Powerledger (POWR) is a tech firm focused on creating innovative software solutions for distributed and decentralized energy markets, aiming for a sustainable future. They have developed a platform based on blockchain technology to facilitate the tracking and trading of energy, flexibility services, and environmental commodities. Their mission is to build a thoroughly modernized, market-driven grid that empowers consumers with energy choices and promotes the democratization of power.
Based in Zug, Switzerland, Powerledger's operations span over 10 countries. The company uses two blockchain layers for its operations: the POWR token is available on the Ethereum network as an ERC-20 token, while the Powerledger blockchain, which is native to Solana, handles energy transactions more efficiently due to its scalability.
The POWR token serves as an ERC-20 token that businesses must obtain as a license to access Powerledger's platform. These businesses include utilities, renewable energy operators, microgrids, companies dedicated to 100% renewable energy, and property developers. In the future, the token will also be used for transaction payments on the Powerledger blockchain. Back in 2015, 30 countries achieved grid parity, where the cost of solar energy became equal to or cheaper than local retail electricity prices. Powerledger blends renewable energy with blockchain technology to deliver energy solutions that are both more affordable and sustainable than traditional energy sources.
Who founded Powerledger?
Powerledger (POWR) was co-established by Dr. Jemma Green and John Bulich in 2016. Dr. Jemma Green serves as the executive chairman of Powerledger. After working as an investment banker in London for ten years, she went back to Perth to pursue a PhD focused on electricity market disruption. Her journey to create software for peer-to-peer energy trading led her to collaborate with John Bulich, an expert in blockchain solutions known for crafting inventive solutions across various industries. Together, they developed Powerledger to meet the growing demand for transparency and an additional peer-to-peer transaction layer in the energy sector, especially as renewable integration in the grid increased.
In 2018, Dr. Jemma Green was honored with the Sir Richard Branson's Extreme Tech Challenge award, and later received the EY Fintech Entrepreneur of the Year award. In 2024, she partnered with former FBI hostage negotiator Chris Voss to co-write the best-selling book, 'Empathy and Understanding in Business.'
John Bulich, serving as the technical director at Powerledger, is a trailblazer in the field of blockchain technology in Australia. After co-founding Ledger Assets, he became well-known as a tech entrepreneur, with a focus on the design and implementation of blockchain solutions. John provides strategic oversight for the conceptualization, system, and application development at Powerledger. His extensive experience in software and blockchain development gives Powerledger a competitive technical edge.
What sets Powerledger apart?
Powerledger was created in 2016 to tackle a significant issue: The energy from solar and wind sources is inconsistent and doesn't provide the reliability of fossil fuels, causing challenges for the grid.
Powerledger's strategy involved developing a highly flexible market to help manage this inconsistency and facilitate a shift toward a more reactive, distributed network with improved storage capabilities. Their software is utilized by utilities and major corporations to monitor, trace, and trade each kilowatt of energy, enhancing grid stability.
The software is crafted for the origin tracking of energy and portfolio management (PPA Vision), offering alternatives for cost-effective renewable energy through secondary markets and peer-to-peer energy trading (Secondary PPA Exchange and xGrid), and creating efficient marketplaces for eco-friendly commodity trading (TraceX).
Powerledger employs blockchain in multiple ways. For instance, Vision and PPA Vision utilize blockchain to track each kilowatt-hour by type, time, and location. Additionally, Powerledger provides products that leverage blockchain to document transactions between buyers and sellers of Environmental Attribute Certificates (EACs), and facilitate settlements between parties. These can be tokenized and integrated with both traditional and, eventually, blockchain certificate registries.
How many Powerledger (POWR) tokens are currently in circulation?
As of February 2021, the circulating supply of Power Ledger's (POWR) tokens is 425,498,654, with a total maximum supply of 1,000,000,000 POWR tokens.
How is the Powerledger network ensured to be secure?
Powerledger gives renewable energy asset owners the ability to choose their buyers and set prices for their energy. The trades occur over a monitored distribution network that ensures a secure stream of revenue. Users have the option to secure their POWR tokens using a hardware wallet.
As an ERC-20 token, POWR is compatible with all wallets that support Ethereum. Powerledger's suite of software leverages the Powerledger blockchain for necessary transactions, owing to its ability to scale more effectively than the public Ethereum blockchain. The Powerledger blockchain is constructed on a modified version of the Solana software, and security is reinforced through staking, managed by the official Powerledger staking platform.
Where can you purchase Powerledger (POWR)?
You can buy, sell, or trade Power Ledger (POWR) on several exchanges, including:
