This article was first published on Power Ledger - Medium
- Exclusive partnership signed with Thai Digital Energy Development (TDED) to develop a blockchain-based digital energy business in Thailand, working with energy players across the country.
- TDED is a joint venture with the Thai Government’s PEA and BCPG.
- Power Ledger’s TraceX REC trading capabilities will be deployed in Thailand this year.
- Full suite of platform features will be deployed at the 12MW Smart Campus at Chiang Mai University in Thailand’s north.
Perth, Western Australia: 25 May 2020 — Power Ledger has announced a partnership with TDED, to create a blockchain-based digital energy business developing peer-to-peer energy trading and environmental commodity trading solutions in Thailand.
The new partnership expands Power Ledger’s foothold in Thailand — which aims to generate 25 per cent of its electricity from renewable energy sources by 2037.
“Blockchain enabled transactive energy solutions including peer-to-peer (P2P) energy trading, virtual power plants as well as renewable energy certificates and carbon credits trading will be the key to establishing economically viable renewable energy markets. Our partnership with TDED will allow us to accelerate our efforts to promote distributed digital energy markets in Thailand,” said Power Ledger’s Co-Founder and Executive Chairman Dr Jemma Green.
The collaboration will see the application of blockchain technology to manage energy at four BCPG Group clean power projects, which have been included in a “Sandbox Project” to accelerate renewables by Thailand’s Office of Energy Regulatory Commission.
One of the first projects will focus on energy and carbon management at the 12MW Smart Campus at Chiang Mai University in Thailand’s north.
“Power Ledger is among the very first pioneers to apply blockchain technology in peer-to-peer energy trading and trading RECs. Such expertise in state-of-the-art technology will help materialize TDED’s goal in the development of digital energy products and services, as well as making clean energy more accessible to people,” said Bundit Sapianchai, President of BCPG and TDED.
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Power Ledger - Medium