Powerledger (POWR) - a technology company that creates software for distributed and decentralized energy markets for a sustainable future. Its goal - to provide a platform for a fully modernized, market-driven grid that offers consumers choice in their energy while driving the democratization of electricity.
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What is Powerledger (POWR)?
It is a technology company that uses blockchain to facilitate the trading of energy and environmental goods. It is based in Australia and promotes reliable and affordable electricity. Power Ledger operates on the Ethereum network as a peer-to-peer energy exchange platform.
In 2015, 30 countries reached grid parity, which means that the price of solar power was equal to or lower than the cost of local retail electricity. Power Ledger combines solar energy and blockchain to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.
Power Ledger operates on two levels of the blockchain and uses two coins, Power Ledger Token (POWR) and Sparkz, which offer different features. The platform itself uses the public Ethereum blockchain and a private consortium blockchain, known as Ecochain.
The POWR token allows application hosts and participants to use the platform itself. When a host does not have the required amount of POWR, it cannot access the platform. POWR is traded through the Ethereum Smart Bond exchange.
Project uniqueness
Power Ledger includes six products: Power Port, uGrid, xGrid, C6, C6+ and Asset Germinator. All of these products provide various energy solutions through the use of blockchain. Users can buy and sell energy on the existing power grid. They do this through peer-to-peer transactions.
The project features are as follows:
| µGrid | Manage your microgrid with a real-time marketplace that optimizes prices. |
| xGrid | Sell and buy extra kilowatt-hours online and help to stabilize them at the same time. |
| Balance VPP | Manage peaks and lows with a battery and profit in the process. |
| MODE | MODE or Marketplace for Optimization of Distributed Energy - a marketplace that allows distributed energy resource (DER) owners and flexible loads to provide network services to monetize their assets. |
| VisionPPA | Manage performance and billing for commercial solar and wind farms. |
Whichever features you choose, they are all about real-time action, high transparency, high control and high auditability. Tracking and trading features will help you to stay on top. This could give consumers a choice over the energy they use and facilitate peer-to-peer (P2P) trading. Solar P2P trading can deal with excess solar power on the grid without subsidies. The technology is being used to ensure that the trading of environmental goods, such as renewable energy certificates and carbon credits, is more transparent, safer and more efficient.
Buying and selling tokens
Power circulation of Power Ledger (POWR) as of February 2021 is 425k POWR. With a maximum supply of 1 billion POWR tokens. The best exchanges to trade on Power Ledger currently are:
- Binance;
- Huobi Global;
- Bithumb;
- Upbit;
- DigiFinex;
- HitBTC.
Powerledger allows renewable energy owners to decide who they want to sell their energy to and at what price. Transactions are conducted through a distribution network that is monitored and ensures a secure revenue stream. Users can secure their POWR through a hardware wallet.