Evermore WGV, Australia
An apartment employing the combination of solar PV panels, battery storage and blockchain technology.
In the numbers
430kWh
renewable energy traded peer-to-peer each week
52.6 MWh
of total solar generation in 2021
36.9 tonne
of CO2 reduced by using solar energy*
$540.00
saving annually per household
CASE STUDY
Company overview
Yolk Property Group is an Australian property developer that focuses on the delivery of sustainable and innovative apartment buildings and land releases, with 115 employees across Western Australia, Victoria and Queensland.
Objective
The Evermore WGV apartment development includes 24 apartments and a common area that uses a 54.6 kWh solar and 156 kWh battery hybrid system. Yolk Property Group wanted the Evermore WGV development to reduce the financial burden of owning an apartment. To achieve this goal they wanted to provide the occupants with low-cost renewable energy, as well as simplify and reduce the cost of the energy billing process for strata managers.
Solution
Integrating Powerledger’s uGrid platform into the Evermore WGV apartment, reduced the cost of energy through peer-to-peer energy trading. This feature enabled residents to trade energy amongst themselves at better rates than if they simply sold back to the grid. The platform connects directly to each apartment meter, simplifying the billing process for strata managers.
BENEFITS OF PARTNERING WITH POWERLEDGER
For Strata managers & embedded networks
Reduce costs of gathering meter data and streamline the billing process.
Attract new residents with reduced utility costs.
Attract tenants that have Renewable energy and sustainability targets
Seamless trading integrated into your own billing system.
Achieve regulatory or voluntary renewable energy targets.
For Tenants/owners
Trade excess solar energy.
Save on utility costs.
"Powerledger’s blockchain technology, paired with the other power-saving initiatives at Evermore, gives residents exceptional control over their power usage and power costs."
Yolk Property Group Director, Tao Bourton