Peer-to-peer solar power trading
A pilot trial aims to demonstrate the feasibility of solar energy trading in the Malaysian energy market using Power Ledger’s platform.
Under the agreement, Power Ledger will demonstrate the ability of its platform to effectively trade surplus solar energy, with SEDA hoping the trial will grow the country’s solar photovoltaic (PV) rooftop market and advance the deployment of Distributed Energy Resources (DERs) in Malaysia.
The trial will enable participants to choose fossil fuel or renewable energy sources using Power Ledger’s platform
How the technology works
Power Ledger’s platform enables consumers to choose whether they wish to purchase clean, renewable energy or power from fossil fuels to promote and support the uptake of renewable energy in Malaysia.
SEDA’s partnership with Power Ledger is a great opportunity to testbed energy trading among prosumers and consumers using blockchain technology and understand surplus energy trading in Malaysia’s energy marketplace.SEDA CEO Ir. Dr Sanjayan Velautham
Malaysia aims to be 20 percent renewable energy
commercial sites trading P2P
installed solar capacity
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