News and Announcements
Power Ledger Partners with Kansai Electric Power Company
- Published April 27, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Power Ledger is a peer-to- peer energy trading company from Perth that has received funding from initial coin offerings.
- Power Ledger uses cryptocurrency technology in trials across many countries globally.
- Power Ledger has recently associated with Kansai Electric Power Company and their first trial is said to occur in Japan.
A peer-to- peer energy trading company that is based in Perth, Australia, is said to collaborate with Kansai Electric Power Company (KEPCO) in order to test its digitised cryptocurrency energy programme. Power Ledger is a self-funded company that has received its funding through an Initial Coin Offering (ICO).
Thus far, Power Ledger is using their cryptocurrency technology in a variety of testing platforms across New Zealand, India, and Southeast Asia.
Additionally, Power Leger is also involved in trials across Australia.
The Power Ledger-KEPCO trial is aimed to be tested on ten homes in Osaka. This is because Power Ledger thinks that Japan is a good candidate country to test for this type of energy exchange. Power Ledger has based this assumption on the fact that the people are Japan are
eager to accept new forms of technology.
The KEPCO testing programme is the first in Japan. These ten homes will be set up with smart meters and they will be allocated solar systems that will be set up by KEPCO. Power Ledger will the exchange the extra energy that will be generated at these homes using a peer-to-peer source. The trial will help support KEPCO’s initiative to institute and supply Virtual
Power Plants (VPPs) to its clientele.
About Power Ledger
Australia’s first token sale is disrupting the energy sector. POWR token allows you to access the Power Ledger energy trading platform. Start selling power from your own solar panels, or just pay less for your energy bills by purchasing your power directly from your neighbour. Power Ledger is bringing peer-to-peer energy trading to the world.
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