The energy system has been unchanged for years. Energy inefficiencies, inequalities and greenhouse gasses are severely affecting the current energy infrastructure, highlighting the need for a new energy system. With a view to revitalize the current energy system, Power Ledger is enabling individuals and communities to access electricity that is low-cost, reliable, and renewable. Founded with over 100 years of energy industry experience, Power Ledger (POWR) is an Australian blockchain-based energy trading, asset financing and carbon credits platform that allows for decentralized selling and buying of renewable energy. It is delivering companies and communities the tools they need to enable a new world for energy.
Blockchain technology can address the challenges of existing energy systems. Power Ledger develops cutting-edge blockchain energy solutions for the people of the world. The company is a movement to help retailers manage their supply and demand, allowing everyday consumers to contribute to solving the price spikes and demand shortages that bedevil the industry. Its technology enables quicker and simpler monetization of renewable energy credits. It empowers everyday investors to co-own large-scale renewable assets with less upfront capital while receiving an attractive return.
Delivering Top-notch Solutions
The wide range of Power Ledgers products include μGrid, which enables Peer-to-Peer electricity trading behind the regulated electricity master meter, xGrid, which enables Peer-to-Peer electricity trading across the regulated electricity network, VPP 2.0, which enables energy companies to automatically manage supply and demand, C6 and C6+, which monetizes and trades carbon and renewable energy credits more efficiently, Power Port, which provided transparent, secure and real-time electric vehicle metering and settlement.
Power Ledger’s initial focus was on P2P energy trading, while it has added new products for carbon credits and electric vehicles in the past 12 months. In addition, it is also launching a new product called Asset Germination Events (AGE), which will enable everyday people to invest in and co-own energy assets. According to the company, this will be a world-first regulated crypto energy offering.
Bringing Experience to Bear
The world-class team of Power Ledger is led by Dr. Jemma Green, the Chairman and Co-founder. Jemma provides the strategic external relations, risk management and leadership development for Power Ledger. She has accumulated more than 15 years of experience in finance and risk advisory, having worked for 11 years in investment banking in London. Whilst there, she completed her Master’s degree and two postgraduate diplomas from Cambridge University. Besides these, Jemma is also a research fellow at Curtin University Sustainability Policy (CUSP) Institute, whose doctoral research into “Citizen Utilities” has produced unique insights into the challenges and opportunities for the deployment of rooftop solar PV and battery storage within multi-unit developments and the application of the blockchain. She is experienced in the challenges of sustainable cities through her role as an independent Councilor of the City of Perth. She is also the Chair of Climate-KIC Australia, a founder of the Global Blockchain Business Council and a contributor to Forbes on blockchain disruption.
A Decisive Factor
In the opinion of Power Leger, climate change is one of the most challenging collective problems the world has faced to date. According to the International Renewable Energy Agency, “renewables need to be scaled up six times faster for the world to meet the Paris Agreement goals.”
In order to turbocharge this growth in renewables, the world needs investment. Thus, Power Ledger has pioneered a product to do this. Jemma firmly believes that Power Ledger, along with its new product AGE, can play a decisive factor in forwarding the Paris Climate Agreement.
Reaching the New Milestones
Power Ledger has successfully implemented the P2P product in a range of markets including North America, Japan, Thailand, Australia and more. Its projects in
America include a deployment in California’s second-largest electric vehicle charging station alongside Silicon Valley Power in the City of Santa Clara. This trial has been successfully completed and the company is now looking forward to move into commercial implementation. It also has trials with American PowerNet, which marks the introduction of its P2P energy trading technology into the Pennsylvania-New Jersey-Maryland Interconnection (PJM), the largest U.S. wholesale electricity market. Power Ledger sees the United States as having huge potential for growth. Now, the company’s focus is on adding kWh, renewable energy credits and users to the platform. For example, in Thailand, currently it has just under 1MW, but by the end of this year it will grow to 4MW at the T77 industrial park and a further 12MW at Chiang Mai University. \
Power Ledger is constantly finding new use-cases for its platform, and new jurisdictions it could benefit. To reach new heights, the company is growing platform awareness and developing key strategic relationships globally, with its key stakeholders. Similar to the arrangement it has with BCPG, it now has multiple projects in Thailand with them because of the strength of that strategic relationship.
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