Power Ledger brings P2P trading in renewable energy to Thailand

The Australian company Power Ledger announced on May 25th its collaboration with Thai Digital Energy Development (TDED) Creation of a blockchain-based platform for renewable energies.

The platform enables trade in environmental energy between couples or Peer to peer (P2P) to Accelerate the introduction of renewable energy sources. Thailand wants to generate that 25% of your electricity from renewable energies until 2037.

The public and private sectors work as a team

Power Ledger brings P2P trading in renewable energy to Thailand
Power Ledger brings P2P trading in renewable energy to Thailand

Power Ledger’s suggestions for developing blockchain-based transaction energies include P2P power exchange and virtual power plants, together with trading in emission certificates and certificates for renewable energies (REC for its acronym in English).

TDED is a joint venture of the public / private sector between the Thai energy authorities and specialists from BCPG. Partnership with Power Ledger will use blockchain technology Manage four clean energy projects proposed by BCPG, including energy and carbon management, at the 12 MW Smart Campus Chiang Mai University.

Power Ledger has been working with BCPG since its release in 2018 a test of P2P trading Energy, similar to one of Bangkok’s central enclosures.

The Head of Business Development and Sales at Power Ledger, Vinod Tiwari said Cointelegraph The test showed the “potential to use blockchain-based energy exchange as an incentive” to accelerate the use of solar technology on the roof.

He believes that Thailand’s focus on investing in renewable energy combined with its company’s technology can help the country achieve itu Goal to operate 25% renewable energy by 2037:

“The platform acts as an innovative operating system and as an intermediary in the conversion of central to hybrid distributed energy markets, which are supported by renewable energies and distributed energy resources. This unique market-based approach is an incentive to accelerate distributed energy resources and the use of renewable energies in communities and helps to achieve a country’s national renewable energy goals. “

The proposal is open to other market participants

The company is also interested in Use the TDED partnership framework to get closer to other participants in the energy market in Thailand who too You may want to use technology Blockchain in energy trading.

Power Ledger’s TraceX REC trading platform is launched in Thailand this year, Provision of a marketplace for emission certificates and REC generators and buyers. It will also enable people and organizations that produce and consume energy to exchange and sell excess energy in their neighborhood.

As Cointelegraph previously reported, Power Ledger signed an agreement last month to implement its energy trading platform in Western Australia.

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