Busan to get a Blockchain-based virtual power plant

Busan to get a Blockchain-based virtual power plant

The city of Busan would get a blockchain-powered virtual power plant (VPP) with 4 billion Korean won from the South Korean government. The virtual power plant is defined as the cloud-based distributed power plant that embraces the capacities of multiple energy resources for power generation. The project would be presented by the Korea Electric Power Corporation (KEPCO) in 2019.

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