Japanese businesses test blockchain to trade renewable energy

This week independent power producer Marubeni and LO3 Energy said they have started a pilot project in Japan where LO3 will administer an energy marketplace using blockchain to connect a number of Marubeni’s power production facilities, including renewables, with offices and factories around Japan in a virtual marketplace. The project will simulate energy transactions to test the viability of the concept with the ultimate goal of creating a full-scale commercially operational network in the future.

from Energy Efficiency RSS Feed https://www.renewableenergyworld.com/articles/2019/02/japanese-businesses-test-blockchain-to-trade-renewable-energy.html