Powerledger is an Australian company that develops operating systems for new energy markets. This enables tracking and trading of energy, flexibility services, and environmental commodities. Powerledger develops Software as a Service (SaaS) for its clients and partners that allows consumers and producers to track, trace and trade every kilowatt of energy. In a nutshell, Powerledger offers the internet of electricity. As the grid changes from a centralized to a distributed one, Powerledger develops systems that bring resilience and flexibility to the electricity grids. Its mission is to provide the platform for a fully modernized, market-driven grid that offers consumers choice in energy while driving the democratization of power. According to Executive Chairman and Co-founder Dr. Jemma Green,
“Energy markets are changing fast. Powerledger’s technology creates the marketplace to keep customers connected to the grid and empowers them to control their energy future.”
In this article, Global Road Technology focuses on blockchain technology based on Powerledger’s approach to global democratization of the energy market where people have access to energy, can participate directly in energy markets, and improve their lives and the lives of others.
In 2016, Powerledger announced plans to develop an energy trading platform. In 2017 they released their white paper which included their technology roadmap. Currently, they have clients in more than 9 countries with more than 20 projects globally. Their technology is helping clients like TDED in Thailand, CUB in Australia, and ekWateur in France in bringing new ideas and forms of energy to power their clients and workplaces. Their Technical Director and Co-founder John Bulich says,
“Market mechanisms facilitated by blockchain technology can deliver the energy system of the future without government subsidy.”
The Power Ledger Platform is a trustless, transparent, and interoperable energy trading platform that supports an ever-expanding suite of energy applications, with an exchangeable frictionless energy trading token, Sparkz. The Power Ledger Token (POWR) is the fuel of the Power Ledger Ecosystem with bespoke private trading applications creating Sparkz in exchange for POWRs. Sparkz is currently purchased and redeemed using flat currencies with individual trading platforms hosting closed-loop exchanges for energy and Sparkz.
The platform is modular and scalable with all the flexibility of all the products being contracted separately, scaling as needed. The three product pillars include:
Energy trading and traceability – the platforms track and trade features help you stay on top of the provenance and flow of energy. It gives consumers the choice over the energy they’re using and facilitates peer-to-peer trading. Solar P2P energy trading can deal with excess solar in the grid without subsidy. It is made up of the following components and aspects:
Flexibility trading – MODE or Marketplace for Optimisation of Distributed Energy, is a marketplace, which enables Distributed Energy Resource (DER) owners and flexible loads to provide grid services to monetise their assets. The marketplace place for the new energy system is known as:
Environmental commodities trading – the Power Ledger Platform technology is being used to ensure the trading of environmental commodities such as renewable energy certificates and carbon credits, are more transparent, secure, and efficient. The digital marketplace and exchange for carbon and renewable energy credits are known as:
The Power Ledger Ecosystem supports a growing number of energy trading applications. The key classes of Platform Applications developed by Power Ledger are listed below, with some already operational and others in advanced conceptual design or in development.
Technical and commercial blockchain-based products such as Powerledger offer 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.
References
https://www.powerledger.io/company/power-ledger-whitepaper
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