Blockchain-Powered Energy Trading Trial Launches in Japan’s Kanto Region

Power Ledger’s New Adventure in Energy

Power Ledger, an audacious Australian tech company, is about to shake up the energy scene in Japan! By December 2019, they will kick off another trial focused on blockchain-enabled energy trading. This time, they’re rolling up their sleeves alongside Japanese solar powerhouse Sharing Energy and electricity retailer eRex, as they grab their tools and start tinkering with solar surplus!

Setting the Stage: The Kanto Region

Why Kanto, you ask? Well, it’s not just where Tokyo hangs its hat; this region is the economic juggernaut of Japan! It boasts the second largest sub-national economy worldwide—only California stands tall above it. In Kanto, they don’t just talk about energy; they make it happen!

Understanding the Trial’s Objective

This innovative trial aims to monitor surplus solar energy levels while employing Power Ledger’s blockchain-powered platform. Household smart meters will twirl into action, integrating seamlessly with the platform to support peer-to-peer energy trading within this high-energy region.

• What Will the Trial Achieve?
• Track surplus energy effectively.
• Create real-time pricing for energy exchanges.
• Provide an example of how energy trading can work in practice.

Combatting Feed-In-Tariff Reductions

With looming reductions in the feed-in tariff (FIT) set for October 2019, over 500,000 solar energy consumers are holding their breaths. This trial has the potential to showcase how distributed energy systems can lend a helping hand during these challenging times. The trial participants get to set the prices and witness energy trading in action—that’s some serious empowerment right there!

What’s Next for Kanto?

By hopping on board the Power Ledger train, Kanto can unlock the secrets of monetizing renewable energy investments while basking in the glow of cheaper energy solutions. The collaboration will unfold until December 2019, so stay tuned for more electrifying updates!

Past Success: A Quick Look Back

If you think this is Power Ledger’s first rodeo, you’d be mistaken! This trial follows on the heels of a successful blockchain trial for post-FIT surplus power completed with Kansai Electric Power in Osaka. Clearly, Power Ledger is on a mission to bring energy trading into the 21st century. Who knew moving energy around could be both high-tech and cool?