Powerledger (POWR)
Powerledger is a technology company dedicated to developing software for distributed and decentralized energy markets aimed at fostering a sustainable future. By leveraging blockchain technology, Powerledger has created a platform that facilitates the tracking and trading of energy, flexibility services, and environmental commodities. The company's objective is to empower consumers with choices in their energy sources while promoting the democratization of power and modernizing the energy grid.
History of Powerledger
Powerledger was founded in 2016 with a mission to address the challenges associated with renewable energy sources such as solar and wind. These sources, while sustainable, are intermittent and lack the consistent supply typical of fossil fuels, creating challenges for grid stability. To tackle this, Powerledger sought to develop a flexible market capable of managing this intermittency and aid in transitioning towards a more responsive and distributed network.
| Ticker | POWR |
| Category | Energy |
| Website | https://powerledger.io/ |
| @PowerLedger_io | |
| Telegram | powerledger |
| https://www.reddit.com/r/PowerLedger/ | |
| Contract Addresses | |
|---|---|
| ethereum | 0x59...69 Copied! |
| energi | 0xd1...30Copied! |
Evolution of Powerledger's platform
Since its inception, Powerledger has expanded its operations globally, establishing a presence in over ten countries. The platform's innovative approach combines renewable energy with blockchain technology, offering energy solutions that are cost-effective and environmentally friendly. Powerledger’s software has been adopted by utilities and large corporations to enhance grid stability by tracking, tracing, and trading every kilowatt of energy produced.
How Powerledger works
Powerledger operates on two blockchain layers to optimize energy transactions. The first is the Ethereum blockchain, where the POWR token is issued as an ERC-20 token. This token is essential for businesses such as utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy, and property developers to access the Powerledger platform. The POWR token will eventually facilitate transactions on the Powerledger blockchain.
The Powerledger blockchain
The second layer is the Powerledger blockchain, a native blockchain based on Solana, which is designed to process energy transactions more efficiently and at scale. This dual-layer approach allows Powerledger to maintain a scalable and robust platform, capable of handling the demands of modern energy markets.
Applications of Powerledger
Powerledger's platform is utilized across various sectors to enhance energy management and sustainability. It enables the tracking and trading of energy, providing a transparent and efficient method for businesses and consumers to engage with the energy market. By offering a decentralized solution, Powerledger supports the shift towards renewable energy sources, helping to stabilize the grid and promote sustainable energy practices.
Grid parity and renewable energy
In 2015, grid parity was achieved in 30 countries, meaning that the cost of solar-generated energy was equivalent to or less than the local retail electricity price. Powerledger's platform capitalizes on this development by integrating renewable energy with blockchain technology, making it simpler and more affordable for consumers and businesses to transition to sustainable energy sources.