Carmaker Toyota is set to trial a blockchain-enabled peer-to-peer energy trading system which enables businesses, homeowners and electric vehicle (EV) drivers to exchange surplus power.
Under the scheme, businesses, homeowners and tenants with solar panels and battery storage systems will be able to sell excess, self-generated power to one another via a digital exchange market, which adapts prices to match supply and demand conditions. Drivers of plug-in hybrid EVs (PHEVs) will also be able to take part, selling and buying power for their vehicle batteries.
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