Power Ledger Teams Up With Greenwood Solutions to Deploy Its Energy Trading Platform

KEY TAKEAWAYS:

• Power Ledger, Australia-based blockchain startup, has been successful in arranging for the commercial deployment of its P2P platform courtesy of having entered into a partnership with Greenwood Solutions.
• The tie-up is being regarded by both parties involved as being symbiotic as it would ensure installation of solar panels across the coastal city of Melbourne using technology which is more efficient as compared to traditional options.
• As a result of this partnership, consumers will be able to maximize the value of their investment in renewable energy by trading the excess amount in case of the generation
  exceeding the consumption by a large margin.

Power Ledger, one of the most successful Australia-based block-chain start-ups, has teamed up with energy solution provider Greenwood to deploy its peer-to-peer energy trading platform on a commercial scale for the first time. As a result of this partnership, Greenwood will install solar panels in apartments and units across the coastal city of Melbourne using the Power Ledger platform in a bid to provide residents with a renewable source of energy.

Because Power Ledger has created a software platform using blockchain technology to track generation and consumption of energy, it would enable consumers to buy/sell excess energy with each other. This deployment is the latest in a string of deals undertaken by Power Ledger to apply and implement its platform, particularly in the US.

David Fulton, project engineer at Greenwood, explained the partnership as being an outcome of the determination to overcome the lagging energy infrastructure in the country. In his opinion, the platform offered by Power Ledger is a relatively fast-moving and more effective alternative to the traditional options. Having read the white paper of Perth-based Power Ledger, he regarded their solution as being world-class and hence set up the partnership as the next logical step.

Managing Director of Power Ledger, David Martin felt that this combination of power-generating unit and P2P trading platform will work in favour of residents since it would enable them to maximize their returns on investments through trading with neighbours. Since the aim of blockchain start-up was to democratize power, commercial deployment of this nature brings it closer to its objective.

One of the main advantages of this partnership for consumers would be the freedom to maximize their value of investments in excess energy in the event of the output far exceeding consumption, thus preventing wastage.

About Power Ledger

Australia’s first token sale is disrupting the energy sector. POWR token allows you to access the Power Ledger energy trading platform. Start selling power from your own solar panels, or just pay less for your energy bills by purchasing your power directly from your neighbour. Power Ledger is bringing peer-to-peer energy trading to the world.

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