Democratizing Energy Via Energy Blockchain
Power Ledger is one of a number of companies built on blockchain technology seeking to revolutionize the energy industry with peer-to-peer (P2P) renewable energy trading applications, such as marketplaces and trading platforms. Currently, Power Ledger is arguably the world’s leading blockchain-based energy trading platform. Power Ledger seeks to provide a distributed, real-time energy trading platform that will allow both consumers and businesses with solar panels or wind turbines to sell surplus solar power to neighbors — without the need for intermediaries.
Power Ledger is based in Perth, Austraila, and is making waves in both Japan, the United States, and around the world. Power Ledger’s official white paper explains in detail the company’s plans for its trading platform and offers a timeline for its various projects.
Microgrid Solutions for Smart Demand & Supply Management
Power Ledger is on the train that has left the station towards microgrid solutions to energy problems. The company is seeking to empower what it calls neo-retailers. A neo-retailer is “an innovative energy retailer who supports peer-to-peer trading through effective aggregation of consumer preference and demand.”
Power Ledger has made news with its recent partnership with Kansai Electric Power Company (KEPCO), the second largest electric utility in Japan. In the agreement, KEPCO is running a trial of P2P renewable energy sharing.
New Partnership with Northwestern University
The new agreement announced earlier this week will help Northwestern University, based in Evanston, Ill., trade clean energy on-campus and between campuses using its already installed meter equipment.
Power Ledger has partnered with the Clean Energy Blockchain, a group of energy professionals who will help oversee deployments by Power Ledger in North America. The Northwestern University Project is the first commercial deployment in the United States.
The following video is an interview with principals from Power Ledger.