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India Launches AI-Powered P2P Energy Trading Platform at Global Summit

India has launched the PowerXchange app and an interstate peer-to-peer energy trading platform at the Global AI Summit. The platform, powered by blockchain and AI, allows consumers to trade surplus solar energy seamlessly. It was demonstrated live to Prime Minister Narendra Modi and Union Power Minister Manohar Lal, highlighting its potential to generate additional income for users. The initiative, part of the India Energy Stack, aims to promote transparency and energy self-reliance nationwide.

Key Points: India Launches Interstate P2P Solar Energy Trading Platform

  • AI & blockchain-powered platform
  • Enables solar energy trading
  • Demonstrated to PM Modi
  • Aims for national energy self-reliance
  • Officially starts operations
2 min read

Digital energy leap: P2P energy trading platform launched at AI Summit

India launches PowerXchange, a blockchain & AI platform for peer-to-peer solar energy trading, demonstrated to PM Modi, aiming for energy self-reliance.

"make every household energy self-reliant - Platform Officials"

New Delhi, Feb 18

A significant milestone in the country's energy sector was marked on Wednesday as the PowerXchange App was showcased live and the Interstate Peer-to-Peer Energy Trading Platform was officially launched at the India Energy Stack Pavilion during the Global AI Summit.

Union Power Minister Manohar Lal was shown the app, demonstrating how consumers and prosumers can trade surplus solar energy seamlessly. Earlier, the platform was demonstrated live before Prime Minister Narendra Modi, highlighting its potential to help farmers and electricity users generate additional income while promoting energy self-reliance.

The initiative, under the India Energy Stack, selected PowerXchange as one of only two platforms nationwide for advancing P2P energy trading. Uttar Pradesh Power Corporation Limited (UPPCL) facilitated the development of the technology and registration of users on the platform. During the live demo, beneficiary Lakshmi Gaba, a small boutique owner, used the app's AI voice agent to purchase electricity, showcasing its simplicity and usability.

The launch was attended by senior officials, including India Energy Stack Chairman R.S. Sharma, UPPCL Chairman Ashish Goyal, All India Discom Association DG Alok Kumar, ISGF Chairman Reggie Kumar Pillai, REC Limited CMD Jitendra Srivastava, REC Limited ED Prince Dhawan, and FSR Global ED Shweta Ravi Kumar, along with representatives from Tata Power-DDL, BSES Rajdhani Private Limited, PVVNL, and UPPCL, as well as delegates from across the Global AI Summit.

Powered by blockchain, AI, and machine learning technologies, PowerXchange aims to make every household energy self-reliant and extend government solar schemes to citizens nationwide. Officials said the platform will enhance transparency, efficiency, and consumer-centricity in India's energy market.

The interstate P2P energy trading platform will officially commence operations from today, marking a new era in the country's energy sector.

The platform enables consumers and prosumers to trade surplus solar energy seamlessly, promoting energy self-reliance and fostering a more transparent, digital energy market.

- IANS

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Reader Comments

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Sarah B
As someone working in tech, the use of blockchain and AI for energy trading is impressive. The key will be ensuring the platform's security and scalability. A promising start for India's digital infrastructure!
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Priya S
My parents have solar panels on our farmhouse in Punjab. If we can sell extra power to our neighbors or even another state, it would be amazing! But will the Discoms support this fully? They might see it as lost revenue.
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Rohit P
Great initiative, but I have a respectful criticism. Launching at a global summit is one thing. The real test is on-ground implementation. We have seen many apps fail due to poor internet in villages and complex KYC. Hope PowerXchange learns from past failures.
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Vikram M
Jai Ho! This is true Digital India in action. Using AI voice agent so even those not comfortable with tech can participate is a thoughtful touch. Can't wait to see this reduce electricity bills and make us more self-reliant. 👏
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Karthik V
Interstate trading is the big deal here. Surplus solar from Rajasthan could power homes in UP during peak hours. This optimizes national resources. Hope the pricing is fair for both sellers and buyers.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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