KYOCERA and LO3 ENERGY to Demonstrate Blockchain-Managed Virtual Power Plant

Test VPP to combine companies’ peer-to-peer network technology and
renewable energy products for improved energy distribution

KYOTO, Japan–(BUSINESS WIRE)–Kyocera
Corporation
(TOKYO:6971) and New York-based LO3
Energy Inc.
(CEO: Lawrence Orsini) today announced a joint project
to test the feasibility of a blockchain-managed virtual power plant
(VPP) utilizing a peer-to-peer* distributed consensus network. The test
will start Feb. 28, 2019 at Kyocera’s Yokohama Nakayama Office in
Kanagawa Prefecture, Japan, where a small VPP will be installed using
the company’s solar photovoltaic (PV) modules and batteries. The energy
will be controlled through LO3 Energy’s distributed ledger technology to
log and manage energy flow. LO3’s blockchain technology is used for
verifying and recording transactions, enabling consumer “sharing” of
energy they produce with their own solar panels via a microgrid, which
can reduce the burden on the larger energy grid.


Background and Purpose

In Japan, where renewables play a major role in the government’s energy
portfolio plans, a dedicated research initiative is under way to create
new “smart” energy networks. Kyocera has continually provided solar
power generating systems and storage batteries for Japan’s
government-led VPP test projects, developing new expertise in remotely
controlled distributed power resources. By combining Kyocera’s expertise
with LO3 Energy’s blockchain technologies, the companies will evaluate
VPPs that promote a low-carbon society without fuels or CO2
emissions.

“Kyocera is committed to developing low-carbon solutions that maximize
renewable energy resources,” said Hironao Kudo, Deputy General Manager
of Kyocera Corporation’s Corporate R&D Group. “We are excited to be the
company in the area of grid management in Japan to collaborate with LO3
Energy, which has consistently proven its blockchain technologies all
around the world.” Kyocera entered the renewable energy field in the
1970s with solar photovoltaic (PV) modules and has continued to
diversify its business into storage batteries and HEMS solutions.

“The need to reduce carbon emissions is exerting a profound impact on
energy providers worldwide,” said Lawrence Orsini, CEO of LO3 Energy.
“Using distributed ledger technologies, our networks enable the micro
energy transactions needed to meet this challenge. We believe the
synergies between Kyocera and LO3 Energy will produce a new generation
of virtual power plants that can accelerate Japan’s transition to a
low-carbon society.”

VPP Test Project Overview

Kyocera’s solar power generating systems and storage batteries will be
installed in the Yokohama Nakayama Office to simulate separate power
users. The companies will further develop their VPP technology using
data from IoT sensors to increase the accuracy of distributed power
sources used by the project’s simulated Transmission and Distribution
System Operators.

In addition, the companies will examine power-control results using LO3
Energy’s expertise in blockchain technologies that have been proven
worldwide. LO3 Energy’s peer-to-peer platform helps control power
generation and availability among connected users, which facilitates an
effective test environment. Through this testing, the companies will
develop new ways to expand the efficiency of existing energy
transmission and distribution networks in Japan and worldwide.

* Peer-to-peer systems connect computers equally through a network. On a
peer-to-peer energy platform, prosumers generating energy through a
renewable resource can transact energy autonomously with consumers on
the platform.

For more information: https://global.kyocera.com/news/2019/0204_jgdf.html

About
KYOCERA

Kyocera
Corporation
(TOKYO:6971) (https://global.kyocera.com/),
the parent and global headquarters of the Kyocera Group, was founded in
1959 as a producer of fine
ceramics
(also known as “advanced ceramics”). By combining these
engineered materials with metals and integrating them with other
technologies, Kyocera has become a leading supplier of semiconductor
packages, industrial and automotive components, electronic devices,
solar power generating systems, printers, copiers and mobile phones.
During the year ended March 31, 2018, the company’s consolidated net
sales totaled 1.58 trillion yen (approx. USD14.9 billion). Kyocera
appears on the “Top 100 Global Innovators” list by Clarivate Analytics
and is ranked #612 on Forbes magazine’s 2018 “Global 2000” list of the
world’s largest publicly traded companies.

About LO3 Energy Inc.

LO3 Energy Inc., a Brooklyn, NY based company, is building a
blockchain-based platform to enable decentralized business models and
innovative technologies related to energy, cleantech and utility
systems. The LO3 team has deep expertise in design, architecture,
development, prototyping, and testing of cutting-edge distributed
energy, computing and peer-to-peer distributed consensus networks. The
company builds blockchain-based tools and projects to support and
accelerate the proliferation of distributed energy, utilities and
computation sharing economy of the future. For more information about
blockchain for energy, visit www.LO3energy.com.

Contacts

KYOCERA Corporation (Japan)
Corporate Communications
Natsuki
Doi, +81-(0)75-604-3416
[email protected]
Fax:
+81-(0)75-604-3516
or
LO3 Energy Inc. (USA)
Emily Petry,
+1 (703) 881-2540
[email protected]

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