Today, Aussie blockchain firm
Power Ledger announced a partnership with Malaysia’s Sustainable Energy Development Authority (SEDA), to pilot its peer-to-peer energy trading platform in the country.
The company is already running trails in Thailand, Japan, the United States and Australia. The trial in Malaysian project is significant as the country is implementing new regulations in the electricity market. It aims to achieve a renewable energy target of 20% by 2025 by leveraging rooftop photovoltaic (PV) solar panels.
Buildings that generate more solar power than they need will be able to sell it using Power Ledger’s trading platform.
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Image Copyright: Power Ledger
