Power Ledger Energy Blockchain Project Looks To Charge Bangkok Community Using Solar Power Grid
Power Ledger, the Aussie run solar company has started supplying power on a P2P based system in Bangkok Thailand. Customers can now buy and sell energy to one another using the grid. Trials have already begun in the 177th precinct of the city, in an across the meter energy marketplace that is designed to provide inhabitants of the gird access to extra energy when they need it.
Solar power runs the entire operation of sustainable energy. The grid is 8 hectares in total, running in the center of the countries highly populated capital city.
Anyone who is taking place in the new setup will have access to sustainable energy. The energy is also used to run stores, schools, and hospitals along with the apartments and homes. Power Ledger promises to deliver a massive 635KW of solar power to the people living in the area. The MEA will give access to people who are looking to buy and sell it on Power Ledger’s specialized blockchain technology.
Persons living in the area will finally be able to supply their own power, meeting their personal needs, which in turn means more affordable energy for everyone with less of an impact on the environment. Encouraging customers to use renewable energy instead of expendable resources is the primary objective of the new solar grid blockchain movement.
Thai energy company BCPG is also taking part in the design of the solar panels and meters to ensure they meet the requirements of the local Thai government. Power Ledger’s platform is used merely as a way to charge customers while giving them the ability to manage their own energy.
If the trials go as planned, then the companies plan on replicating the system across 31 other projects over the course of a few years. The combined projects will hold an energy resource in the realm of 2MW, a substantial amount by any means.
New blockchain technologies will be used to run the operations, thereby securing a better future for energy in Thailand. Solar technology is the focus, as is the use of rechargeable batteries which are restored through the sun’s energy. The result of the entire process will be a sustainable energy source that is clean with a low carbon impact.
Should the United States or other countries follow in the footsteps of Power Ledger and Thailand? Tell us your thoughts in the comment section below.