At the Australia-Vietnam Forum on Energy Transition on March 28, Powerledger, an Australian energy trading technology firm, announced its collaboration with Vietnam Electricity Central Power Corporation (EVNCPC) to introduce the country’s first peer-to-peer (P2P) energy trading scheme.
The initial 6-month trial will see Powerledger’s technology used by so-called “prosumers” with rooftop solar in Da Nang and Quang Nam provinces to sell electricity directly to consumers.
Vietnam has become the world’s tenth-largest producer of solar power, and is the biggest solar power producer in the ASEAN region. However, the increase in renewables has created imbalances for the grid which has resulted in intermittency issues. The project intends to showcase how issues of intermittency and grid congestion can be overcome whilst still growing renewables.
Powerledger says the trial is expected to demonstrate how technology can be used to reduce energy costs, improve price transparency by establishing a Local Energy Market.
Powerledger has more than 30 projects in 12 countries including Europe, Asia Pacific, North and South America, including some of the largest distribution and transmission utilities, businesses, energy retailers and property developers globally.