Whaleshares Logo

Mitsubishi Electric develops new blockchain for P2P energy trading

puncakbukitPosted for Everyone to comment on, 3 years ago

Japan's Mitsubishi Electric Corporation and the Tokyo Institute of Technology are teaming up to develop a blockchain platform to facilitate peer-to-peer (P2P) energy trading.

In 2012, Japan introduced feed-in tariffs (FIT) to boost renewable energy investment by allowing producers of solar and other renewable electricity to sell electricity to utility companies at a fixed price.

Mitsubishi Electric's system aims to enable P2P energy trading, allowing consumers (energy suppliers) to easily trade their surplus solar energy.

Source:

Sign Up to join this conversation, or to start a topic of your own.
Your opinion is celebrated and welcomed, not banned or censored!