Australia’s Power Ledger inks Thailand digital energy trading deal

Published onMay 28, 2020

Western Australian headquartered blockchain cryptocurrency and energy trading platform Power Ledger has signed a deal to establish a digital energy trading business in Thailand, in partnership with Thai Digital Energy Development (TDED). Under the partnership Power Ledger and TDED – a subsidiary of Thailand’s Provincial Electricity Authority (PEA) and renewable power company BCPG Group – will jointly create a blockchain-based digital energy business developing peer-to-peer energy trading and environmental commodity trading solutions in Thailand. The Perth-based Power Ledger says the new partnership expands its foothold in Thailand, with aims to generate 25% of its electricity from renewable energy sources by 2037. “Blockchain enabled transactive energy solutions including peer-to-peer (P2P) energy trading, virtual power plants as well as renewable energy certificates and carbon credits trading will be the key to establishing economically viable renewable energy markets,” said Power Ledger’s Co-Founder and Executive Chairman Dr Jemma Green.