Power Ledger is a decentralized, trustless energy trading platform.
It’s one I’ve written about a few times, with the last article in February. Back then the big news was an agreement with BCPG, a private power company located in Thailand and signing a MOU with the Thai government.
Today, we’ll look at Power Ledger’s latest project.
Like most cryptos POWR has gotten crushed since the beginning of the year. At one point it traded over $1.50 but now trades for around $0.33.
But this isn’t the first time cryptocurrencies have faced a bear market. And like most projects, Power Ledger continues to move forward.
Power Ledger recently announced a partnership with Greenwood Solutions, an energy solutions business. The goal is to bring renewable energy trading to Melbourne, Australia.
A deployment site has been identified in Burwood, which is just east of Melbourne. Greenwood Solutions will be installing the solar units and using the Power Ledger platform for distribution. Power Ledger will provide the platform for peer-to-peer trading.
Power Ledger Managing Director David Martin said, “Coupling on-site renewable energy generation with peer-to-peer trading will allow residents to maximize the value of their renewable energy investments, while sharing the low-carbon benefits with their neighbors.”
This is another great project by Power Ledger showing the power of the blockchain. Energy customers will have access to low cost renewable energy and be able to monetize their excess energy generation.
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