Power Ledger has partnered with TDED, to create a blockchain-based digital energy business developing peer-to-peer energy trading and environmental commodity trading solutions in Thailand.
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.
How the technology works
Power Ledger and TDED will now co-develop innovative products and services based on blockchain technology in peer to peer electricity trading and environmental commodity trading for the Thai market.
Power Ledger’s blockchain-enabled platform facilitates P2P energy trading between “prosumers” – people and organizations who can be both energy producers and consumers, while selling the excess energy to their local neighborhood via the digital platform.