Using the Power Ledger platform, Silicon Valley Power tracks production and use of energy at the solar PV and battery-equipped six-story parking garage in the heart of the city’s entertainment district.
Digitizing electric vehicle (EV) charging transactions to help the utility earn credits under the California Air Resources Board’s (CARB’s) Low Carbon Fuel Standard (LCFS).
How the technology works
Power Ledger’s blockchain technology combines all the data required to account for a unit of EV charging value as a LCFS credit, in a way that’s secure from being altered.
The Power Ledger platform tracks how many kilowatts of electricity are being generated, stored and dispatched in real time, and how that profile aligns with EV charging at the time.