Fujitsu Limited and Fujitsu Laboratories Ltd. announced that they have applied blockchain technology to develop a system for trading related to energy shortages and surpluses among electricity consumers, including factories and retail stores.

A simulation was conducted in concert with ENERES Co., Ltd. in Japan's energy market

"Fujitsu has now devised a system in which electricity consumers can efficiently exchange among themselves the electricity surpluses they have produced through their own electricity generation or power savings. The company then applied blockchain, and with the cooperation of ENERES Co., Ltd., the system was used in a simulation using the actual data of electricity consumption. The result was an approximately 40% improvement to the DR success rate," the company said

See this news release for more

Tags:
Innovation   Blockchain  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Head-of-Retail-Operations -- Wholesale Supplier/Trader -- Other
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Shell, Microsoft, Others Launch the Open AI Energy Initiative, Ecosystem of AI Solutions '
Schneider Electric Collaborates With Station A For AI-Based Distributed Energy Solutions
Amazon Announces $2 Billion Climate Pledge Fund to Invest in Companies Building Products, Services,
Blockchain Company Launches Energy Spinoff
Report: Tesla Applies For UK "Electricity Provider Licence"