Climate fintech company Hygge Energy and rooftop solar solutions provider Atria Renewable have signed a memorandum of understanding (MoU) to accelerate rooftop solar adoption and enable peer-to-peer (P2P) solar energy trading in Bengaluru, Karnataka.
Under the agreement, Hygge Energy will onboard Atria Renewable as a preferred rooftop solar installation partner. The two companies will share relevant consumer data, insights, and technical inputs to support rooftop solar adoption and facilitate P2P energy trading. They will also explore a strategic partnership to develop a common mobile application supported by Hygge Energy’s P2P app, which is available on the Google Play Store and Apple App Store.
Hygge Energy said its blockchain- and AI-enabled P2P platform is an end-to-end rooftop solar trading solution designed to operate in compliance with KERC regulations for P2P energy trading. It supports multiple trading mechanisms, enables blockchain-based contract execution, and supports payment transfers in line with the Reserve Bank of India’s Central Bank Digital Currency (CBDC) policy. The same platform also enables integration with rooftop solar loan financing solution and provides platform-related training and onboarding support to Atria Renewable.
As the solar installer, Atria Renewable will conduct site surveys, system design, proposal submission, installation, and commissioning of rooftop solar systems ensuring compliance with all applicable regulatory and safety standards. Following installation, Atria Renewable will also provide customer support, including maintenance and warranty services, as agreed with customers.
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