{"id":416126,"date":"2021-01-18T19:34:10","date_gmt":"2021-01-19T00:34:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416126"},"modified":"2021-01-18T19:34:10","modified_gmt":"2021-01-19T00:34:10","slug":"mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\/","title":{"rendered":"Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading<\/b><\/p>\n<p><i>For more flexible trading environments and expanded use of surplus electricity from renewable energy<\/i><\/p>\n<p>TOKYO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mitsubishielectric.com%2F&amp;esheet=52362376&amp;newsitemid=20210117005006&amp;lan=en-US&amp;anchor=Mitsubishi+Electric+Corporation&amp;index=1&amp;md5=44fe2a4c894be14748482ee79c62a7d5\">Mitsubishi Electric Corporation<\/a> (TOKYO: 6503) and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.titech.ac.jp%2Fenglish%2F&amp;esheet=52362376&amp;newsitemid=20210117005006&amp;lan=en-US&amp;anchor=Tokyo+Institute+of+Technology&amp;index=2&amp;md5=be5e25477c4491c4a831ce32d7cb64de\">Tokyo Institute of Technology<\/a> (Tokyo Tech) announced today their joint development of an original blockchain technology that can optimize peer-to-peer (P2P)<sup \/>energy trading. The technology is expected to contribute to more effective use of surplus electricity from renewable energy by creating trading environments that flexibly respond to shared trading needs, particularly to maximize the amount of surplus electricity available in the market at any given time. Beginning in April, the P2P energy trading system\u2019s performance will be evaluated to further optimize the algorithm as required, aiming at the earliest possible commercialization.\n<\/p>\n<p>\nIn the collaboration, Mitsubishi Electric has taken charge of designing the P2P energy trading system and its clearing (transaction-completion) functions while Tokyo Tech has handled blockchain technology R&amp;D and the design of an optimal clearing algorithm.\n<\/p>\n<p><i>For the full text, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mitsubishielectric.com%2Fnews%2F&amp;esheet=52362376&amp;newsitemid=20210117005006&amp;lan=en-US&amp;anchor=www.MitsubishiElectric.com%2Fnews%2F&amp;index=3&amp;md5=9b1a1eff2f6bbcbc5d0ccc5174256491\">www.MitsubishiElectric.com\/news\/<\/a><\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210117005006r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210117005006\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210117005006\/en\/<\/a><\/span><\/p>\n<p><i>Media Inquiries<br \/>\n<\/i><br \/>Takumi Yurusa<br \/>\n<br \/>Public Relations Division<br \/>\n<br \/>Mitsubishi Electric Corporation<br \/>\n<br \/>Tel: +81-3-3218-6758<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:prd.gnews@nk.MitsubishiElectric.co.jp\">prd.gnews@nk.MitsubishiElectric.co.jp<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.MitsubishiElectric.com%2Fnews%2F&amp;esheet=52362376&amp;newsitemid=20210117005006&amp;lan=en-US&amp;anchor=www.MitsubishiElectric.com%2Fnews%2F&amp;index=4&amp;md5=9f1c503c2075f0b9ea88c7b5573c6815\">www.MitsubishiElectric.com\/news\/<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Japan Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Research Other Technology Alternative Energy Software Energy University Science Education<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210117005006\/en\/852586\/3\/4316300cs_07.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading For more flexible trading environments and expanded use of surplus electricity from renewable energy TOKYO&#8211;(BUSINESS WIRE)&#8211;Mitsubishi Electric Corporation (TOKYO: 6503) and Tokyo Institute of Technology (Tokyo Tech) announced today their joint development of an original blockchain technology that can optimize peer-to-peer (P2P)energy trading. The technology is expected to contribute to more effective use of surplus electricity from renewable energy by creating trading environments that flexibly respond to shared trading needs, particularly to maximize the amount of surplus electricity available in the market at any given time. Beginning in April, the P2P energy trading system\u2019s performance will be evaluated to further optimize the algorithm as required, aiming at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416126","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading For more flexible trading environments and expanded use of surplus electricity from renewable energy TOKYO&#8211;(BUSINESS WIRE)&#8211;Mitsubishi Electric Corporation (TOKYO: 6503) and Tokyo Institute of Technology (Tokyo Tech) announced today their joint development of an original blockchain technology that can optimize peer-to-peer (P2P)energy trading. The technology is expected to contribute to more effective use of surplus electricity from renewable energy by creating trading environments that flexibly respond to shared trading needs, particularly to maximize the amount of surplus electricity available in the market at any given time. Beginning in April, the P2P energy trading system\u2019s performance will be evaluated to further optimize the algorithm as required, aiming at &hellip; Continue reading &quot;Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T00:34:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210117005006r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading\",\"datePublished\":\"2021-01-19T00:34:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\\\/\"},\"wordCount\":249,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210117005006r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mitsubishi-electric-and-tokyo-tech-develop-blockchain-technology-to-optimize-p2p-energy-trading\\\/\",\"name\":\"Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading - 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