Power Ledger (POWR) is an Australian based blockchain-powered energy trading platform designed to facilitate peer-to-peer energy trading. It is the world’s first peer-to-peer energy trading platform that enables consumers to trade electricity with one another without the need for a third-party intermediary.
Power Ledger has been developed to facilitate the buying and selling of renewable energy between participants in a local energy market, allowing them to access a marketplace where energy is traded with greater flexibility and lower cost. The platform allows users to buy and sell energy from each other directly, bypassing the traditional energy retail chain by creating a marketplace where energy can be bought and sold. This allows users to maximize the value of their energy and increase the efficiency of the electricity grid.
The platform also allows customers to purchase renewable energy directly from renewable energy generators, such as solar and wind farms. This helps to reduce the need for costly grid infrastructure and makes renewable energy more accessible to a wider range of customers.
The platform also utilizes blockchain technology to ensure that all transactions are secure and transparent. The transparency of the platform also enables users to keep track of their energy usage and to identify potential savings opportunities.