Australian alternative energy company Power Ledger has set its sights on Southeast Asia, as the region is expected to become the fourth-largest energy consumer worldwide by 2030.
According to CryptoNewsZ, Maria Atkinson, advisor to Power Ledger, stated that the country is currently doing business in countries such as Thailand, Japan, Australia, the United States, as well as other nations in Europe.
“We have partnered with well-known energy companies to improve the efficiency and transparency of energy markets globally,” said Atkinson. “By 2030, renewable energy resources will be more important than ever.”
In Thailand, the firm has partnered with renewable energy company BCPG to developed a blockchain-powered platform for energy trading.
“BCPG initially reached out to Power Ledger as part of their search for innovative energy solutions, particularly blockchain-enabled methods of energy trading. From there, a new peer-to-peer energy trading platform was launched at T77 precinct, which comprises a shopping centre, international school, serviced apartments, and a dental hospital,” she disclosed.
Atkinson also revealed that with Power Ledger’s technology, properties can implement blockchain solutions that will help generate low-cost energy.
“The government is backing BCPG’s efforts as a clean energy provider. The Thai regulatory climate has continued to improve since the start of Power Ledger’s trial,” she said.
“Digital technology will reimagine the entire energy system — how power is distributed, managed, traded, used and governed […] We believe the digital decentralised ledger will unlock many opportunities for the sector, particularly renewable energy.”
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