Power Ledger will run another blockchain-enabled trading trial in Japan’s Kanto Region.
The Australian tech firm has teamed up with companies such as Japanese solar provider Sharing Energy and electricity retailer eRex.
On October 3rd, Power Ledger shared the news with Cointelegraph that the energy trade trail will be run in Japan’s Kanto region by December 3rd.
Kanto- Hub of Japan’s economy
Power Ledger’s trial will track the surplus energy solar levels and energy trading in Japan’s Kanto region. The trail will integrate blockchain-enabled P2P platform with household smart meter systems.
Kanto is considered to be the main hub of Japan’s economy while being the second largest sub-national economy in the world after California in the United States.
Cheaper Energy Systems
The trial is scheduled for October 2019, it will demonstrate the ‘benefits of a distributed energy system in countering the significant feed-in-tariff (FIT) reduction’. It is expected to affect over 500,000 solar energy consumers.
‘The platform will reportedly allow trial participants to set prices and track energy trading in real-time to demonstrate settlement of surplus solar transactions.’
The region can potentially learn how to monetize renewable energy systems. It can allow access to cheaper energy systems.
The test is scheduled for December 2019 with Sharing Energy and eRex.
In August, Power Ledger ran its first energy trade trial in the Osaka region of Japan for post-FIT surplus power in partnership with Japanese Kansai Electric Power.