Blockchain-based energy trading platform
Power Ledger is developing a P2P solar energy trading platform based on blockchain technology. The platform will allow renewable energy asset owners to sell their surplus energy to anyone at any price they wanted to. Due to the application of blockchain technology, the platform will be able to provide a transparent, auditable, and automated market trading and clearing mechanism that benefits both producers and consumers.
Power Ledger supports energy trading at residential, commercial developments, homes, and businesses connected to existing electricity distribution networks, or within micro-grids. This means that the integration of the marketplace will be easier than ever. The company claims that the platform will put the power to manage the energy economy into the hands of consumers without bottlenecking the existing distribution networks.