Power Ledger: Real World Problems To Solve In Energy Consumption

 

Power Ledger, based in Australia and currently an active ICO is aiming to put Solar power on the Blockchain. Spearheaded by Dr. Jemma Green, and supported by Sir Richard Branson, this company believes in empowering individuals and communities to co-create their energy future. They want to address Three major challenges facing the energy system globally:

1. Finding a way to include individual in high-density housing in the booming distributed energy economy.
2. Re-inventing electricity networks to provide an incentive for the connection of DER
3. Mitigating the risk of stranding multiple billions of dollar in valuable network assets.

As stated:

“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 word’s first P2P blockchain-enabled energy trading platform across as regulated distribution network in Auckland, New Zealand working with New Zealand’s largest energy network business, Vector Ltd. “

Use Cases

Blockchain is going through an incredible revolution of ideas at this time. Considering this is the early phase of these new technologies, many companies are scrambling to solve problems such as Solar power and alternative energy use. It may take many years before these sort of ideas are adopted in countries like the United States, however I do see a future in Australia and definitely Africa. Many of the poor townships in South Africa currently rely on Solar panels as I have personally seen.

Conclusion

The team behind Power Ledger is AAA. They are an already existing company with a real product. They have achieved many feats such as the Australian Blockchain trial which was a pilot project at National Lifestyle Village, it was the first of it’s kind in Australia and successfully connected 15 homes via the Blockchain. Power Ledger then deployed to New Zealand for a partnership with Vector. As of Q2 2017, they began commercial operations in the White Gum Valley of Western Australia. As of late, they have formed yet another alliance with Indra to develop network management solutions. Given that companies like TESLA pioneer new technologies in the automobile world, you would imagine their would be energy companies to compliment this growth. Power Ledger has been working on that with Synergy, they have developed Australia’s first Blockchain trading environment for EV charging. I see only a bright and strong future ahead for Power Ledger.