The Japanese technology company Kyocera uses the blockchain to test the sale of electricity in a solar power plant (VPP).
According to Kyocera, VPP will be installed with its own solar modules and batteries with the participation of LO3 Energy, an American startup focused on building blockchain-based “smart grids” for energy trading.
According to Kyocera, VPP will be installed with its own solar modules and batteries with the participation of LO3 Energy, an American startup focused on building blockchain-based “smart grids” for energy trading.
The application on the blockchain will check and record transactions between producers and consumers of electricity from the station and allow them to share the energy generated by the micro-network, an installation that will reduce the load on the wider network.
“The LO3 Energy blockchain platform helps control the generation of electricity and the availability of connected users, which helps create an effective testing environment,” - according to the Kyocera statement.
The Japanese corporation reports that the experience gained from the implementation of the project under the leadership of the Japanese government will allow the results to be used to give up remote control in favor of the distributed one.
The growth of peer-to-peer models is expected to have a significant impact on the energy industry, where interest in retail model applications is increasing.
