KYOCERA and LO3 ENERGY to Demonstrate Blockchain-Managed Virtual Power Plant
Summary
KYOTO, Japan--( BUSINESS WIRE )-- Kyocera Corporation (TOKYO:6971) and New York-based LO3 Energy Inc. (CEO: Lawrence Orsini) today 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 start Feb. 28, 2019 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. “Kyocera is committed to developing low-carbon solutions that maximize renewable energy resources,” said Hironao Kudo, Deputy General Manager of Kyocera Corporation’s Corporate R&D Group. By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of semiconductor packages, industrial and automotive components, electronic devices, solar power generating systems, printers, copiers and mobile phones. The company builds blockchain-based tools and projects to support and accelerate the proliferation of distributed energy, utilities and computation sharing economy of the future.