Power Ledger Partners with Japan’s Renewable Green Energy Giant, Sharing Energy, to Collect Energy Consumption Data
On Wednesday, Power Ledger, a blockchain based energy company located in Australia announced on Medium a partnership with Share Energy, a Japan-based solar energy company. The partnership aims to push the application of Power Ledger’s blockchain technology to help Share Energy collect data from their renewable energy users such as the number and consumption of energy.
The project is still in the test net period with 100 Share Energy customers from Kansai, Chubu and Kyushu regions set for the testing.
The company targets to move from installing 100 homes with the system to over 55,000 homes across the world by 2020. The company has focused its partnerships in Asia in the past months with a special focus on reducing carbon emissions across the continent while promoting renewable sources of energy.
Power Ledger nodes are spread across Australia, Asia and North America (Image: Power Ledger)
Speaking on the partnership between the two energy companies, Dr. Jemma Green, Chairman, and co-founder of Power Ledger appreciated Share Energy for their efforts in promoting clean energy in Japan. Furthermore, Jenna said Power Ledger was committed to democratizing energy across the globe using blockchain technology.
Sharing Energy will start using Power’s decentralized peer-to-peer blockchain to trade electricity across the regions mentioned above through smart meters. Notwithstanding Power will collect data on the trading process between Japanese citizens and offer Sharing Energy a platform to conduct research on renewable energy. The smart meters will be connected to Power Ledger’s blockchain allowing the seamless transfer of data in real time.
The President of Sharing Energy, Emiko Koga was delighted at the partnership with Power Ledger as they continue to find better sources of renewable energy. The partnership will positively impact Japan’s energy sector as the country continues to formulate new and efficient methods to buy and sell energy to its citizens.
Power Ledger has had a successful year after being the first blockchain company in Australia raising an ICO totaling $27 million USD. The company’s goal is to provide clean, affordable and renewable sources of energy to its customers. The blockchain created by Power Ledger collects the data of energy use and allow developers to create dApps which can be monetized.
By creating an automated trading market for energy products, Power Ledger expects to improve the lives of all their customers no matter where they live.