Thai-Government backed renewable energy provider and Power Ledger partner, BCPG have announced their involvement in an Industrial Estate which will utilise the Power Ledger platform.
Power Ledger partner BCPG have signed a Memorandum of Understanding (MOU) with the Industrial Estate Authority of Thailand (IEAT) to study smart energy infrastructure for Thailand’s iconic Smart Park in the Eastern Economic Corridor (EEC) at Map Ta Phut, Rayong. BCPG work closely with Power Ledger to facilitate peer-to-peer energy trading in the Smart Park.
The 12 billion Baht development will be the first of its kind in Thailand and the Government projects the site will be completed by 2020.
Other partners in the Smart Park include Bangkok Mass Transit System (BTS), Global Utility Services Co, Bangkok Industrial Gas Co and the Eastern Economic Corridor (EEC) Office.
The Smart Park is expected to have 100 MW of distributed solar and 30–40 MWh of battery storage, with the concept of democratising power at the forefront of planning. It will also incorporate the potential to trade energy using the Power Ledger platform.
The project is in line with BCPG’s three-year business plan to continue investing in renewable energy both domestically and internationally.
Using the Power Ledger energy-trading platform, building managers in the project will be able to trade renewable energy from solar panels installed on each building with autonomous financial settlement enabled via the use of a secure banking interface.
At the time of announcement, BCPG had already begun the task of selecting the Thai bank that will be the first to provide autonomous financial settlement for P2P energy transactions in Asia.