Australian energy trading technology company Power Ledger has expanded its partnership with Thai renewable energy business BCPG to launch an additional project that aims to create a renewable energy certificate (REC) marketplace in Thailand and the broader Southeast Asian region.
The project builds on Power Ledger’s existing relationship with BCPG that initially involved the deployment of Power Ledger’s peer-to-peer (P2P) renewable energy trading platform across the T77 urban precinct in Bangkok, Thailand. BCPG is now seeking to sell its RECs, based on meter readings derived from the P2P platform, in a REC marketplace that spans Southeast Asia, with the process of issuing, trading and retiring RECs to be recorded on Power Ledger’s platform.