A ‘super battery’ system is guaranteeing free electricity for 20 years, potentially offering a revolutionary alternative to costly power bills.
A housing development in Kurnell, near Sydney, is being built using Blockchain technology.
The development’s 12 homes will be connected to each other and share power from solar-powered batteries, slashing the amount drawn from the grid by up to 90 per cent.
Blockchain records the transactions of power between homes. The chain also allows for the recording of how much power each home generates from solar energy, how much is stored in the battery and then how much each power is consumed by each home.
A ‘super battery’ system is guaranteeing free electricity for 20 years, potentially offering a potentially revolutionary alternative to costly power bills (stock image)
The Sonnen battery automatically detects if a resident needs more power, and the blockchain record can detect where that power would come from, The Australian reported.
Residents pay a monthly access fee of between $30 and $50, and their power bill is zero if they stay within a 7500kWh cap for the year.
Natural Solar – the company behind the project – said if it is successful they will look to introduce it in more housing developments.
Chief executive Chris Williams said the 12 homes are the first in Australia to use blockchain technology with battery power.
‘Utilising Blockchain technology, we are able to join all batteries together to create one larger ‘super-battery’ that can power all homes in one development,’ he told Nine News.
The Sonnen battery automatically detects if a resident needs more power, and the blockchain record can detect where that power would come from
‘An advantage of this is for the first time ever in Australia, residents will now be able to borrow power from their neighbours who have excess stored in their own battery, creating a complete sharing economy amongst houses.’
If residents need additional power but are unable to borrow from their neighbours, they can draw the energy from the grid. This will still be free provided they stay within their limit.
‘It’s hugely powerful to know that from the day they move in, they will never have to pay for power again.’ Mr Williams said.