Power Ledger seals Japanese partnership with leading solar energy provider

25 Jan, 2019 | Updated: 25 Jan, 2019
by Ryan Boltman
News
Power Ledger seals Japanese partnership with leading solar energy provider

The Australian energy trading platform has penned a deal with Japanese solar energy provider, Sharing Energy. The partnership is set to promote renewable energy consumption in Japan.

The press release announced that the leading provider of solar energy in Japan, has partnered with the first energy blockchain project Power Ledger. The partnership looks set to allow Sharing Energy the ability to track renewable energy consumption from 100 customers across Kansai, Chubu and Kyushu regions.

While 100 customers us a starting point, the partnership looks set to expand to 55,000 rooftops by the end of 2020. Power Ledger continues to push business in Asia, with the goal of revolutionizing the current global energy system to combat carbon emissions.

Read More: Power Ledger partners with U.S electricity wholesaler to offer P2P energy trading

Chairman of Power Ledger, Dr. Jemma Green commented on the partnership, saying “We are proud of the work we are doing in Japan, and the strides we are making in democratizing energy across the globe. Especially given the increased effort by leading companies like Sharing Energy to embrace a new era of renewable energy.”

Green also spoke of how blockchain technology will allow for scalable, renewable energy solutions for partners and communities worldwide.

The announcement will further strengthen the position of Power Ledger, who are already working with Kansai Electric Power Company (KEPCO), the biggest privately-owned electricity retail in Japan.  The partnership with KEPCO looks to develop a Virtual Power Plan model in order to resolve the issues of excess solar generation in Japan.

The partnership with Sharing Energy will see Power Ledger offering near real-time usage data, which in turn will allow Sharing Energy to make use of Power Ledger's trading platform that will see trades between buyers and sellers of energy.

Read More: Spain turns to blockchain for renewable energy

President of Sharing Energy, Emiko Koga believes the partnership with positively impact the Japanese energy market, " As our country is reevaluating how people and businesses buy and sell energy, we are fortunate to be working with an established leader like Power Ledger,”

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Read more about:JapanPower Ledger (POWR)

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