Elastos ecosystem building③
Panda Green Energy Group Limited (formerly known as United Photovoltaics Group Limited, stock code: 00686.HK) is a leading global eco-development solutions provider and headquartered in Hong Kong. The Company is listed on the Main Board of the Stock Exchange of Hong Kong Limited, which is now a constituent of the Hang Seng Stock Connect Hong Kong Index (Shenzhen-Hong Kong Connect), the Hang Seng Composite Index Series, the Hang Seng Global Composite Index and the MSCI China Small Cap Index. The Company's green energy projects are located throughout China and some overseas regions. As a global green energy resources sharing platform, Panda Green Energy attracts attention of lots of large Institutional Investor all over the world. Major stockholders include: China Merchants New Energy under China Merchants Group Limited, China Huarong as one of the four largest property management companies, ORIX which is a international financial services group and Asia Climate Partner (ACP) foundation under Asia Development Bank.
Based on the fundamental blockchain technology of Elastos, Panda Green Energy will promote application of clean energy. Its plan is to put the daily clean electricity generated by the four rooftop distributed power stations located in Shekou of Shenzhen onto the energy internet platform to allow virtual exchange. Panda Green Energy will select trial users in Shekou to participant in clean electricity virtual exchange. The users can log into website or mobile Apps to check the real time data of electricity generated and the purchasable clean energy volume. The users can select smart contract on website or mobile apps, and the smart contract will pair the peer-to-peer (P2P) virtual exchange between the power stations and the end user, then TUV will issue an authorized e-certificate to prove the electricity the user purchased and used is authentic clean energy.
Elastos and its ecosystem partner “Panda Green Energy” jointly release an energy blockchain project, which will encourage more people to take part in the public welfare activities to deal with the climate change issues practically. Elastos, as a leading blockchain application vendor, will provide a systematic solution based on blockchain technology. This energy blockchain project focuses on both the electricity generating end and the consuming end, and it will make the most of traceability and decentralization properties of blockchain technology to provide clean energy for specific communities, which will promote the popularity of clean energy using innovation technologies and propel the sustainable development of energy.
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