Power Ledger Involoved Project Received $8 Million from Australian Government

Last week 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 including Curtin University, Murdoch University, Curtin Institute of Computation, LandCorp, CSIRO/Data61, CISCO and Power Ledger.

The project is trialling the use of blockchain-powered distributed energy and water systems and was the second largest recipient of the Grant across all of Australia, following behind the ‘Switching on Darwin’ project.

What Are The Funds For?

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.

How Will It Work?

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.

0_c9dd2lksbvcp3zpoOnsite 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.

Brad Pettitt, Mayor 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.”

What Role Will The Partners Play?

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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.”

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.”

How Is Power Ledger Involved?

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, 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.”

The project will span over two years and will commence within the next two months.

Images from Mashable.com

The post Australian Government Awards Grant to $8 Million Project In The City Of Fremantle Using The Power Ledger Platform first appeared on Medium.com

China’s secret Bitcoin mine

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In a bamboo hut at a restaurant in the middle of China’s Sichuan province an unlikely industry gathering is taking place.

A large sunken pot of spicy broth is bubbling away on the table which is cluttered with plates of food drowned in oil and chillis, cups of green tea and empty cans of Red Bull.

This restaurant in a small town, about an hour’s drive from Kangding city and not far from the Tibetan Plateau, is surrounded by spectacular mountains, which are only just disappearing into the darkness around 9pm.

 

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This Kangding warehouse houses around 10,000 super computers that solve equations around the clock to produce Bitcoin. Dave Tacon

The only topic of conversation at dinner is the virtual currency Bitcoin.

That’s because Kangding has become one of the biggest Bitcoin mining hubs in the world and the five men around the table all depend on it for their livelihoods.