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Powerledger

POWR

  • Environmental Solutions
Established Year
2016
Headquarter
Australia
Operating Status
Active
Ecosystem
EthereumSolana
Powerledger develops software solutions for tracking, tracing, and trading renewable energy. We believe in democratizing power for a sustainable future. TraceX, Powerledger's platform, is a digital marketplace that uses blockchain technology to efficiently handle the trading of Energy Attribute Certificates (EACs), such as Renewable Energy Certificates (RECs), Guarantees of Origin (GOs), carbon credits, and other environmental instruments.

Organisation

Team

Frequently Asked Questions

What is Powerledger (POWR)?

Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. Its goal is to provide the platform for a fully modernized, market-driven grid that offers consumers a choice in their energy while driving the democratization of power. Headquartered in Australia, Powerledger has over 30 clients across 11 countries, with representatives around the globe. Powerledger operates on two blockchain layers and uses two tokens, the Powerledger (POWR) and Sparkz tokens. The platform itself uses the public Ethereum blockchain and a private consortium blockchain known as EcoChain™. The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform. POWR is traded through the Ethereum Smart Bond exchange. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.