What is a Power Ledger?
Power Ledger is a peer to peer energy trading platform integrated with existing electrical systems. It may seem far ahead of time but once you consider the energy landscape in Australia, it will inevitably fill the void.Australia has the highest solar system adoption among households in the world. A 1 kilowatt solar panel will produce 4.2 kwh in Australia compared to 3 kwh in Europe. Government rebates for the adoption of solar systems are also a major factor in adoption. Although the rebate is no longer present the adoption seems to have gone up in the following years due to the lower cost of solar panels.
Power Ledger has developed a series of world-leading blockchain energy applications, such as our P2P energy trading app that enables businesses, such as Utilities, to host trading on the Platform. Blockchain technology provides a transparent, auditable and automated trading and clearing mechanism for the benefit of producers and consumers. Our technology enables the sale of renewable energy surplus generated in residential and commercial development (including multi-unit / multi-tenanted) connected to existing power distribution networks, or in micro networks. Power Ledger puts the power to manage the energy economy into the hands of consumers, while keeping the value of existing distribution networks.
How Does a Power Ledger Work?
There are two types of tokens, POWR and Sparkz, POWR tokens allow Host Applications and their consumers to gain access to P2P trading features and other Power Ledger applications. Sparkz, a “low level” token, is specifically limited to representing the token value of electrical units in various markets around the world. The POWR Token is an access token, such as a software license, which gives the Host Application the ability to transact on the Platform, via POWR proof trading for Sparkz.
Power Ledger Platform App