Italian green energy utility Alperia has partnered with an Australian-based energy technology startup Power Ledger to explore new energy services.
Power Ledger will provide its technology for integration with smart meters to identify new services.
The new services to be explored include energy trading, origin tracking, measurement and verification as well as reporting of renewable energy certificates for commercial and residential customers.
“Italy has been leading the adoption of renewable energy globally and is one of eight EU members to commit to phasing out coal by 2030. Leveraging Alperia’s customer base, Power Ledger’s technology will help demonstrate how the country can rapidly progress its green energy targets,” said Power Ledger Co-founder and Executive Chairman Dr Jemma Green.
“We are always looking for new impulses for the energy sector and with the second edition of Alperia Startup Factory we want to strengthen Alperia’s innovative drive,” said Alperia CEO Johann Wohlfarter in a statement about the competition.
“Power Ledger’s peer-to-peer trading technology could put our customers in the driver’s seat and give them the possibility to not only protect their investment but maximise their contribution to a carbon-free future,” added Alperia Innovation Manager and Project Lead Anna Lena Hörter.
Alperia produces energy from renewable sources and is one of Italy’s largest green energy providers, with 280,000 customers.
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Italy is well ahead of its 2020 energy strategy target of 17% renewables, hitting this target in 2014, thus performing better than other EU countries.
Renewable energy infrastructure subsidies by the Italian Government in 2010 lay the foundations for substantial deployment of solar panels and onshore wind farm infrastructure. In 2013, feed-in-tariffs for solar in Italy ended leaving consumers with limited options to monetise excess solar, with volatile retailer prices also impacting the predictability of cash flow.