Published By : 30 Dec 2015 | Published By : QYRESEARCH
Peer to peer trading of renewable energy is now heading into large-scale phases with several markets beginning to dip their feet into the pool, including the United States and recently, Germany.
Let’s take a quick look at all the biggest renewable energy sources that are up for trading. Offshore wind energy, which is considered far more effective than its onshore counterpart, is still undergoing major technological development in order to be considered a vastly effective replacement for conventional fuels. But at the same time, research and development efforts are taking place in North America and Europe to make it so. This only means that both onshore and offshore wind energy markets are set to receive major boosts in their output capacities. This will easily drop trading prices to a more economical value and create a much more relaxed trade facility. Practically similar things can be said about tidal and solar energy. Solar energy is already heading into large-scale usage through the application of solar towers and improved solar PV cells.
This rapidly developing field of renewables is now entering a phase where large-scale trading of resources is possible. For instance, Sonnenbatterie, a German company, has created a trading platform for renewable distributed energy. It is offering a method for small solar and wind energy companies to buy and sell their power generation throughout the power utility grid.
The trading system will launch in 2016 and will be made accessible through subscription. It will be limited within the German power grid. The system hails a bright future for smaller solar power companies that can use it as an alternative revenue stream. They can no produce surplus power if they can and sell it off easily within the grid.
The CEO of Sonnenbatterie, Boris von Bormann has called this strategy the Airbnb of energy. The members of this community will be in a position to trade energy according to their production capacities and the needs of the grid.
Similar concepts are also seen in other parts of the world. Open Utility in the U.K. connects producers of renewable energy with consumers, but currently only operates in the business sector.