Today, Australian blockchain firm Power Ledger announced a partnership with Thai Digital Energy Development (TDED) to develop the country’s trading infrastructure for energy and environmental commodities.
Power Ledger previously ran trials of its platform in Thailand with state controlled renewable energy company BPCG. The TDED is a joint venture between BPCG and the Provincial Electricity Authority (PEA) of Thailand. It is working on transforming the power business in the country and decentralizing the market. Thailand aims to double renewable energy production to 30% by 2037.
Power Ledger will provide its blockchain solutions for four renewables projects at the BCPG Group under the new deal. The initiatives are part of a ‘Sandbox Project’ of Thailand’s Office of Energy Regulatory Commission to increase renewables use.
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