Power Ledger

Power Ledger, an Australian technology company founded in May 2016, is at the forefront of the renewable energy trading sector. The company was co-founded by Dr. Jemma Green, John Bulich, Dave Martin, and Jenni Conroy. Dr. Green's background in finance, including a decade at J.P. Morgan, and her PhD research into electricity market disruption and shared solar power directly informed the company's mission. John Bulich, a pioneer in Australian blockchain technology, provides the technical direction for the platform's development.

A significant milestone for the company was its Initial Coin Offering (ICO) in 2017, which raised over $34 million AUD from approximately 15,000 supporters. This followed a pre-sale that generated $17 million AUD. The Australian government further endorsed their work with a grant for a research project in Fremantle, aimed at integrating blockchain technology into distributed energy systems.

The core of Power Ledger's business is a blockchain-enabled platform that facilitates peer-to-peer (P2P) energy and environmental commodity trading. The platform empowers owners of renewable energy assets, such as rooftop solar panels, to sell their surplus energy directly to other consumers. This model aims to create a more efficient, transparent, and democratic energy market by reducing reliance on traditional intermediaries. The company serves a global client base, with projects in Australia, India, Japan, Thailand, and the United States. Clients include utilities, renewable energy operators, and property developers.

Power Ledger's revenue is generated through several streams, including transaction fees on energy trades conducted via its platform, licensing its technology to utility companies, and providing implementation and consultancy services. The platform operates on a dual-token system: the Power Ledger (POWR) token, an ERC-20 token which acts as a license for businesses to access the platform, and Sparkz, which are tokens representing units of energy (kWh) used for transactions within local markets. Initially built on Ethereum, the platform has integrated with Solana to handle the high volume of transactions from smart meter data more effectively.

The company offers a suite of software solutions designed to track, trace, and trade energy. Products like xGrid enable P2P energy trading on the existing electrical grid, while uGrid facilitates trading within microgrids, such as apartment buildings. Another product, TraceX, is a digital marketplace for trading environmental commodities like carbon credits and renewable energy certificates.

Keywords: peer-to-peer energy trading, renewable energy, blockchain technology, energy markets, distributed energy resources, environmental commodities, solar power trading, smart grid, carbon credits, renewable energy certificates, energy traceability, P2P energy, DER, energy software, sustainability technology, POWR token, electricity market, microgrid management, asset germination, energy tokenization