Power Ledger is a decentralized, trustless energy trading platform.
It sees a changing energy ecosystem, where control is moving from centralized energy retailers, to consumers on edge of the grid.
The catalyst is the proliferation of distributed energy resources, DERs for short, like solar. With Power Ledger consumers will be able to buy and sell renewable energy.
The Power Ledger Ecosystem is a platform takes the model for energy trading out of the hands of a few central players and puts it in the hands of consumers.
This is a reflection for people’s desires to have energy supplies that are more sustainable, more socially-responsible, more local, and more resilient.
Consider that in Australia, between 2011 and 2016, more new generating capacity was installed on residential roofs than was connected to transmission networks.
The rapid penetration of DERs means that we now have distribution systems characterized by bi-directional flows of energy and millions of active prosumers (a prosumer is a producer and a consumer).
The new paradigm will see increased automation and resilience, but not by large scale investments, but rather millions of micro-investments distributed across the system.
With the blockchain Power Ledger can build a trading platform that allows consumers to sell energy to their peers in a trustless environment.
There are many benefits to the blockchain including fast, cheap, secure, and transparent settlement and a trustless system. Plus, it can be the foundation for trading ecosystems and autonomous distributed trading markets.
Power Ledger’s platform uses an exchangeable frictionless energy trading token, Sparkz. It can be bought and sold with fiat currencies.
The Power Ledger Token (POWR) is the fuel of the Power Ledger Ecosystem with bespoke private trading applications creating Sparkz in exchange for POWRs.
As you can see POWR has done quite well since its launch.
This is just the tip of the iceberg for Power Ledger. There’s lots more to this project, which I’ll dig into in the future. I’ll have to check out competitor Grid+ as well.
Strikes me as a big idea. What do you think of Power Ledger?
For more on cryptos follow me 
