News and Announcements
Power Ledger announces first commercial deployment in the US with Northwestern University
- Published May 04, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Australian blockchain company, Power Ledger declares the first commercial deployment of its energy trading platform in the United States.
- Power Ledger initiated a fund of $34 million while introducing its coin and can be viewed as the most successful cryptocurrency startup.
- The main focus is on trade of excess solar energy and also see a utility like KEPCO in a market like Japan to show great acceptance of the future of decentralized energy.
Power Ledger has emerged with its involvement in Illinois-based, Northwestern University Evanston campus which has a longstanding focus on solar energy. The latter also introduced ANSER Center in association with Argonne National Laboratory which was supported financially by US Department of Energy. This is how they are going to synergize participating graduate schools to introduce more opportunities on the energy smart grid sector.
It directly implies that the excess solar energy could be traded both inside and outside the campus, in museums and laboratories, using Power Ledger’s blockchain platform and also its preexisting meters which would cut costs and carbon with a secure clean energy. This is how the company wants to expand its wings. The Managing Director and Co-Founder of the company, David Martin, declared that moving beyond trials and getting involved in commercial deployment in a market like Chicago was a golden opportunity.
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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