Australian Firms Sign Landmark Blockchain Deal

Spread the love
TheMerkle_NYC Electricity Spot PricesAustralia’s Hunter Energy has signed a deal with IOT Group that could help resolve the country’s electricity problem. The agreement seeks to build a blockchain center inside the Redbank coal-fired power station. This blockchain center will provide cheap electricity for blockchain applications. Details of the Deal The deal will give Australia direct access to wholesale electricity prices. This will in turn reduce the additional costs from the retailer, transmission, and being connected to poles and wires. Overall, it could help reduce the cost of electricity in the country by up to 20 percent. Currently, in Australia, the average consumer spends about

Go to Source

Powered by WPeMatico