Today, Aussie blockchain firm Power Ledger announced a trial for peer-to-peer (P2P) solar energy trading in Japan’s Kanto region. The company has partnered with Japanese solar provider Sharing Energy and electricity retailer eRex for the project.
This is the second such trial of
Power Ledger’s platform in Japan. The company had earlier collaborated with
KEPCO to demonstrate P2P power trading in Osaka. The initiative with Sharing Energy and
eRex is scheduled to run until December 2019.
Renewable energy sources are a high priority for the country. Japan’s energy self-sufficiency ratio fell to 9.6 percent in 2017 after the 2011 Fukushima nuclear incident, according to data from Japan’s Ministry of Economy, Trade, and Industry. The majority of nuclear power plants were shut down and few have come back online. Most of the materials to generate electricity are imported into the country. Natural gas sources account for 40% of Japan’s power supply, coal 33% and oil 9% per
PowerMag.
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