We're improving the efficiency and transparency of energy markets with projects across the globe.
About Power Ledger
Power Ledger is a fast growing tech startup that has developed a world-first blockchain enabled energy trading platform to make energy markets more efficient.
We have received global recognition for our technology including winning Sir Richard Branson’s international Extreme Tech Challenge in 2018. In addition to recognition for the company, our co-founder Dr Jemma Green was named the Australian EY Fintech Entrepreneur of the Year.
Power Ledger’s proprietary software is currently being used in multiple countries including Australia, Thailand, India, Japan and the United States.
With a team comprised of some of the world’s leading energy and blockchain experts, we continue to challenge ourselves to create a world powered by renewable energy.Read our whitepaper
We want to make it easier and cheaper for people to choose energy from renewable sources. Energy markets have failed to keep pace with the advancements in solar technology and battery storage.
We saw the need for an energy trading platform that would facilitate the buying and selling of renewable electricity generated from rooftop solar panels, in addition to trading energy stored in batteries.
As our capabilities and expertise have expanded, so too have the applications and use cases of our technology platform.
We're using people power, quite literally, to improve our energy systems to make them clean, reliable and affordable. It's a movement we call the democratization of power.
Scott Helm, American PowerNet
The real opportunity here lies with utilities - technologies for commercially generating your own power are getting better and cheaper. So why not embrace and provide a standard peer-to-peer (P2P) platform and charge for the flow of electricity in every direction?
I'm hoping this deployment will demonstrate to utilities that this is a viable option to keep and grow business as the market evolves - which is one of the biggest attractions about Power Ledger. They recognized the need to work with the existing utilities and existing wires - which will be huge for greater adoption.
How we started
Power Ledger announced plans to develop a blockchain energy trading platform in 2016. We outlined our vision for this platform in our white paper which we made public just under a year later.
Our whitepaper was very well received by the global blockchain community and in October 2017 we raised AUD$34 million in a token sale to develop the software. Power Ledger was also one of the recipients of an AUD$8 million Australian Government grant to establish a Smart Cities trial in the Western Australian city of Fremantle.
Our energy trading platform has been developed on an internal Proof of Authority Ethereum network, and our POWR tokens an ERC-20 are on the Ethereum main network and therefore are freely traded on a number of cryptocurrency exchanges.
We are now in the early stages of commercialization in which our blockchain enabled software is being trialled by a number of major international energy companies.
Our team is comprised of some of the world’s leading energy and blockchain experts. We continually challenge ourselves to solve the biggest problems that stand in the way of our renewable energy future.
Make an enquiry
If you have questions or comments, feel free to get in touch with us using our enquiry form. We will aim to get back to you within two working days.Enquiry form