Kyocera and LO3 Energy to Demonstrate Blockchain-Managed Virtual Power Plant
By combining Kyocera’s expertise with LO3 Energy’s blockchain technologies, the companies plan to evaluate virtual power plants that promote a low-carbon society without fuels or carbon dioxide emissions.
Kyocera Corp. and New York-based LO3 Energy Inc. recently 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 be conducted 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. 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 reports that it 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 plan to evaluate VPPs that promote a low-carbon society without fuels or CO2 emissions.
“Kyocera is committed to developing low-carbon solutions that maximize renewable energy resources,” said Hironao Kudo, deputy general manager of Kyocera’s corporate R&D group. “We are excited to be the company in the area of grid management in Japan to collaborate with LO3 Energy, which has consistently proven its blockchain technologies all around the world.”
According to Lawrence Orsini, CEO of LO3 Energy, “The need to reduce carbon emissions is exerting a profound impact on energy providers worldwide. Using distributed ledger technologies, our networks enable the micro energy transactions needed to meet this challenge. We believe the synergies between Kyocera and LO3 Energy will produce a new generation of virtual power plants that can accelerate Japan’s transition to a low-carbon society.”
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. LO3 Energy’s peer-to-peer platform reportedly helps control power generation and availability among connected users, which facilitates an effective test environment. Through this testing, the companies plan to develop new ways to expand the efficiency of existing energy transmission and distribution networks in Japan and worldwide.