What is Power Ledger?
Power Ledger is a blockchain-based peer-to-peer energy trading platform enabling consumers and businesses to sell their surplus solar power to their neighbours without a middleman.
How does the technology work?
The Power Ledger system tracks the generation and consumption of all trading participants and settles energy trades on pre-determined terms and conditions in near real time. A user simply receives a registration email from their Application Host, they click on a link which takes them to the Power Ledger platform where they create a user- id and password. That’s it, once logged in they can see their electricity usage and all their P2P trading transaction details.
What is the scope of the roadmap over the next 24 months?
As Power Ledger is a commercially operating entity, we already have platform applications built, which is explained in figure 5.3.1 in the white paper. The roadmap outlines the priority we plan to develop the applications in, with the aim for all to be deployed in two years. There will be no incubation time as we have multiple applications already built and operational. Therefore, customer engagement will be high from day one, as it is now.
This class of Platform Application gives retailers the ability to empower consumers (or in an unregulated environment, the consumers themselves) to simply trade electricity with one another and receive payment in real-time from an automated and trustless reconciliation and settlement system. There are many other immediate benefits such as being able to select a clean energy source, trade with neighbors, receive more money for excess power, benefit from transparency of all your trades on a blockchain and very low-cost settlement costs all leading to lower power bills and improved returns for investments in distributed renewables.
This class of Platform Application provides Neo-retailers’ with smart demand and supply management, along with almost instantaneous remuneration and payment settlements while managing consumer exposure to the risk of non-supply.
MICROGRID/EMBEDDED NETWORK OPERATOR/STRATA
This type of Platform Application enables electricity metering, big data acquisition, rapid micro transactions and grid management at an unprecedented granular scale. Trading in embedded networks breaks the nexus between generation ownership and energy consumption meaning value can be derived from an investment in DER even if the investor is absent or doesn’t consume all the energy they generate
WHOLESALE MARKET SETTLEMENT
This Platform Application class offers rapid low-cost and transparent dispatch optimization and management, data aggregation, reconciliation and settlement for wholesale energy marketplaces.
AUTONOMOUS ASSET (AA) MANAGMENT
This current Platform Application allows for (1) shared ownership of renewable energy assets and (2) trading renewable asset ownership. The AA is able to buy and sell its own electricity and distribute its income to assigned wallet addresses.
DISTRIBUTED MARKET MANAGEMENT
This Platform Application provides optimized metering data, the collection of big data, right to access and dispatch of assets, rapid transaction settlement, network load balancing, frequency management, demand side response and demand side and load management. The optimization of network assets is made viable by the near real-time remuneration of asset owners.
This class of Platform Application facilitates real time metering data (interfacing with the Open Charge Point Protocol (OCPP)), collection of data, user identification and rapid transaction settlement.
A class of Platform Application whereby virtual pipeline and roadside assistance type assets may be automated via the platform, such as EVs, and can provide a mobile storage discharge facility maintaining energy supplies to predominantly self-sufficient energy consumers.
This Platform Application class offers smart contracts for carbon traders to assure digital transactions across organizations; credibility of asset using immutable distributed ledger technology; and transparency and auditability. It supports reporting and surrendering of carbon credits or certificates to regulatory authorities.
In the management of transmission networks, the Platform can provide real time metering data, collection of big data, right to access and dispatch assets, rapid transaction settlement, network load balancing, responding to non-stationary energy.
POWR Token Generation Event
Our pre-sale event was capped at $25,000 per purchase of tokens. We did this to limit the number of whales buying tokens and to give our community as much chance as possible to support the event. There are no whales here nor two big investors. It’s a community supported token event with those wanting to use the Power Ledger system the majority of the investors.
Some of the community seem unsure why they need to send their payment to their own unique payment address? We have set up the sale like this for accounting and security reasons. This method has been used by many other ICO’s and is highly secure compared to single addresses that have recently been hacked losing nearly all their ICO funds from the one address (wallet).
We understand that as investors, an important part of your due diligence in deciding whether to support our token generation event is to perform a technical audit, to ensure that the smart contract used to raise the funds is secure. We have listened to your ongoing requests, and have shared our code here: https://etherscan.io/address/0x595832f8fc6bf59c85c527fec3740a1b7a361269#code
As we wanted our tokens to be bought by technology enthusiasts and application hosts who wish to support and use the latest technological developments in renewable energy, we have stayed clear of advertising. We want the vision and value of Power Ledger to stand on it’s own two feet and by doing so, a number of international journalists from CNBC, IB Times, Bloomberg, Forbes, Australian Financial Review and many more have chosen to write about our technology, without any payment whatsoever. There is no fake news associated with Power Ledger.