Lition and NESA to Bring Decentralized Energy to South Africa
Johannesburg, South Africa — Lition and Nesa Capital, a Top 10 solar power plant operator in South Africa, are happy to announce they have signed a contract to begin exploring potential opportunities to eventually deploy the first commercially live peer to peer energy trading platform in South Africa. This partnership aims to provide critical infrastructure to lay the foundation for a market leading energy trading platform on the continent as soon as local regulations and legal frameworks are completed.
Nesa Capital will have privileged developer access to Lition’s blockchain technology. Percy Ying CFA, CA (SA), Nesa Capital’s Managing director believes Lition’s platform is key to ushering in a new era in energy infrastructure, “we are very happy to be an early enterprise partner of Lition. While we await further news and updates as to government’s plans for the future of the national energy grid, once laws and market regulation allows for more private sector participation in the national grid and energy infrastructure of South Africa, we strongly believe that the Lition platform can give us a competitive advantage in South Africa in becoming a leading provider of energy and energy related services.”
In this new endeavor, the parties will explore how consumers can buy and trade energy directly from local, green energy sources using blockchain peer-to-peer technology. This includes the 6.4 Megawatts operating and currently being built solar PV projects in the NESA Investment Holding portfolio, plus the pipeline of Nesa’s solar projects which is projected to have a cumulative installed capacity of 20 Megawatts over the next 24–36 months.
Lition already operates the world’s first and only peer to peer energy trading platform in Germany, with customers in over 100 cities, and is excited to license out the platform running on its proprietary blockchain infrastructure across the globe.
Lition Founder and CEO, Dr. Richard Lohwasser, explains why peer to peer energy trading is so important for both the grid and the planet, “current power systems propagate monopolies held by old guard energy companies heavily invested in dirty energy. This system drives up prices for consumers and constrains the growth of green energy producers. In countries with unstable grids like South Africa, centralized power sources only exacerbate these problems. People need to be able to choose their energy sources and take advantage of options close to home, where their access to power is less likely to be interrupted.”
About Nesa Capital — Nesa is a Top 10 independent solar power plant operator in South Africa, and is as credit manager focused on promoting inclusive growth in Southern Africa to create impact. Nesa owns 6.4 Megawatts of solar PV projects and has a pipeline of a cumulative installed capacity of 20 Megawatts over the next 24–36 months. Currently, Nesa has over 100 Million RND in assets under management.
About Lition Technology AG — Lition is a blockchain infrastructure and dApp developer, with 20 employees mostly based in Berlin. Lition’s new blockchain infrastructure addresses key commercial and business issues that have prevented blockchain networks from reaching widespread mainstream adoption so far. Lition has also developed and launched the world’s first commercially live P2P energy trading platform, currently serving customers in 100 cities across Germany.