Electric utility company Senoko Energy recently announced the launch of SolarShare 2.0, the first-ever commercially available peer-to-peer grid-scale solar energy trading platform in Singapore. This comes after the positive reception of its prototype in 2020, with the platform looking to target businesses and households with its 24/7 sustainable green energy and modernize the country’s energy landscape through reliance on renewables, accelerating Singapore’s green energy transition to net zero by 2050.
One of the platform’s main features is represented by the components that track the source, time, and price of solar energy over the grid, and the ability to measure energy consumption. It will give leeway for customers to monitor their electricity usage and its carbon footprint. The platform is expected to function as a marketplace, with businesses and households being able to purchase and promote their own solar energy resources at a negotiated price, aiming for solar power to be affordable. Customers of Senoko Energy would also be able to buy the amount of energy required for their generators from an array of sources on the platform.
As one of the largest power generation companies by installed capacity in Singapore, Senoko Energy has a registered capacity of 2,644 megawatts (MW), providing about one-fifth of the nation’s electricity needs.
(Sources: Canadian Biomass)