Power Ledger partners with U.S electricity wholesaler to offer P2P energy trading

21 Nov, 2018
by Ryan Boltman
News
Power Ledger partners with U.S electricity wholesaler to offer P2P energy trading

Australian electricity focused startup Power Ledger has announced that they will be partnering with a U.S electricity wholesaler to offer its peer-to-peer (P2P) renewable energy trading platform. 

Business Wire reports that Power Ledger will be partnering with American electricity wholesaler, PowerNet, headquartered in Pennsylvania.

PowerNet looks to use the xGrid platform to trade its solar power which is created from the office roof and carport. The clean energy solution looks to assist Power Ledger in enabling a decentralized energy structure that would allow regular people to actively participate in the growth of the industry and be accountable for the impact of energy on the environment.

PowerNet President Scott Helm believes the partnership will see the company make better use of the excess energy - “Rather than just dump our excess solar power on to the grid, we’re thrilled we can now provide clean, sustainable power to our neighbors,”

Power Ledger offers a fantastic solution to PowerNets problem by optimizing the offering for all participants through the P2P platform.

The partnership sees Power Ledger move into more space within the U.S, having already completed projects in California and Chicago.

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Read more about:Power Ledger (POWR)

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