State Grid Shandong Provincial Electric Power Company: Realizing micro-grid purchase and sale of electricity through building a blockchain distributed energy trading platform

According to the China Energy News report, several parks of the State Grid Shandong Provincial Electric Power Company have launched relevant pilot applications. By building a blockchain distributed energy trading platform, they have realized photovoltaic power generation, energy storage, wind power, and power grids in different microgrids. Between the purchase and sale of electricity, this reduced the design capacity of the charging pile by 57%, the overall electricity cost by 7%, and the photovoltaic revenue by 12%, and reduced the investment in grid equipment, increased transaction transparency, and reduced energy transaction costs.