Home solar energy trading platform coming near you after funding boost


An online marketplace designed to let households trade their excess solar power has received the backing of the government renewable energy agency.

Greensync has been given $10 million by the Australian Renewable Energy Agency (ARENA) to accelerate the deployment of its ‘deX’ energy trading system.

The platform lets households with solar systems trade their excess energy in an online marketplace.

The platform lets households with solar systems trade their excess energy in an online marketplace.Credit:Justin McManus

The deX platform allows multiple household rooftop solar systems, batteries, smart appliances and even plugged-in electric cars to be accessed by the network operator to push power back into the grid when needed, turning homes into virtual power plants.

“Studies indicate that virtual power plants could account for 700 megawatts of capacity by 2022 and consumer-owned distributed energy – rooftop solar panels and battery systems – could account for up to 45 per cent of all generation within two decades,” ARENA chief executive Darren Miller said.



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