Thai Digital Energy Development (Thailand) has signed a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business.
The deal, also in collaboration with energy suppliers in Thailand, seeks to develop solutions for peer-to-peer energy trading and environmental commodity trading, Australia-based Power Ledger, according to news release on NASDAQ.
Ultimately, the partners aim to assist Thailand’s drive to hit a 25% renewable energy target by 2037 as the nation transitions away from fossil fuels.
“Blockchain-enabled transactive energy solutions including peer-to-peer (P2P) energy trading, virtual power plants as well as renewable energy certificates and carbon credits trading will be the key to establishing economically viable renewable energy markets,” said Power Ledger’s co-founder and executive chairman, Jemma Green in a statement.
