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Climate fintech company Hygge Energy has signed a Memorandum of Understanding (MoU) with rooftop solar solutions provider Atria Renewable to promote rooftop solar adoption and enable peer-to-peer (P2P) solar energy trading across Bengaluru, Karnataka. The collaboration aligns with the guidelines issued by the Karnataka Electricity Regulatory Commission.
Under the agreement, Atria Renewable will serve as a preferred installation partner for rooftop solar systems, handling site surveys, system design, installation, and commissioning. Meanwhile, Hygge Energy will provide its blockchain- and AI-powered P2P platform that enables consumers to trade solar energy directly. The platform supports blockchain-based contract execution and payment transfers in line with the Reserve Bank of India’s Central Bank Digital Currency (CBDC) framework.
The partnership will also involve sharing consumer insights, technical expertise, and developing a common mobile application supported by Hygge Energy’s existing P2P app available on major app stores. In addition, the platform will support rooftop solar loan financing and provide training and onboarding assistance to Atria Renewable.
Commenting on the partnership, Prateek Saxena said the collaboration will help scale cleantech adoption through fintech innovation while strengthening local energy markets. C. S. Sunder Raju added that the initiative aligns with the Atria Group’s long-standing commitment to sustainable energy and could open new opportunities through innovations such as carbon tracking and carbon credit mechanisms.
Hygge’s P2P initiative in Karnataka also enables a financing model for rooftop solar and battery storage through asset tokenisation on CBDC. The companies believe this approach can accelerate rooftop solar deployment, expand local solar businesses, and generate new employment opportunities in the region.
