Listed property firm SC Asset Corporation Plc and alternative energy firm BCPG Plc have launched their “Sun Share Project” collaboration, as the two leading-edge companies look to blockchain to manage solar roof systems for household consumption and electricity transactions for the first time at “Neighbourhood Bangkadi”.
The innovative energy management is designed to ensure sustainable benefits for customers.
Nuttaphong Kunakornwong, chief executive at SC Asset Corporation Plc, said that once implemented, the project would enable residents to automatically buy and sell electricity via a blockchain platform without paying an installation fee.
The project consists of seven detached single house and townhome projects to accommodate around 1,800 SC Families. “Sun Share Project” will be piloted at some locations inside Venue Tiwanon-Rangsit and Verve Tiwanon-Rangsit, Customers will be able to use the service around the fourth quarter of 2019.
In addition, SC Asset and BCPG will further develop blockchain to link with the BaanRueJai Application to facilitate convenience for customers in the future, he said.
BCPG Plc’s president, Bandit Saphianchai, said his company will design, install and oversee the overall power-trading system, starting from the third quarter of this year. BCPG also plans to expand the capacity to meet an increasing demand for clean energy from other projects in the future.
The project will promote the so-called circular economy, because every unit of power will be used or exchanged without any surplus or spare. Electricity will not be wasted or lost, creating a network of green consumers in line with an effort to build low-cost, low-carbon energy for a sustainable future, he said.