P2P Energy Trading
P2P (peer-to-peer) Energy Trading is the buying and selling of electricity at a hyperlocal level. By combining a smart grid with renewable energy generation, landlords, householders and businesses are able to become prosumers and take ownership of their energy production and distribution. This is done through novel Blockchain technology, so transactions are kept safe, secure and accountable.
We connect property developers, local authorities, communities, housing providers and tech providers to develop local, P2P energy markets
What do we do?
We have valuable legal expertise and a broad overview of countries that can participate in P2P Energy Trading. Current legislation within Europe constrains initiatives for developing energy trading communities. However, some countries can provide exemptions. Without these exemptions, it is impossible to trade energy. Fortunately, we have experience working with national governments to negotiate and obtain exemptions, as well as funding from national and European sources, to run pilot projects.
“Peer to peer energy trading improves the business case for consumers to invest in renewable energy generation. We are working on the Eemnes project, which will be one of the first operational examples in Europe. This is the European 2050 climate strategy in action.” – Rolf Bastiaanssen, Urban Energy Cluster Leader, Bax & Company
Creating the future energy market
Energy is not efficiently distributed. Some families with solar panels are generating more electricity than they need, especially during week days, when nobody is at home due to school or work. Meanwhile, many local businesses need electricity during the weekdays for their computers, lighting or utilities, but don’t need it in the evenings or on weekends. This creates a poor distribution of power that then needs to return to the grid to be redistributed, costing both energy and money.
We believe P2P Energy Trading is the future energy market. This de-centralised and community-driven energy trading is 100% green and will become a currency for a more sustainable future.
Shall we get started?
P2P energy trading is a clear way for cities to generate more money, whilst bringing housing providers and communities together. If you want to discover how P2P Energy Trading can benefit you, get in touch.
With €3M support from the European Investment Bank, Rotterdam will set up a programme that will provide intensive, tailored support for such associations. Where the municipality’s team will develop a general communication programme, an independent centre of expertise will make general information on the benefits of renovation via pop-up stores widely available. Furthermore, a group of external advisors will be recruited to engage with associations of owners to provide tailored advice on technical, financial and legal matters.
With a grant of €900,000, the ambitious housing provider of the city of Alingsas, Sweden aims to renovate all its dwellings to near-zero energy standards. As a test case, buildings from the ´million home programme´ period will be renovated. The Council of Europe Development support the programme with technical assistance to develop the most effective renovation options.
With a €800,000 grant from the Council of Europe Development Banks’s ELENA instrument, the City of Rotterdam will start collaborations to improve energy labels to C or B for almost 200,000 dwellings. Four of the city’s largest social house providers set out to jointly develop the knowledge and expertise to renovate its ageing building stock. This includes for updating knowledge on the potential of specific heating and lighting technologies, the development of standard renovation packages for common building types, and long-term planning of investments. Over the course of the 4-year programme, 900 dwellings will be renovated.
Viale Francia, a 102 dwelling building, located within 2 towers of a 6 tower complex at the outer edge of Treviso, has secured almost €1m from the European Commission’s Horizon 2020 programme. The project aims to minimize power consumption by optimising the passive systems and minimising the active ones; geothermal optimal solutions to reduce the demand for electricity; electricity production from renewable sources (photo-voltaic). The project also plans for the future management through an Energy Performance Contract, to be implemented by a local ESCO contractor to support the replacement of the thermal boilers with heat pumps and underground heat storage, and installation of roof mounted solar thermal system and storage.
UK affordable housing provider, Places for People secured €900,000 in grants from the Europe Commission to demonstrate a state-of-the-art solution to replace old and inefficient, all-electric heated properties, in Padiham. Some ideas to accomplish this are: introduction of common electrical purchasing program for all PFP homes, installation of solar photovoltaic electricity supply, electric only homes, and installation of POD solar thermal and heat storage. By increasing the standard of energy services to their residents through increased comfort and reduced costs, the aim is to reduce resident turnover in this common dwelling type.