How we started
Power Ledger was founded in May 2016. That same year our platform went live with proof of concept deployments in Auckland New Zealand and in a retirement village south of Perth, Australia.
We outlined our vision for the platform in our whitepaper which we made public in 2017. Our whitepaper and progress was very well received by the global blockchain community and in October 2017 we raised AUD$34 million in a token sale to further develop and deploy the technology. Power Ledger was also one of the recipients of a $2.5 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 Ethereum based POA blockchain. POWR tokens an ERC20 are on the Ethereum main network and therefore are freely traded on a number of digital currency exchanges.
We are now in scale up stage of commercialization in which our blockchain enabled software is being used by a number of major international energy companies.