Power Ledger to Run Blockchain Energy Trade Trial in Malaysia
October 10, 2019
Power Ledger partners with Sustainable Energy Development Authority (SEDA) to run a P2P energy trading trial inMalaysia.
Power Ledger is currently running trials in Japan, Thailand, the US, and Australia.
Achieving for Renewable Energy
Malaysia is currently implementing new regulations in the electricity market. The trail becomes significant in this matter.
The country is aiming to achieve a renewable energy
target of 20% by 2025 by ‘leveraging rooftop photovoltaic (PV) solar panels.’
The solar power generated by buildings can now sell their remaining energy to the Power Ledger trading platform.
Surplus Energy Trading in Malaysia
Malaysia have only 2% of the electricity coming from renewable resources.
SEDA is hoping that the partnership can boost the solar PV market and deployment of distributed energy resources (DERs).
“Malaysia has more than four million buildings with rooftop solar potential in Peninsular Malaysia. The trial with Power Ledger will give SEDA better insights into consumer preferences and price model testing,” SEDA CEO Dr. Sanjayan Velautham.
‘Earlier this year, The Star Online reported that Malaysia can generate 1.4 times more electricity if all roofs in Peninsular Malaysia are fitted with solar panels.’
SEDA’s CEO adds:
“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.”
The eight-month trial is expected to start by the end of this year. Power Ledger is running two energy trading trials in Japan, one in the Kanto region and one in Osaka.
Source: ledgerinsights.com | powerledger.io
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.
The people of the Chinese city of Shenzhen will have a chance to participate in an upcoming lottery event to encourage the adoption of the country's new central bank digital currency (CBDC), known as the DC/EP, digital...
BitMEX Research has identified a suspected double-spend transaction valued at 0.00062063 BTC or around $21 and it doesn’t appear to be an instance of that popular replace-by-fee wallet hacks. It has been reported that...
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.