[Japan] Miyagi Prefecture and Tohoku Electric Power Company Jointly Conduct a Pilot Project for a Virtual Power Interchange System and Virtual Power Plants

On August 8, 2019, Miyagi Prefecture announced that it has partnered with Tohoku Electric Power Company to conduct a pilot project for a virtual power interchange system and virtual power plants (VPP). The project aims to advance the efficiency of renewable energy by using digital technology.

 The project will begin operation soon and run until March 2021. It will test VPP and P2P (peer-to-peer) energy sharing using solar power generation facilities and storage batteries installed in 7 regional joint government offices in Miyagi Prefecture. The electricity produced by solar power and electricity demand in each building will be measured via blockchain technology. The project will also examine how to transfer surplus electricity from one building to another, verifying the effect of P2P energy sharing. Additionally, a storage battery installed in the Kesennuma regional joint government office will be remotely monitored and optimally controlled by a VPP to extend the life of the storage battery and verify its capability to balance power supply and demand.[1]

[1] http://www.tohoku-epco.co.jp/news/normal/1202078_1049.html

[Japan] Hokkaido Electric Power has Partnered with INDETAIL To Conduct Blockchain Electric Vehicle Platform Research

Hokkaido Electric Power and a Japanese blockchain company, INDETAIL[1], announced on June 6, 2019, that they have jointly conducted research on the construction of electric vehicle (EV) platforms.

With the widespread use of electric vehicles and plug-in hybrid vehicles (EVs), the research project aims to facilitate the development of a platform for the management of EV charging stations by utilizing blockchain technology and Internet of Things (IoT). These advanced technologies will provide EV charging station owners and users with value-added services to improve their convenience. Through the internet, the owners will be able to perform automatic payment procedures, check the charging status of each EV charging station, and set up flexible pricing; while users can check the location/availability of the EV stations and make reservations for EV charging stations through their smartphones.

In 2019, the project will design and simulate the system for the platform. The demonstration project will be carried out after 2020. Hokkaido Electric Power will analyze the current status of EV stations in Hokkaido and will identify the requirements for building an EV platform. Meanwhile, INDETAIL will provide consulting on the use of blockchain technology. Hokkaido Electric Power and INDETAIL plan to jointly file a patent application in June 2019.[2]

[1] https://www.indetail.co.jp/company/

[2] https://www.hepco.co.jp/info/2019/1240521_1803.html

[Japan] Marubeni and LO3 Energy Launched a Blockchain Pilot Project in Japan

Marubeni Corporation and LO3 Energy, a New York-based blockchain technology vendor, announced on February 20, 2019, that they have launched a blockchain pilot project in Japan. The project aims to evaluate the effectiveness of the technology when applied to the power sector, as well as better improving Marubeni’s understanding of how to provide its customers with additional offerings using the blockchain technology. LO3 Energy, founded in 2012 in New York, has had extensive experience in developing blockchain-based peer-to-peer (P2P) energy trading platforms in the United States, Europe, and Australia. Marubeni is Japan’s fifth largest trading company, with a strong electrical and industrial plant business. The global rapid transition of the power sector towards decarbonization, decentralization, and digitalization is expected to accelerate P2P energy trading among DERs (Distributed Energy Resources), which are owned and operated by end-users. Marubeni has decided to partner with LO3 Energy in order to be at the forefront of the market change.

In the project, LO3 Energy will use blockchain to create a virtual electric marketplace, helping Marubeni to promote P2P energy trading among its self-owned power generators and its customers/end-users. It will test the virtual energy transaction network through LO3 Energy’s platform, by installing blockchain-enabled meters at energy sources and customers’/end-users’ sites and facilities.