Blockchain energy trading pilot planned in Thailand

first_imgBlockchain energy trading pilot planned in Thailand FacebookTwitterLinkedInEmailPrint分享PV Magazine:Perth-based blockchain developer Power Ledger has come together with Thai renewable energy business BCPG to launch a peer-to-peer (P2P) renewable energy trading trial at the T77 urban precinct in Bangkok, Thailand.The trial is realized in partnership with Thai utility Metropolitan Electricity Authority (MEA), which is allowing access to its network for the physical transaction of energy between participants.According BCPG, the P2P platform will rely on rooftop solar systems with a total capacity of 635 kW deployed across four participating entities and co-located battery storage, which are expected to cover 20% of the community’s overall electricity needs.BCPG is in charge of designing and installing the connections, meters and solar PV, while Power Ledger is providing its blockchain technology as the transactive layer across 18 meter points to monitor energy transactions between participants, enable P2P trading, generate invoicing, and evaluate the trading position of individual participants.The trading transaction will be settled through Power Ledger’s Sparkz token, which is not affected by rates in cryptocurrency exchanges, unlike its POWR tokens that were generated as part of the company’s Initial Coin Offering. Meanwhile, Thai utility MEA will allow access to their network for the physical transaction of energy and leverage metering data from Power Ledger’s platform for customer billing.“Having a utility allow the physical transaction of energy inside the T77 precinct is an important step towards our aim of providing individuals with the ability to sell their excess renewable energy,” said Power Ledger Managing Director David Martin, adding that Thailand is a regional showcase for the integration of distributed renewable energy technologies.More: Power Ledger launches P2P solar trading trial in Bangkoklast_img

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