The search for sustainable means of production of energy, with the help of blockchain technology, has led the Japanese company Kyocera to sign a partnership with the American company LO3 Energy (New York) to improve the process of energy distribution.
By means of a press release issued this week, Kyocera -provider of solar energy– indicated that it will partner with LO3 Energy “to test virtual power plants (VPP) based on blockchain technology”.
The underlying objective is to create virtual power plants, smart energy grids, in line with the government’s energy policies and where Kyocera has broad participation.
According to the statement, “the point-to-point platform of LO3 Energy will allow controlling the generation of energy and its availability among the connected users, that is, it will manage the flow of energy“.
For his part, Hironao Kudo – Deputy General Manager of the Corporate Research and Development Group of Kyocera Corporation – expressed his enthusiasm for the partnership with LO3 Energy, “which has consistently demonstrated its blockchain technologies around the world.”
Lawrence Orsini, CEO of LO3 Energy, was willing to meet the challenge with the use of blockchain technology for micro-energy transactions, aimed at reducing carbon emissions.
M.Pino
Source: Coincrispy
