Power Ledger and Kansai Electric Power Co. (KEPCO) have announced that they are going to become partners in pilot trading by renewable energy in Japan. The platform testing will take place in Osaka.
Kansai Electric Power Co. is the second largest Japanese company in electrical energy industry. KEPCO is planning to use the platform for support of development of virtual power plants where generating and storage facilities owned by consumers can be used for support of local energetic demands. The managing director and co-founder of Power Ledger David Martin said it was very important to test the platform in such a large city as Osaka. Power Ledger will provide KEPCO an access to its trading platform in order to facilitate energy trade between participants and ensure control of the process. Power Ledger system will give KEPCO an opportunity to track the generation and consumption of energy by all the consumers, and to make payments on energy transactions on preliminary defined conditions in real time mode.