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KYOCERA and LO3 ENERGY to demonstrate blockchain-managed virtual power plant

Kyocera Corporation and New York-based LO3 Energy Inc. announced a joint project to test the feasibility of a blockchain-managed virtual power plant (VPP) utilizing a peer-to-peer distributed consensus network.

The test will start 28 Feb. 2019 at Kyocera’s Yokohama Nakayama Office in Kanagawa Prefecture, Japan, where a small VPP will be installed using the company’s solar photovoltaic (PV) modules and batteries. The energy will be controlled through LO3 Energy’s distributed ledger technology to log and manage energy flow.

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Testing site at Yokohama Nakayama Office.

LO3’s blockchain technology is used for verifying and recording transactions, enabling consumer “sharing” of energy they produce with their own solar panels via a microgrid, which can reduce the burden on the larger energy grid.

In Japan, where renewables play a major role in the government’s energy portfolio plans, a dedicated research initiative is under way to create new “smart” energy networks. Kyocera has continually provided solar power generating systems and storage batteries for Japan’s government-led VPP test projects, developing new expertise in remotely controlled distributed power resources. By combining Kyocera’s expertise with LO3 Energy’s blockchain technologies, the companies will evaluate VPPs that promote a low-carbon society without fuels or CO2 emissions.

VPP test project overview. Kyocera’s solar power generating systems and storage batteries will be installed in the Yokohama Nakayama Office to simulate separate power users. The companies will further develop their VPP technology using data from IoT sensors to increase the accuracy of distributed power sources used by the project’s simulated Transmission and Distribution System Operators.

In addition, the companies will examine power-control results using LO3 Energy’s expertise in blockchain technologies that have been proven worldwide. LO3 Energy’s peer-to-peer platform helps control power generation and availability among connected users, which facilitates an effective test environment. Through this testing, the companies will develop new ways to expand the efficiency of existing energy transmission and distribution networks in Japan and worldwide.

Comments

EllisTh25145797

I like to clarify the token use of Restart Energy RED MWAT-Token. My understaning is like this:

There are 2 Token.

MWAT Token, which you can trade on external exchanges, like Kucoin at the moment. This gives you access to the RED-Platform, where you can buy, sell, store or trade RED-internal energy token (KW-Token). And it gives you the right to start a franchise.

KW-Token This can be loaded up to 1 MWh. Each token holder of MWAT-Token will get a free monthly load of energy stored as KW-Token. So this is what you can imagine like a battery. You can trade your KW-token, or you can use them to pay your bill, if in your country RED has a residence or a franchise.

So the use of MWAT-Token will be to get free KW-Token, which you can trade on the RED-Platform. This is like a passive income.

I shared your post on my blog.

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