Power Ledger to develop a Blockchain based digital energy business

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Thai Digital Energy Development (TDED) has recently announced that it has started a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business. TDED is a public-private joint venture which also signed a collaboration with energy suppliers in Thailand to develop solutions for peer-to-peer energy trading and environmental commodity trading.

Power Ledger is a fast-growing text startup that has developed a world-first blockchain-enabled energy trading platform to make the energy markets more efficient. Power Ledgers proprietary software is currently being used in multiple countries including Australia, Thailand, India, Japan, and the United States. The team consist of some of the world’s leading energy and blockchain experts to create a world powered by renewable energy

The aim of this partnership is to assist Thailand’s drive o hit a 25% renewable energy target by 2037. It is said that by almost by 2037 there will be a gradual decrease in the level of fossil fuel and of course this venture will help us their major focus is to increase renewable energy. This Australia based Power Ledger said that their collaboration with TDED would allow them to accelerate and promote the distributed digital energy market in Thailand.

BCPG is a Bangkok based firm dealing in solar, wind, and geothermal power, with operations in Indonesia, Japan, Thailand, and Philippians. Focusing on energy and carbon management at the megawatt “smart campus” at Chiang Mai University in Thailand’s north is the major aim of one of the first projects to come out of the Power Ledger collaboration.

Power Ledger is a 2016 founded Australia blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. This technology can also be used to trade renewable energy and environmental commodities. Their vision is a world where electricity is clean, reliable, affordable, and available to everyone. Maintaining their priority focus around superior product offerings, we remain committed to our vision for a democratized energy system.

This technology provides a way for consumers and energy companies to benefit from, and contribute to, a clean and affordable energy system.

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