Power Ledger is the world leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable and automated market trading and clearing mechanism for residential and commercial businesses to decide who they sell their surplus energy to and at what price.
This class of Platform Application gives retailers the ability to empower consumers (or in an unregulated environment, the consumers themselves) to simply trade electricity with one another and receive payment in real-time from an automated and trustless reconciliation and settlement system. There are many other immediate benefits such as being able to select a clean energy source, trade with neighbors, receive more money for excess power, benefit from transparency of all your trades on a blockchain and very low-cost settlement costs all leading to lower power bills and improved returns for investments in distributed renewables.
This class of Platform Application provides Neo-retailers’ with smart demand and supply management, along with almost instantaneous remuneration and payment settlements while managing consumer exposure to the risk of non-supply.
MICROGRID/EMBEDDED NETWORK OPERATOR/STRATA
This type of Platform Application enables electricity metering, big data acquisition, rapid micro transactions and grid management at an unprecedented granular scale. Trading in embedded networks breaks the nexus between generation ownership and energy consumption meaning value can be derived from an investment in DER even if the investor is absent or doesn’t consume all the energy they generate.
WHOLESALE MARKET SETTLEMENT
This Platform Application class offers rapid low-cost and transparent dispatch optimization and management, data aggregation, reconciliation and settlement for wholesale energy marketplaces.
AUTONOMOUS ASSET (AA) MANAGEMENT
This current Platform Application allows for (1) shared ownership of renewable energy assets and (2) trading renewable asset ownership. The AA is able to buy and sell its own electricity and distribute its income to assigned wallet addresses.
DISTRIBUTED MARKET MANAGEMENT
This Platform Application provides optimized metering data, the collection of big data, right to access and dispatch of assets, rapid transaction settlement, network load balancing, frequency management, demand side response and demand side and load management. The optimization of network assets is made viable by the near real-time remuneration of asset owners.
This class of Platform Application facilitates real time metering data (interfacing with the Open Charge Point Protocol (OCPP)), collection of data, user identification and rapid transaction settlement.
A class of Platform Application whereby virtual pipeline and roadside assistance type assets may be automated via the platform, such as EVs, and can provide a mobile storage discharge facility maintaining energy supplies to predominantly self-sufficient energy consumers.
This Platform Application class offers smart contracts for carbon traders to assure digital transactions across organizations; credibility of asset using immutable distributed ledger technology; and transparency and auditability. It supports reporting and surrendering of carbon credits or certificates to regulatory authorities.
In the management of transmission networks, the Platform can provide real time metering data, collection of big data, right to access and dispatch assets, rapid transaction settlement, network load balancing, responding to non-stationary energy.