What is Powerledger?

Powerledger (POWR) is a technology company that develops software for decentralized energy markets, with the aim of contributing to a sustainable future. The company has created a blockchain-based platform that facilitates the tracking and trading of energy, flexibility services, and environmental commodities. Powerledger's mission is to provide a platform for a modern, market-driven grid that aims to offer consumers a choice in their energy sources. The platform operates on two blockchain layers and uses two tokens, the Powerledger (POWR) and Sparkz tokens. The POWR token is an ERC-20 token that serves as a license for businesses to access Powerledger’s platform.

How does Powerledger work?

Powerledger operates on the public Ethereum blockchain and a private consortium blockchain known as EcoChain™. The POWR token, an ERC-20 token, acts as a license required for businesses to access Powerledger’s platform. Powerledger's platform is modular and scalable, with products divided into three key pillars: energy trading and traceability, flexibility trading, and environmental commodities trading. These products can be contracted separately and scaled as needed. Powerledger's technology enables renewable energy asset owners to decide who they want to sell their energy to and at what price, potentially providing a revenue stream.

What are the potential use cases for Powerledger?

Powerledger's platform has a wide range of potential use cases. It can be used to manage grid stability and flexibility services, manage a 24/7 renewable energy portfolio, facilitate peer-to-peer energy trading, and develop sustainable residential and commercial developments. Powerledger's technology can also be used to facilitate the trading of environmental commodities such as renewable energy certificates and carbon credits, aiming to make these processes more transparent and efficient. Furthermore, Powerledger's platform can be used to track the provenance and flow of energy, giving consumers choice over the energy they're using.

What is the history of Powerledger?

Powerledger was co-founded by Dr. Jemma Green and John Bulich in 2016. Dr. Green, who serves as the executive chairman of Powerledger, completed a doctorate at Curtin University in electricity market disruption, which led to the founding of Powerledger. John Bulich, the technical director at Powerledger, was previously a co-founder and director of Ledger Assets and a director at WA Property Investments. Powerledger is based in Australia and has a diverse client base across multiple countries.