Kyocera Corporation and New York-based LO3 Energy Inc. today announced a joint project to test the feasibility of a blockchain-managed virtual power plant (VPP) utilizing a peer-to-peer distributed consensus network.

The test will start Feb. 28, 2019 at Kyocera’s Yokohama Nakayama Office in Kanagawa Prefecture, Japan, where a small VPP will be installed using the company’s solar photovoltaic (PV) modules and batteries. The energy will be controlled through LO3 Energy’s distributed ledger technology to log and manage energy flow. The demonstration will test the verifying and recording of transactions via blockchain, enabling consumer "sharing" of energy they produce with their own solar panels via a microgrid, which can reduce the burden on the larger energy grid

See details in this news release

Tags:
Blockchain   Innovation  

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