location.”
Murdoch University will provide research support on alternative district water supply and storage schemes that will be used to provide water, capacity and ancillary services to each other and the grid.
Martin Anda, Academic Chair of Environmental Engineering, said: “This news is very exciting as we now have the opportunity to develop an entirely new precinct scale urban water system in Fremantle that will harmonise with the innovative Power Ledger Platform.”
“I am thrilled with the prospect of commencing research, modelling and designing the novel water distribution infrastructure upgrades at Knutsford, through rainwater capture and wastewater recycling, with the City of Fremantle and the whole team,” Anda continued.
Power Ledger will provide the transactional layer for the renewable assets as well as the ownership model for the community owned battery. Dr. Jemma Green, co-founder and chairperson of Power Ledger and researcher at Curtin University, said: “Power Ledger is excited to work with a consortium of innovators and technical experts to grow and develop the platform. We’re excited to break ground on this truly novel project that utilises blockchain technology to orchestrate sustainable assets.”
Curtin Institute for Computation and Data61 will provide the data analytics required to generate insights from these projects.
Professor Andrew Rohl, Director of the Curtin Institute for Computation, said: “We commend the City of Fremantle and its industry partners for their vision on this project and look forward to assisting them to provide a more sustainable future for their community.”
CISCO will be supporting the project as part of its strategic partnership with Curtin University called Innovation Central Perth. CSIRO and Data61 have the capabilities required to assist in the delivery of this project, including megatrend analysis, risk analysis, statistical forecasting and systems modelling.
“CSIRO’s experience collaborating with industry and government to build platforms will ensure the data generated by the project will be utilised by the community, project partners and municipal government.” said Glenn Platt, the Research Director of Grids & Energy Efficiency Systems.
Landcorp is taking part in the project to monitor success in order to explore alternative water and energy systems that are connected to smart technology.
Dean Mudford, Chief Operations Officer of Landcorp, said: “We are excited to be part of a shared commitment to explore alternative water and energy systems which are innovative, resource efficient and connected to smart technology. The potential for this level of innovation to be embedded within the next stage of our Knutsford development supports our broader corporate objective to lead by doing. Funding which allows research to explore alternative water and energy systems has the potential to significantly reduce infrastructure development costs for decades to come.”
The project will span over two years and will commence within the next two months.
About Power Ledger
Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable and automated market trading and clearing mechanism for residential and commercial businesses to decide who they want to sell their surplus energy to and at what price.