GREEN ENERGY SOLUTION
KEPCO, the largest power provider in South Korea, has affirmed that the company will start using the blockchain technology
and other innovative energy solutions in order to develop its next-gen micro grid. The information was originally sent to the media via a press release today, November 19.
With a market cap of $15.9 billion USD, KEPCO is a state-based company that has a virtual monopoly over the power generation in the country. The new Open MG (micro grid) of the company will harness the blockchain tech and some other technologies as a way to improve the energy infrastructure of the company, particularly the local hydrogen industry and its economy.
This way, the new service will focus on decentralization, digitalization and decarbonization of the hydrogen industry, as these three trends will drive the future of the industry in the country, the press release has reported.
The company has also created some popular products in the country like a stable power energy like small PhotoVoltaics that is used to generate solar energy and wind turbines, as well as the popular energy storage system developed by the country.
About KEPCO’s Open MG
The new KEPCO Open MG will draw on an additional fuel cell that will be used by the company. This new power cell will be a power source that will increase the energy self-reliance and the efficiency at large of the structure without emitting any greenhouse gas.
By turning this new technology into the standard, the company has prevented a system bottleneck and the fragmentation of the whole industry, the report affirms.
The objective of the company will be to use the Open MG technology to create a full scale mega-wattage scale micro grid in South Korea. This would drive efficiency up.
KEPCO has partnered with the Mitsubishi UFJ Bank and the University of Tokyo for the development of the blockchain technology that will be used for the distributed electricity supply grid.
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.bitcoininsider.org/article/48186/korean-power-provider-kepco-utilize-blockchain-tech-build-next-gen-solar-micro-grid
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post welshmcauley welcome to Steemit enjoy. @garrettwallace
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @welshmcauley! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit