• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Blockchain / Power Ledger Announces Plans to Create Renewable Energy Credit Marketplace in SE Asia
windmills 984137 1920 scaled

Power Ledger Announces Plans to Create Renewable Energy Credit Marketplace in SE Asia

August 26, 2020 by Reena Shaw

Heralded as the next chapter in smart technology, many startups, as well as big firms are now gearing up to unlock the potential that blockchain holds to bolster the shift to green energy.

In recent developments, Australia-based energy trading company Power Ledger and Thai renewable energy company BCPG have announced plans to expand their long-standing partnership with the launch of the Renewable Energy Certificate [REC] market for Thailand and South East Asia.

BCPG is the renewable energy arm of the Thai state-controlled energy firm, the BCP Group which operates in a number of Southeast Asian countries, including Vietnam and Indonesia.

According to the official announcement, BCPG will generate RECs based on meter readings derived from Power Ledger’s peer-to-peer [P2P] platform already in use by the Thai company. In addition, the entire process of issuing, trading, as well as retiring RECs will be stored on Power Ledger’s blockchain.

Power Ledger also claims to be able to process high-volume REC transactions, which can help companies meet their greenhouse gas emission targets.

Dr. Jemma Green, who is the Power Ledger Co-Founder and Executive Chairman said,

“Power Ledger and BCPG are creating the first REC marketplace of its kind in Asia, bridging the gap between buyers and sellers by providing an end-to-end solution that tracks REC generation, trading and retirement through one integrated online system without the need for a broker.”

The blockchain energy firm had previously partnered with the Midwest Renewable Energy Tracking System [M-RETS] in a bid to launch a REC marketplace in the United State. Green further revealed that Power Ledger was looking forward to building on the work in the United States and deploy a similar model in the wider Asian market.

The two firms have previously worked together in a number of initiatives. One such project is the P2P energy trading network in the T77 urban precinct in Bangkok that dates back to 2018.

Similarly, Power Ledger has previously worked alongside Japanese energy firm Kansai Electric Power Company [KEPCO] to promote green energy use by creating and tracking renewable energy certificates along with solar energy trading.

Filed Under: Blockchain, News Tagged With: power Ledger, Thailand

Primary Sidebar

Recent Posts

  • Expert Who Told People To Buy Bitcoin At $1 Says Buy This Shiba Inu Rival At $0.00000035 June 21, 2025
  • Ethereum Whale Nets $12.15M by Flipping Long and Short Positions June 21, 2025
  • Pump.fun Faces Delay in Token Sale Amid Mounting Legal Troubles June 21, 2025
  • Polkadot Expands Multi-Chain Tech While Lightchain AI Expands Wallet Demand After Presale Milestones June 21, 2025
  • Cardano Scores Major Victory as Ford Embraces Blockchain for Legal Files June 21, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.