KWM Advises On Innovative Blockchain-Enabled Local Energy Marketplace

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King & Wood Mallesons (KWM) has worked with LO3 Energy and other industry partners to publish the Latrobe Valley Microgrid Feasibility Study, an Australian Renewable Energy Agency (ARENA) funded project that will determine the feasibility of a local energy marketplace in the Latrobe Valley.

The Latrobe Valley Microgrid will demonstrate how local distributed energy resources and demand response can be incorporated into a local energy marketplace to improve the efficiency, security and resiliency of the electricity grid and improve economic outcomes for participants.

Approximately 100 local dairy farmers, residents and businesses participated in the study that evaluated the economic benefits of trading locally generated renewable energy using LO3 Energy's innovative blockchain-enabled peer to peer trading platform, TransActiveGrid.

KWM prepared the Legal and Regulatory Report that accompanied the feasibility study, which included recommendations as how to best implement a local energy marketplace in line with the current regulatory framework and explored potential regulatory change for the future.

The KWM team involved in the study included partner, Scott Gardiner, senior associate, Odette Adams and solicitor, Lauren Murphy.

Commenting on the study Scott said: "KWM is delighted to have been involved in this landmark feasibility study that will provide valuable learnings for rural microgrids and peer-to-peer trading as well as our role in facilitating the effective implementation of the local energy marketplace in the Latrobe Valley."

To read the Latrobe Valley Microgrid Feasibility Study please click here.