Powerledger (POWR) stands as a technological firm dedicated to crafting software solutions for distributed and decentralized energy markets, contributing to a sustainable future. The company has successfully developed a blockchain-based platform designed to facilitate the tracking and trading of energy, flexibility services, and environmental commodities. The ultimate aim is to establish a modernized, market-centric grid that empowers consumers with energy choices, thereby fostering the democratization of power.
Based in Australia, Powerledger boasts a global presence with over 30 clients spanning across 11 countries and representatives around the world. The company operates on dual blockchain layers, utilizing two tokens—Powerledger (POWR) and Sparkz tokens. The platform leverages the public Ethereum blockchain alongside a private consortium blockchain known as EcoChain™.
The POWR token, an ERC-20 token, functions as a license essential for various businesses, including utilities, renewable energy operators, microgrids, entities committed to 100% renewable energy, and property developers, granting them access to Powerledger’s platform. The POWR token is traded through the
Ethereum Smart Bond exchange.
In response to the growing global shift, with 30 countries achieving grid parity by 2015, indicating that solar-generated energy costs were equal to or lower than local retail electricity costs, Powerledger strategically combines renewable energy with blockchain technology. This synergy enables the delivery of energy solutions that are not only more cost-effective but also more sustainable compared to traditional energy alternatives.
