Electricity Generating Investment in startup “Peer Power” with a stake of 24.24 percent, aiming to further develop blockchain technology and energy trading platform. Supporting the entry into the decentralized era of energy business ready to create a fully integrated electric power business ecosystem
Mr. Theparat Theppitak, President Electricity Generating Public Company Limited or EGCO revealed that EGCO Group made a 24.24% investment in startups, Pier Power Company Limited, on December 21, 2021 in order to develop blockchain technology and energy trading platforms. Supporting the entry into the decentralized era of energy business ready to create a fully integrated electric power business ecosystem
The company plans to apply the blockchain technology that Pier Power is developing to increase efficiency and reduce the cost of financial services in its business, in the development of an energy trading platform. Trading Platform) to support the entry into the decentralized era of energy business (Decentralized Energy) that is expected to occur in the future
EGCO Group will also partner with Pier Power, using EGCO Group’s power business expertise to provide renewable energy for Pier Pa’s data centers and computing systems. next wave
Currently, Pier Power is a startup in the financial technology (Fintech) business, founded in 2016. Its main business is providing online platforms. to raise funds on a crowdfunding basis by issuing shares or debentures to investors by connecting investors with small and medium-sized enterprises (SMEs). Pier Power is the first platform to be licensed as a crowdfunding operator by the Securities and Exchange Commission (A SEC) in 2019
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