Thai state power company PTT has teamed up with non-profit Energy Web Foundation to launch an Ethereum-based renewable energy certification system. Up to now, Thailand and its neighbors have been “largely untapped markets” for renewable energy certificates that meet international standards, according to the EWF, with the majority stemming from the U.S. and Europe. The distributed ledger technology (DLT) platform, which will be built on the public Energy Web Chain, will validate that companies have generated green energy from sustainable sources and aims to be compliant with the International Renewable Energy Certificates Standard. “Through this project, we are working towards a more efficient use of energy, while also helping people in developing countries access clean energy,” said PTT’s chief executive officer
Thai state power company PTT has teamed up with non-profit Energy Web Foundation to launch an Ethereum-based renewable energy certification system. The distributed ledger technology (DLT) platform, which will be built on the public Energy Web Chain, will validate that companies have generated green energy from sustainable sources and aims to be compliant with the International Renewable Energy Certificates Standard. “Through this project, we are working towards a more efficient use of energy, while also helping people in developing countries access clean energy,” said PTT’s chief executive officer