Home

Top Jobs
Senior Project Engineer
CIVIL ENGINEER OR PROFESSIONAL ENGINEER
Energy Analyst- Project Engineer
Energy Engineer II
Senior Mechanical Engineer
Energy Program Design Supervisor-BU
Director of Engineering
Electricity Sector Specialist
Senior Energy Efficiency Program Analyst
Mechanical Engineer
Submit a Position
Find a Position

Upcoming Events
Uganda and Tanzania Localisation Forum 2018 / Mozambique Assembly 2018
Polana Serene Hotel, Avenida Julius Nyerere 1380, Maputo, Mozambique.,
1/22/18 - 1/26/18
AME Roundup 2018
Vancouver Convention Centre West, 1055 Canada Place, Vancouver V6C 0C3, Canada,
1/22/18 - 1/25/18
Africa Energy Forum: Off the Grid
Dar Es Salaam,
1/23/18 - 1/25/18
East Africa Energy and Infrastructure Summit
Dar Es Salaam,
1/23/18 - 1/23/18
MiaGreen Expo & Conference 2018 (9th edition)
777 NW 72 Ave,
1/24/18 - 1/25/18
Submit an Event
View All Events


Sain Featured Employer

Blockchain Electricity Project Unites S. Korean Ministry of Science, KEPCO

 

Follow energycareer on Twitter

Sign-Up for Free Energy, Facility, Power Newsletter (EFPN) newsletter

 

 

 

South Koreas Ministry of Science, ICT and Future Planning (MSIP) and Korea Electric Power Corporation (KEPCO) have developed a blockchain-based system for neighborhood electricity trading and electric vehicle (EV) charging. The goal of the project is to provide relief to businesses or households that face heavy electricity bills.

The two organizations will test the blockchain system in two apartments in Seoul and nine buildings within KEPCOs facilities. The system will allow households that produce power on their own, such as through solar power, to sell their electricity to nearby inhabitants.

Users will post their offer on the platform and be connected to a buyer that can accept it, the Ministry said. They will then gain energy points that can be refunded in cash or be used directly to pay the bills. It can also be used in power stations for electric cars.

MSIPs purpose is to set, manage, and evaluate science and technology policy, support scientific research and development (R&D), develop human resources, conduct R&D leading to the production and consumption of atomic power, plan national informatization and information protection strategies, manage radio frequency bands, oversee the information and communications technology (ICT) industry, and operate Korea Post.

KEPCO is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. It is responsible for 93% of the countrys electricity generation.

Return Home

 

Follow energycareer on Twitter