/biz/ - Business & Finance

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>Nesa Capital will have privileged developer access to Lition’s blockchain technology. Percy Ying CFA, CA (SA), Nesa Capital’s Managing director believes Lition’s platform is key to ushering in a new era in energy infrastructure, “we are very happy to be an early enterprise partner of Lition. While we await further news and updates as to government’s plans for the future of the national energy grid, once laws and market regulation allows for more private sector participation in the national grid and energy infrastructure of South Africa, we strongly believe that the Lition platform can give us a competitive advantage in South Africa in becoming a leading provider of energy and energy related services.”

>In this new endeavor, the parties will explore how consumers can buy and trade energy directly from local, green energy sources using blockchain peer-to-peer technology. This includes the 6.4 Megawatts operating and currently being built solar PV projects in the NESA Investment Holding portfolio, plus the pipeline of Nesa’s solar projects which is projected to have a cumulative installed capacity of 20 Megawatts over the next 24–36 months.