Silicon Valley Power, United States - Power Ledger
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Silicon Valley Power, United States

Trace Silicon Valley Power uses Power Ledger's platform to monetize electric vehicle infrastructure, creating the potential for tokenized carbon credit trading.

Project summary

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.

Silicon Valley Power’s proactive approach and knowledge-exchange with Power Ledger and other key stakeholders will demonstrate the ability to track low carbon intensity energy from source, to storage, to end user.

GridDemocracy President Rick Kubin

Project highlights

15,000kWh

Energy discharged to EVs per quarter

~10

Number of credits generated with support of the platform per quarter

0%

Manual effort in generating the quarterly report to submit to the regulator

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