Kansi Electric Power & Co. partners with Powerledger to try Peer to Peer renewable energy trading
Kansi Electric Power Company (KEPCO), One of the largest provider of Nuclear energy in Japan, partners with Powerledger to try out Peer to Peer renewable energy trading.
Through renewable energy trading, excess energy can be sold to others who are in need for the energy. This decreases the price of energy and provides customers with additional cheaper energy systems.
KEPCO will initially test the technology on 10 homes, in Osaka City. Power Ledger will provide KEPCO access to the Power Ledger trading platform to facilitate and monitor energy trading between participants to increase the incentive for the development of renewable distributed energy resources (DER’s).
Power Ledger Managing Director and Co-founder, David Martin said it was encouraging to see a utility of KEPCO’s scale recognize the push towards deeper penetration of DERs and trial the platform in a major city like Osaka.
“The fact that KEPCO is exploring the Power Ledger platform as a solution is a massive indication that the industry has accepted that change is inevitable,” Mr. Martin said.
Mr. Martin said the purpose of the trial was to give KEPCO comfort in a new technology paradigm while also demonstrating the benefit of peer-to-peer trading.
“The trial will give material feedback on the technology and opportunity for adoption. We’re excited to partner with KEPCO to implement our platform in Japan and bring Power Ledger one step closer to our goal of democratizing power,” Mr. Martin said.
The Power Ledger system will enable KEPCO to track the generation and consumption of all trading participants and settle energy trades on pre-determined terms and conditions in near real time.
Source: Power Ledger Medium
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