Power Ledger and BCPG to create Renewable Energy Credit marketplace in Southeast Asia

This article was first published on Power Ledger - Medium
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Power Ledger, BCPG and TDED to create Renewable Energy Credit marketplace in Southeast Asia

Photo by Andreas Brücker on Unsplash
  • Power Ledger expands partnership with BCPG & TDED to create a Renewable Energy Certificate (REC) marketplace in Thailand and the broader ASEAN region.
  • BCPG will generate RECs based on meter readings derived from Power Ledger’s peer-to-peer (P2P) platform already in use by BCPG.
  • The process of issuing, trading and retiring RECs will be recorded on Power Ledger’s platform.

Bangkok, Thailand & Perth, Australia — August 25, 2020: Australian energy trading technology company Power Ledger has expanded its partnerships in Thailand to launch a new project that aims to create a Renewable Energy Certificate (REC) marketplace in Thailand and the broader Southeast Asian region.

The project builds on Power Ledger’s existing relationship with BCPG that initially involved the deployment of Power Ledger’s peer-to-peer (P2P) renewable energy trading platform across the T77 urban precinct in Bangkok, Thailand, and is part of a collaboration with Thai Digital Energy Development (TDED) to develop a blockchain-based digital energy business in Thailand.

TDED is a joint venture between the Thai Government’s PEA ENCOM International, which is a subsidiary of Provincial Electricity Authority (PEA), and BCPG.

As part of the new project, BCPG is now seeking to sell its RECs, based on meter readings derived from the P2P platform, in a REC marketplace that spans Southeast Asia, with the process of issuing, trading and retiring RECs to be recorded on Power Ledger’s platform.

“Power Ledger and BCPG are creating the first REC marketplace of its kind in Asia, bridging the gap between buyers and sellers by providing an end-to-end solution that tracks REC generation, trading and retirement through one integrated online system without the need for a broker,” said Power Ledger Co-Founder and Executive Chairman Dr Jemma Green.

The International REC Standard (I-REC) provides ...

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