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About Powerledger
- Powerledger is a technology company that builds software for distributed and decentralised energy markets.
- Headquartered in Zug, Switzerland, Powerledger operates in more than 10 countries.
- The POWR token is an ERC-20 token that acts as a licence required for businesses to access Powerledger’s platform.
- Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.
Founders
- Co-founded by Dr. Jemma Green and John Bulich in 2016.
- Dr. Jemma Green is the executive chairman of Powerledger.
About Powerledger: Empowering the Future of Energy Trading
What is Powerledger (POWR)?
Powerledger is a blockchain-based platform that facilitates the decentralized trading of renewable energy.
Powerledger (POWR) is a pioneering technology company that specializes in crafting innovative software solutions for distributed and decentralized energy markets, ultimately striving for a sustainable future. Its blockchain-based platform facilitates the seamless tracking and trading of energy, flexibility services, and environmental commodities. The company’s overarching objective is to establish a fully modernized, market-driven grid that empowers consumers with energy choices, thereby driving the democratization of power. With its headquarters situated in Zug, Switzerland, Powerledger boasts a global presence, operating in over 10 countries. Notably, the company operates on a dual-layered blockchain infrastructure, where the POWR token is issued on Ethereum as an ERC-20 token, while the Powerledger blockchain, built on a native Solana-based network, processes energy transactions with enhanced scalability.
The POWR token, an ERC-20 token, serves as a mandatory licence for businesses, including utilities, renewable energy operators, microgrids, companies dedicated to 100% renewable energy, and property developers, granting them access to Powerledger’s platform. Additionally, it will be utilised as a payment method for transactions on the Powerledger blockchain in the future. Notably, by 2015, a total of 30 countries had achieved grid parity, where the cost of solar-generated energy was equal to or lower than the local retail electricity price. By converging renewable energy and blockchain technology, Powerledger offers energy solutions that are not only more affordable but also more sustainable than traditional energy alternatives.
The Visionaries Behind Powerledger: Meet the Founders
Powerledger (POWR) was co-founded in 2016 by Dr. Jemma Green and John Bulich, a dynamic duo who converged their expertise to revolutionize the energy sector. As the executive chairman of Powerledger, Dr. Green brings a wealth of experience, having spent a decade as an investment banker in London before returning to her hometown of Perth to pursue her PhD in electricity market disruption. Her research focused on developing software that facilitates peer-to-peer energy trading, which ultimately led her to cross paths with John Bulich, a seasoned blockchain solutions expert renowned for crafting innovative solutions across various industries. The synergy between them sparked the conception of Powerledger, driven by the growing need for transparency and an additional peer-to-peer transaction layer in energy markets, particularly with the increasing integration of renewables into the grid.
In 2018, Dr. Jemma Green garnered prestigious accolades, including Sir Richard Branson’s esteemed Extreme Tech Challenge award, as well as the coveted EY Fintech Entrepreneur of the Year award. Fast-forward to 2024, Dr. Green joined forces with renowned former FBI hostage negotiator Chris Voss to co-author the acclaimed bestseller, ‘Empathy and Understanding in Business.’
John Bulich, a trailblazer in Australia’s blockchain landscape, serves as the Technical Director at Powerledger. Following the successful co-founding of Ledger Assets, he has established himself as a visionary technology entrepreneur, leveraging his expertise in the design and implementation of blockchain solutions. At Powerledger, John provides strategic guidance on conceptual, system, and application design and development, drawing upon his extensive experience in software and blockchain development to maintain the company’s technical superiority.
What Sets Powerledger Apart?
Powerledger was established in 2016 to address a pressing conundrum: the intermittent nature of solar and wind energy, which lacks the consistent quality of fossil fuels, thereby posing significant challenges to the grid.
Powerledger’s innovative approach involves creating a highly adaptable market that effectively regulates intermittency, paving the way for a seamless transition to a more responsive, decentralized network with enhanced storage capabilities. By leveraging its cutting-edge software, utilities and large corporations can accurately track, trace, and trade every kilowatt of energy, thereby significantly enhancing grid stability.
Powerledger’s innovative software is tailored to facilitate the meticulous tracking of energy provenance and portfolio management via PPA Vision, while also offering cost-effective alternatives for renewable energy through secondary markets and peer-to-peer energy trading via Secondary PPA Exchange and xGrid, as well as establishing efficient marketplaces for environmental commodity trading through TraceX.
Powerledger’s innovative solutions leverage blockchain technology in diverse ways. For instance, Vision and PPA Vision employ blockchain to meticulously track each kilowatt hour, capturing its type, time, and location. Furthermore, Powerledger offers a range of products that harness blockchain to record transactions between buyers and sellers of EACS (environmental attribute certificates), facilitating seamless settlements between parties. These certificates can be tokenized and integrated with traditional certificate registries, as well as blockchain-based registries, over time.
What Is the Circulating Supply of Powerledger (POWR) Coins?
As of February 2021, Power Ledger’s (POWR) circulating supply stands at 425,498,654 POWR, with a capped maximum supply of 1,000,000,000 POWR.
The Powerledger Network’s Robust Security Framework
Powerledger empowers renewable energy asset owners to exercise control over their energy sales, determining both the buyer and the price. Transactions are facilitated across a secure, monitored distribution network, ensuring a reliable revenue stream. Furthermore, users can safeguard their POWR tokens by storing them in a secure hardware wallet.
POWR, an ERC-20 token, is universally compatible with all wallets that support Ethereum. Powerledger’s software suite leverages the Powerledger blockchain for transactions, owing to its superior scalability compared to the Ethereum public blockchain. The Powerledger blockchain, built upon a modified version of the Solana software, ensures security through staking facilitated by the official Powerledger staking platform.
POWR, an ERC20 token, boasts seamless compatibility with all wallets that support Ethereum, ensuring effortless integration and utilization.
Acquiring Powerledger (POWR): A Comprehensive Guide to Exchanges and Marketplaces
If you’re looking to acquire, divest, or exchange Power Ledger (POWR), you can do so on the following esteemed exchanges:
- Coinbase
- Binance
- Bithumb
- KuCoin
- Upbit
- Gate.io
- Bittrex
- Bancor
- Changelly
- CoinSpot
- Huobi
- Kyber
- LA Token
- LocalCoinSwap
- Lykke
- TDAX
- Swyftx
- Liquid
- Crypto.com
New to the world of cryptocurrency? Look no further! CoinMarketCap presents a comprehensive beginner’s guide to purchasing Bitcoin or any other digital token with ease.
Unlock the Power of POWR Staking
Powerledger’s pioneering Proof-of-Stake Energy Blockchain empowers the development and scaling of energy projects globally, facilitating an impressive 50,000+ energy transactions per second. By staking your POWR, you can contribute to the security of Powerledger’s Energy Blockchain, participate in the burgeoning renewable energy transaction ecosystem, and reap rewards in the process.
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