Power Ledger Expands its Partnership With Japan’s second Largest Energy Retailer

Power Ledger (POWR), the Australian blockchain-based cryptocurrency and energy trading platform has expanded its partnership with Japan’s second largest energy retailer KEPCO. This was announced on Power Ledger’s official website.

This will allow the Japanese electricity company Kansai Electric Power Co Inc (KEPCO) to create and track Renewable Energy Certificates (RECs) as well as solar energy trading using Power Ledger’s blockchain.

According to WIKIPEDIA, KEPCO is responsible for 93% of Korea’s electricity generation. The South Korean government owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW.

Power Ledger is a fast growing tech startup that has developed a world-first blockchain enabled energy trading platform to make energy markets more efficient. Power Ledger’s proprietary software is currently being used in multiple countries including Australia, Thailand, India, Japan and the United States.

Power Ledger was founded in in late 2016 by Jemma Green and Dave Martin, the project launched its pre-sale on 27 August 2017. In three days, over 100 million POWR tokens were sold, with 25% sold in the first hour. An extra 5% of tokens was awarded to every transaction that took place during the pre-sale. Power Ledger raised $17 million AUD during its pre-sale, which ended on 3 September 2017.

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