Power Ledger Completes KEPCO's Blockchain-Enabled P2P Test

Power Ledger, a blockchain-enabled energy trading company, has completed a five-month trial with Japanese utility, KEPCO Peer-to-Peer (P2P) post-Feed Tariff (FIT) excess energy transaction in Osaka. The trial demonstrated an autonomous P2P surplus power transaction including cryptocurrency settlements regardless of fluctuations in PV generation and customer requirements. Power Ledger supplied KEPCO with access to its trading platform to promote and monitor participants power trading in order to improve the incentive to develop renewable distributed energy resources (DERs). Power Ledger-KEPCO's peer-to-peer energy trading test findings were that over 55 kWh of solar energy was traded per week, which would amount to 2,860 kWh if measured on an annualized basis. There were more than 3,500 energy transactions every week in Phase 2. Approximately 20 percent of the participants energy consumption was renewable. The platform of Power Ledger allows solar owners to maintain their quicker payback choices.

Source : https://bit.ly/2HkmTup