News and Announcements
Power Ledger’s P2P solar trading trial
- Published August 23, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Power Ledger has paired with BCPG to launch a peer-to-peer (P2P) renewable energy trading trial.
- The entire trading transaction will be executed through Power Ledger’s Sparkz token, which is unaffected by cryptocurrency exchange rates.
- After the trial, Power Ledger and BCPG aim to spread the solution across 31 new projects over the next 3 years.
Power Ledger has paired with BCPG to launch a peer-to-peer (P2P) renewable energy trading trial. Thai utility Metropolitan Electricity Authority (MEA) is allowing access to its network in order for successful physical transaction of energy between participants. The P2P platform will be dependent on rooftop solar systems that are expected to cover around 20% of the community’s need for electricity.
BCPG’s job is to design and install the meters, solar PV, and connections. Power Ledger, on the other hand, will provide its blockchain technology to enable P2P trading, monitor energy transactions between participants, and evaluate the trading position of individual participants. The entire trading transaction will be executed through Power Ledger’s Sparkz token, which is unaffected by cryptocurrency exchange rates.
After the trial, Power Ledger and BCPG aim to spread the solution across 31 new projects over the next 3 years.
If you’re interested in the progression of Power Ledger, click the register interest button below.
About Power Ledger
Power Ledger is a software company developing solutions for the energy industry. The Power Ledger Platform is an ecosystem of blockchain applications. Since releasing our flagship peer-to-peer trading solution that allows households that whole own energy assets to trade electricity with their neighbours and set their own prices, we have been engaged to develop additional products, such as microgrid trading, carbon product trading, electric vehicle settlement and asset germination events.
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