How would you like to make money selling the extra electric energy that you don't consume in your home? Power Ledger is utilizing the blockchain, and a proprietary software, built on the Ethereum network which allows peer to peer transfers of reusable energy.
I have been following this project for several years now. They continue to innovate and make in roads into large government projects, commercial development and individual use cases. I believe the potential of this company is enormous for both consumers and investors alike.
Let's Give An Example...
Let's say you own a home that is powered by solar panels. At the end of the month you have left over electricity that you have not used. Instead of that energy going to waste, wouldn't it be great if you could sell it to a neighbor? Imagine this on a large scale, where you could sell energy to someone across the world.
Where's The Opportunity?
In our current system, large utility companies provide energy to individuals and there is a lot of un-used energy that gets sent back to the grid. The consumer pays for the un-used energy as if they had used it. This is a hidden tax and is very inefficient. Using blockchain, and existing utility infrastructure, there is an opportunity for individuals to sell eliminate this hidden taxes and increase energy efficiency.
So Who Is Power Ledger?
Power Ledger is an Australian based company that was launched in 2016 by a very experienced team with a vision to make a more efficient and transparent energy markets.
How Does It Work?
Power Ledger considers themselves a financial settlement layer on top of an existing utility infrastructure. Basically, their proprietary software is built on the Ethereum blockchain and allows for the exchange of Power Tokens (POWR) to be exchanged between users. Energy exchange is able to be measured from the power meter and then transactions can be made accordingly.
What Projects Are Currently Active?
There are currently active projects in Australia, Malaysia, Japan, India, and the United States These projects include apartment buildings, commercial property, and large scale government projects. You can check progress on these projects on their website powerledger.io.
What Other Opportunities Is Power Ledger Targeting?
In addition to peer to peer energy trade, and energy efficiency, Power Ledger is also targeting un-used battery energy. This would work for larger scale back up batteries and smaller consumer back up batteries.
How Do You Invest In Power Ledger?
Power Ledger is built on the ethereum blockchain and therefore is easy to get your hands on. Many of the larger, well-known exchanges such as Binance have trading pairs which allow for trading.
Conclusion:
One of my favorite features about this project is that it has real life usability applications that can benefit individuals and society. Despite the underlying price, the company continues to make ongoing fundamental progress. Also, regardless of your stance on climate change, the discussion about renewable energy is not going away. Power Ledger seems to be providing a viable solution to providing more efficient energy uses that have mainstream benefits.
