A SET-listed renewable power arm of oil refiner and retailer Bangchak Corporation Plc (BCP), is employing the blockchain to trade and supply Thailand with electricity, says the president and chief executive of BCPG Bundit Sapianchai.
BCPG recently signed an agreement in Bangkok with Perth-based Power Ledger to bring person-to-person renewable energy trading to Thailand and Southeast Asia.
Mr Bundit said BCPG plans to set up the first micro-grid in Bangkok, which will be the first in Southeast Asia to be used by the leading property developer, Sansiri Plc, for its T77 project.
The T77 project will span 80 rai. The first project with a distributed power grid is expected to start operations by mid-2018.
“The Power Ledger energy-trading platform allows building managers to trade renewable energy from solar panels installed at each building with autonomous financial settlement enabled via the use of a secure banking interface,” said Mr Bundit.
If you’re interested in Blockchain technology and how the renewable energy industry is moving forward with it, clock here to read the full article on the Bangkok Post website.
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