Power Ledger’s energy trading technology is set to be rolled out across a range of residential projects developed by Nicheliving, under a three-year deal unveiled this week.
The deal is part of Nicheliving’s Connected Communities Energy, an initiative that uses smart technology to help residents reduce energy consumption as well as connect with their neighbours.
Nicheliving unveiled the Connected Communities initiative last month, with the proposal to be implemented in several stages.
Its five-storey, 62-apartment Sky Homes Inglewood project will be the first to feature the technology platform, which will also include fibre-to-the-premises internet connection.
“We’re seeing an emerging trend of project developers considering more low cost and low carbon energy supplies during the design phase of their projects,” she said.
“Power Ledger’s platform incentivises homeowners to invest in solar energy infrastructure.”
“Nicheliving was seeking a way to provide new homeowners with more sustainable and affordable energy in their new home,” he said.
“Power Ledger’s technology enables homeowners to lower their daily energy costs and unlock a new revenue stream by monetising excess solar energy and reducing their reliance on fossil fuel sourced power.”