Power Ledger to Test Blockchain-Powered Energy Platform in Malaysia

Asia Blockchain Review
October 28, 2019
Power Ledger to Test Blockchain-Powered Energy Platform in Malaysia

Power Ledger, an Australian-based energy technology company, has announced that it will be launching a pilot project with Malaysia’s Sustainable Energy Development Authority (SEDA) aimed at testing Power Ledger’s peer-to-peer (P2P) blockchain-powered energy trading platform.

P2P Energy Platform to Boost Solar Rooftop Installation

According to Energy Storage News, the project will start later this year, with two months of an alpha testing mode followed by another six months of a beta run, with SEDA expressing hope that the pilot project will boost the solar rooftop market in Malaysia.

Power Ledger has meanwhile revealed that the regulatory shift in Malaysia offered an opportunity for energy producers and buyers to use the blockchain platform as a way to exchange surplus energy.

Dr. Jemma Green, Co-founder and Chairperson of Power Ledger, said the pilot project is intended to “make energy markets more efficient.”

“Advancements in renewable energy technologies, coupled with regulatory changes, are starting to unlock new opportunities for the energy sector,” Dr. Green said. “Power Ledger has partnered with a number of renowned energy companies to improve the efficiency and transparency of energy markets globally.” 

Power Ledger Partners with Japanese Solar Company

Power Ledger has been actively working with both the private and public sectors across the region, such as Japanese solar firm Sharing Energy and energy supply company eRex, in which an agreement was reached for the Australian company to test its technology in the Kanto region in Japan.

The trial was aimed at offsetting the impact of feed-in tariff reductions taking place in Japan, which is expected to affect over 500,000 energy users in the country.

Source: https://www.energy-storage.news


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Tencent Granted Blockchain Bank License in Hong Kong
Major Chinese tech company Tencent has recently been granted a blockchain bank license from the Hong...

November 19, 2019

US Taps Mavennet to Track Canadian Oil and Gas with Blockchain
Canada’s own Mavennet has been selected by the US Department of Homeland Security to develop and imp...

November 19, 2019

Tradewind Developing Blockchain-based Platform for Precious Metal Trade
Fintech company Tradewind Markets has announced that it will launch a blockchain app for the preciou...

November 19, 2019

Marseille Port Successfully Ends Trial for Blockchain System
Marseille Fos Port Authority has successfully carried out a blockchain test to develop solutions tha...

November 18, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us