Kyocera Corporation and LO3 Energy recently
announced a joint project to test the potential of running a blockchain based virtual power plant (VPP), a network of decentralized medium-scale power generating units.
The test started on 28th Feb 2019 at Kyocera’s Yokohama Nakayama office in Japan, where a small VPP has been installed using the firm’s solar panels and batteries. LO3 Energy’s blockchain technology will be used to record, verify and manage flows of energy and their related transactions. This should enable Kyocera to ‘share’ the power that they produce with their solar panels through a mini energy grid, reducing the burden carried by the larger energy grid.
Kyocera’s interest in blockchain
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