Power Ledger is an Australian blockchain pioneer.
They want to change the way energy is made and used.
Their technology allows households to disconnect from power companies.
Using solar powered energy generation, property owners can trade electricity with others via an online marketplace.
It’s done with the help of battery storage.
Effectively balancing supply and demand to prevent an overload to the grid and blackouts.
Houses with similar solar systems installed form a ‘virtual power plant’, allows low power users to trade surplus power with high power users.
And it’s taking off in a big way in Perth.
The five-story apartment block is called Montreal Commons.
It will have 39 apartments, a café and ‘developer-funded’ rooftop solar panels with local battery storage.
The developer will fund full installation of the rooftop solar system.
Ownership will be transferred to the apartment’s management company upon completion.
Owners can then trade their excess electricity through Power Ledger’s blockchain-based energy platform. And if needed, they can also buy it back.
Solar Power Taking Off
45% of all households in Western Australia are on track have rooftop solar by 2025.
It’s going to take off in a big way.
The total number of panels installed across the country has quadrupled since 2011.
Additionally, the number of solar farms under development in Australia has also exploded in recent years.
Queensland has the largest currently under construction.
It caps off at a whopping 1,500MW.
Enough to power 300,000 households.
On completion it will be the biggest in Australia and one of the biggest in the world.
Right now, Australia’s renewable energy portfolio provides 50% of the main grid’s demand.
As a result, wholesale electricity prices in both South Australia and Queensland are often pushed into negative territory.
Many think solar as almost a form of ‘free energy’. But as power becomes cheaper?
You’ve guessed it — land takes the gains.
Few people in the mainstream understand any of this.
As well as cheaper electricity, Power Ledger’s carbon neutral apartment block, Montreal Commons, will have marketing incentives attached.
50% reduction in the strata levy (the building maintenance fees).
That means that buyers will have more in their back pocket to bid up the unit prices. Effectively feeding the incentives back into the developer’s pocket.
It’s all part of the property cycle — and forthcoming property boom.
You need to understand this to take advantage of it.
It’s why, despite what is becoming the worst economic crisis in recorded history, property prices in Australia continue to rise.
That’s just what we predicted over at Cycles, Trends, & Forecasts when the crisis hit earlier this year.
You don’t have to like how this feudal system works. But you do need to be on the right side of it if you want to retire a rentier, not a renter.
For Profit Watch
PS: Learn why the property market is unlikely to crash until 2026 and how you can potentially capitalise on this trend. Download your free report now.