Clearway Energy Firm Of U.S. Will Launched Blockchain-Based Renewable Energy Trading Platform
Clearway Energy Firm Of United States is planning to launch the Blockchain-based Renewable Energy Trading Platform reported on 28 June 2019.
As per the report, the Clearway Energy Group partnered with Power Ledger Ethereum based trading startup in order to develop a new system for trading renewable energy certificates.
Power Ledger said in the report that the solution will be tested in Massachusetts in the starting days with the aim to generate 1-5 megawatts of electricity there and then the second test will be started in the Midwest with the aim to generate more than twenty megawatts of electricity.
The report says that The renewable energy of the United States certificates market presently having energy over $3 billion capacity and another 3% to 10% can also be added as transaction cost to that certificates.
But the new trading platform will have to be cheaper and more efficient than existing methods. The plan is for Clearway to test it for several months, then expand it in early 2020
– Power Ledger Executive Chairman Jemma Green
Last week, The world’s largest palladium miner Norilsk Nickel (Nornickel) has integrated the blockchain technology into their company processes.
