T77 & O77 – BCPG, Thailand
Powerledger’s software is utilized by Thai renewable energy business BCPG and Thai utility Metropolitan Electricity Authority (MEA) to trade rooftop solar energy between several buildings across two precincts in Bangkok, Thailand.
In the numbers
4.2 MWh
3,500 AUD
50%
7.4 MWh
15%
Energy consumed within the precinct from renewable resources
Case study overview
Collaborators:
- Powerledger: Pioneering blockchain-backed platforms to facilitate secure and transparent peer-to-peer (P2P) energy transactions.
- BCPG: A leading renewable energy generator committed to providing sustainable solutions to communities.
- Metropolitan Electricity Authority (MEA): A forward-thinking utility provider dedicated to powering Bangkok and its neighboring provinces.
Expansion and Impact:
The T77 project has grown rapidly, with an increase of the daily total solar generation by 50% from 2.8MWh daily across four buildings to 4.2MWh across seven buildings. New additions such as Hasu Haus, Mori Haus, and O77 have joined the initiative, contributing both as consumers and producers of renewable energy.
P2P energy trading use cases in T77:
- Multi-tenant residential complexes
- Smart office building
- Shopping Centre
- Bangkok Prep School
- Dental Hospital
Key Features:
- Real-time Trading: Participants engage in P2P trading, maximizing renewable energy consumption and reducing electricity costs.
- Monitoring and Invoicing: Powerledger’s platform enables BCPG to monitor energy generation, facilitate transactions, generate invoices for settlement and summary of the trading position for individual participants.
- Optimizing Energy Usage: Buildings with surplus renewable energy can trade it with other participants, further optimizing energy utilization.
Benefits:
- Better Financial Returns: Renewable energy developers like BCPG experience better returns on investments in solar PV systems.
- Energy Cost Reduction: Building owners receive cheaper energy rates and have the opportunity to monetize surplus energy from their renewable assets.
- Reducing Carbon Footprints: The project promotes sustainable energy practices, reducing the carbon footprint and dependence on traditional grid sources.
Ongoing Innovation:
The T77 project continues to thrive, with the Powerledger platform seamlessly receiving live data and facilitating trades every 15 minutes. The integration of API interfaces ensures uninterrupted communication, driving efficiency and reliability.
Project Recognition:
Innovative Power Technology of the Year – Thailand – Asian Power Awards 2019
Best Clean Energy Community Solutions South East Asia 2022.
An overview of the project
A video on the project by the World Economic Forum
You can find an article on the project by the World Economic Forum here.
