Blockchain-based Green Energy Group Set To Revolutionize NSW Energy Market

Enterprise software and technology company TYMLEZ Group has just been chosen as a partner for a large-scale, multi-year project with ICT, the national Dutch telecommunications company. TYMLEZ is already planning future cooperations, with outlines for Australian projects in 2021.

Headquartered in the Netherlands and listed on the ASX since 2018, TYMLEZ offers a platform that enables businesses to expedite the design, development and deployment of highly scalable blockchain applications in multiple areas, especially green energy. Their contract with ICT aims to reduce carbon emissions and even provide green energy from the activities of ICT Group.

Ahead of European Legislation

In its June quarter report, TYMLEZ announced its expansion into the Australian market with a subsidiary named TYMLEZ Energy. TYMLEZ energy will be headed by Daniel O’Halloran in the role of managing director and Wayne Clay as chairman.

In a statement, TYMLEZ energy laid out the basics of their business plan.

“We aim to take advantage of legislative environments that enable us to trial and run our platform in a different geographical location and be ready for the two-way energy marketplace by end of 2021.

In order to capitalize on this momentum, TYMLEZ Energy will focus its efforts on the marketing and sales of the energy marketplace in Australia and Asia.” 

TYMLEZ plan of action is more than a year ahead of legislation regarding green energy that will be adopted in the European Union on the 1st of January 2023.

TYMLEZ is also planning on teaming up with private company Tyalgum Energy in New South Wales to install TYMLEZs proprietary decentralized green energy marketplace.

“There is real significance in this trial as not only is it the first in the Southern Hemisphere but, once proven successful, we will be scaling the technology into commercial and industrial applications to further impact the carbon neutral target for big energy consumers.”

If successful, the town of Tyalgum in New South Wales will be 100% powered by renewable energy.