Trading Energy on a Blockchain: Power Ledger Begins Testing in Japan

[kreslik.news]

A major Japanese electricity company is partnering with a blockchain startup to test a new peer-to-peer renewable energy trading system.

Kansai Electric Power Company is Japan’s second largest electricity supplier, with 164 power generation facilities operating on nuclear, hydroelectric, thermal, solar, and wind power.

Power Ledger is a blockchain startup that focuses on renewable energy. It allows customers to trade electricity between themselves and receive payment automatically, meaning that they can profit from their excess power.

The trial is aimed at providing communities with cheap power and allowing people to sell their energy to their peers. KEPCO intends to build ‘virtual ... (read more)