The Provincial Electricity Authority (PEA), a state power distribution arm, has adopted an electronic letter of guarantee (e-LG) integrated with blockchain technology to reduce operation costs and enhance business efficiency.
KUALA LUMPUR: Solarvest Holdings Bhd (SHB) and Envision Digital International Pte Ltd (EDI) inked a partnership to enhance the area of renewable energy production. Under the collaboration, SHB will be the exclusive distributor and delivery partner of EDI’s cloud-based advanced analytics applications for Malaysia’s solar industry, with the first step of deploying its advanced analytics and […]
ROYAL Dutch Shell has selected its Pulau Bukom site in Singapore as the first site globally to pilot its virtual-manufacturing technology. Named Digital Twin, the new technology is set to be completed in 2024 and will be a “complete virtual representation” of the physical elements on site, the oil major said in a press statement on […]
Blockchain-enabled approaches to advancing the transition to renewable energy sources are making inroads in new regions. On Aug. 25, Australian blockchain firm Power Ledger announced its forthcoming launch of a marketplace for trading renewable energy certificates (RECs) across Thailand and the Southeast Asian region.
The COVID-19 pandemic has brought about some unexpected positive environmental consequences. With economies now at a virtual standstill, carbon output could fall by more than 5 percent year-on-year – something not seen since the end of World War II.
Metro Manila (CNN Philippines, May 22) — Major power distributor Meralco on Friday committed to expand meter reading among all its customers to reflect adjustments in the June billing statement. In an online Joint Congressional Energy Commission hearing, Victor Genuino, Meralco first vice president and head of customer retail services and corporate communications, said less than one […]
The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade. A blockchain system would cut out the middleman between palm planters and palm oil mills, in theory allowing planters to sell the commodity at higher prices.
OPENSYS Technologies Sdn Bhd, a subsidiary of OpenSys (M) Bhd, is allocating RM650,000 of its total capital expenditure this year for system development amid the growth potential of the solar sector in Malaysia. Following the launch of buySolar — Malaysia’s first one-stop online marketplace for solar services and products — the company has several more […]
The state-run Electricity Generating Authority of Thailand (Egat) has initiated a test of peer-to-peer power trade from solar rooftops, planning to enter the prosumer trade in the coming years. Governor Viboon Rerksirathai said Egat installed solar panels on top of its headquarters in Nonthaburi to conduct the test and collect power trade data. The power […]
Today, blockchain firm Power Ledger announced a partnership with the U.S.-based Midwest Renewable Energy Tracking System (M-RETS) to launch a Renewable Energy Certificate (REC) marketplace in the country. M-RETS is a web-based REC registry used by power generators, utilities, marketers, and qualified reporting entities. The centralized solution tracks RECs and facilitates transactions by issuing a […]