Mitsubishi Electric & Tokyo Tech Develop Blockchain Technology

Source: www.gulfoilandgas.com 1/17/2021, Location: Asia

Mitsubishi Electric Corporation and Tokyo Institute of Technology (Tokyo Tech) announced their joint development of an original blockchain technology that can optimize peer-to-peer (P2P) energy trading. The technology is expected to contribute to more effective use of surplus electricity from renewable energy by creating trading environments that flexibly respond to shared trading needs, particularly to maximize the amount of surplus electricity available in the market at any given time. Beginning in April, the P2P energy trading system’s performance will be evaluated to further optimize the algorithm as required, aiming at the earliest possible commercialization.

In the collaboration, Mitsubishi Electric has taken charge of designing the P2P energy trading system and its clearing (transaction-completion) functions while Tokyo Tech has handled blockchain technology R&D and the design of an optimal clearing algorithm.


Scotland >>  9/23/2021 - - Wood's hydrogen plant technology coupled with Honeywell UOP EcofiningTM process technology and carbon capture and storage can reduce lifecycle green...
United Kingdom >>  9/22/2021 - CRP Subsea is launching its new Motion Stabiliser technology, specifically designed to protect cables, umbilicals and flowlines from motion instabilit...

India >>  9/16/2021 - W. R. Grace & Co. (GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed it...
United States >>  9/16/2021 - Axens and Arol Energy have signed a license agreement for Axens' Connect’In® technology. This service offer will now be proposed by Arol Energy to its...

South Africa >>  9/15/2021 - Haldor Topsoe and Sasol have expanded their G2L™ collaboration to jointly license and develop their technologies for sustainable liquid fuels and chem...
United States >>  9/13/2021 - - Advanced design of FCC feed injectors delivers improved performance and efficiency
- Technology underscores Lummus’ commitment to innovation a...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.