Power Ledger developed and trialled Australia’s first P2P energy trading network in Busselton, Western Australia in August 2016. At the time, that was the biggest and most advanced trial in the world. This was quickly followed up with the world’s first P2P blockchain-enabled energy trading platform across a regulated distribution network in Auckland, New Zealand working with New Zealand’s largest energy network business, Vector Ltd.
The Power Ledger Platform is the Ecosystem that enables interoperability between diverse market management/pricing mechanisms and units of electricity (kWh) by way of pre-purchased tokens. The Power Ledger Platform provides a transparent governance framework that allows the Ecosystem to seamlessly interface with energy markets around the globe, bringing innovation and a wide range of network benefits to consumers. This approach means the Ecosystem is adaptable and scalable for applications within any existing or future regulatory environment, achieving the dynamic agility required to adapt to any number of regulatory structures. This dynamic agility, allows a redefinition of where Application Hosts (utilities, retailers, property managers, etc.) and customers (users) are positioned in the Ecosystem and who has market power in any transactive arrangement.
Power Ledger has developed and deployed a commercial energy management system that facilitates the transparent allocation of on-site generated renewable energy to tenants in multi-unit apartments, providing, for the first time, a real financial incentive for deployment to jointly-owned multi-tenanted dwellings. Power Ledger is working with property developers, one of which is Sustainable Settlements at the Witchcliffe Ecovillage, to support the creation of sustainable urban settlements. By using our unique energy-trading platform to support the high-penetration of DER in communities, we are able to exploit the naturaldiversity of demand and minimise the use of DER resources, while still achieving 100% renewable energy use. 3.0 Power Ledger Pty Ltd Copyright © 2017 18 Power Ledger has developed a series of world-leading Platform Applications, such as its P2P energy trading application (interface shown in Figure 3.1.1), meaning businesses, such as Utilities, can now host trading on the Platform. Our experience, gained from decades of work in the energy industry and honed by working with our partners throughout our trials, has led us to conceive how best to go about democratising the world’s power systems. We believe this is best achieved through the rapid implementation of our disruptive, consumer-driven transactive techologies, by fostering incentives, and by enabling collaboration between consumers, prosumers and industry incumbents. Power Ledger’s partners are rapidly increasing in number, and more recently we welcomed other new Application Hosts who will host trading on the Platform to accelerate the reach of community-focused trading enterprises globally.
Applications may also be developed by third parties, using the Platform’s designs and services to fast track innovative consumer applications. The POWR to Sparkz ratio for third party developers may be adjusted depending on their customer feedback and reputation.
- Token POWR
- Platform Ethereum
- Accepting ETH, BTC