March 28, 2022

Powerledger crowned Global Champion in World Summit Awards for peer-to-peer trading work in India

The World Summit Awards declares Powerledger as winner of the 'Environment and Green Energy' Category for 2022

Powerledger has been crowned Global Champion at the World Summit Awards (WSA) for our work in promoting distributed energy in Uttar Pradesh, India. 

Powerledger was awarded the top honour for the ‘Environment and Green Energy’ category, claiming victory over the four other finalists representing different countries in the same category. 

The competition was part of the WSA Global Congress 2022, an international virtual networking and learning event that focuses on the role of digital technology in achieving the UN Sustainable Development Goals (SDGs). 

Powerledger’s submission focused on the recent Uttar Pradesh project. In partnership with India Smart Grid Forum (ISGF), the project  led to regulatory changes to allow peer-to-peer (P2P) trading in Uttar Pradesh. This has allowed greater opportunity for affordable energy to reach the unelectrified rural areas of the state.

 “Powerledger is thrilled to have represented the country and won in the regional World Summit Awards in February, and then go on to be crowned global champion for our work in making a real contribution to distributed and decentralised energy markets,” said Powerledger Executive Chairman and co-founder Dr Jemma Green.

The WSA scheme recognises digital applications that have a strong positive impact on society. Out of 8,000 entries, Powerledger was singled out for helping to bring electricity to the largely unelectrified population in the rural areas of Uttar Pradesh.

From more than 180 participating countries, only 40 companies, including Powerledger, were selected as regional winners. Powerledger went on to present at the WSA Global Congress 2022 where judges were again pitched why our project was a worthy recipient.

The final jury phase concluded with an online Grand Jury meeting of 50 international high level experts that decided in a democratic and transparent process on the most impactful solutions for 2021. 

Powerledger’s Global Head of Business Development & Partnerships, Vinod Tiwari, gave the winning pitch — again validating the company’s blockchain-enabled technology.

“Powerledger is truly leading the way on distributed and decentralised energy markets, and our crowning as Global Champion at the World Summit Awards is great recognition of our technology, and of our entire team,” said Powerledger’s Global Head of Business Development & Partnerships, Vinod Tiwari.

Our blockchain-enabled platform encourages the use and growth of renewable energy at scale, without increasing congestion on the grid. Consumers are able to access energy that is sustainable and at a cost considerably less than traditional coal-powered energy. The blockchain is a digitised, decentralised, distributed ledger recording all energy transactions taking place on a peer to peer (P2P) energy trading network, which is helping the government of India in its ambitious goal of installing 40GW of solar rooftop power.

The WSA awards select and promote local digital innovation that improves society. Combining an ongoing  series of international events and activities with a global network of start-ups, social entrepreneurs, mentors, jurors, speakers, experts, government leaders, academia and civil society, WSA is an international platform for cutting edge examples of how information and communication technologies can impact society in a positive way.

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