Kyocera, ALI Technologies and REXEV to build a regional renewable energy sharing model using blockchain

Kyocera Corporation, in collaboration with A.L.I. Technologies, Inc. and REXEV Inc. announced on September 9 that it has been selected by the Japanese Ministry of Economy, Trade and Industry (METI) for a regional microgrid construction project. The project aims to build a regional renewable energy sharing model using blockchain.

In addition to the three companies that have been selected for this project, a consortium will be formed with Odawara City in Kanagawa Prefecture, Shonan Electric Power Company and other companies to work on this project.

The project is also aimed at building a sustainable community and will be carried out in Odawara City from September 2020 to February 2022. Odawara City is promoting the expansion of the introduction of renewable energy in cooperation with the public and private sectors.

This project will supply surplus electricity from the solar power generation systems installed in ordinary homes in Odawara City to large storage batteries and EVs in the area.

In addition to unifying the management of power generation, demand and surplus through Region Energy Management (REM), which realizes local production for local consumption, the project also aims to build a model for sharing the region’s renewable energy through blockchain.

In case of an emergency, the project will disconnect from the grid and operate a microgrid using some solar power generation, storage batteries and EVs to strengthen the resilience of the region.

(images:iStock/panimoni)