DAEDALUS: Reaching the sun with solarcoins and smart solar panels
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Description
India is now a middle income country but local electricity grids are unreliable and outages can last several
hours. We explore innovative business and financing models for rooftop solar panels and local storage which
can replace diesel generators and improve access to clean reliable energy. With reducing panel costs, feed-in-
tariffs and net metering subsides are falling. However, installations need funding and we consider how
blockchains and cryptocurrencies such as SolarCoins can reward investors or repay loans. These may also help
local enterprises securely trade solar power in new ways. A key enabler is a smart card chip added to a solar
panel which can be linked to distributed ledger technology to track large numbers of assets. They can also
prevent fraud such as diesel generated power being claimed to be renewables. We will build a test-bed at
University of Hertfordshire to demonstrate benefits of cryptocurrencies and distributed ledgers along with our
smart solar panel hardware. We use this to share technical skills and expertise with local partners in South
Asian or sub-Saharan African countries of interest to DFiD.
Trusted Renewables Ltd | LEAD_ORG |
Trusted Renewables Ltd | PARTICIPANT_ORG |
University of Hertfordshire | PARTICIPANT_ORG |
Active Development Limited | PARTICIPANT_ORG |
Colin Mallett | PM_PER |
Colin Mallett | PM_PER |
Subjects by relevance
- Solar energy
- Renewable energy sources
- Finance
- Enterprises
- Solar panels
- Smart cards
Extracted key phrases
- Smart solar panel hardware
- Rooftop solar panel
- Solar power
- Panel cost
- Smart card chip
- Local electricity grid
- DAEDALUS
- Local storage
- Local partner
- Middle income country
- Local enterprise
- Solarcoin
- Sun
- Saharan african country
- Diesel generator