Contents
- 1 Overview of Power Ledger
- 2 Blockchain
- 3 Mine
- 4 Network
- 5 Regulation
- 6 Support
- 7 Transactions
- 8 AdMad at your Computer?
- 9 AdWhat’s a challenge without a Ranger FX4?
- 10 Can you tell us a bit about how Power Ledger got started and how the company looks today?
- 11 Could the World Ever Run Entirely on Renewable Energy?
- 12 Did you really need a blockchain?
- 13 Do you have any competitors, or is it a friendly market where everybody is working towards the same goal?
- 14 How do I buy Power Ledger?
- 15 How do you envision Power Ledger’s role in the tokenized RE market?
- 16 How do you see the progress of the tokenization of the energy market? What is the biggest obstacle at the moment?
- 17 How Does the Power Ledger Ecosystem Work?
- 18 How does xGrid work?
- 19 How Is Grid Parity Used by the Power Ledger?
- 20 How Is the Power Ledger Network Secured?
- 21 How many clients are connected to your platform as of today? Where are they geographically?
- 22 How Many Power Ledger (POWR) Coins Are There in Circulation?
- 23 How to Buy Power Ledger?
- 24 How To Get A Power Ledger Wallet?
- 25 If you were looking at a roadmap, how far could you say that you have come so far?
- 26 Is Power Ledger a Good Investment?
- 27 Renewable energy and the token economy?
- 28 Renewable energy and the token economy?
- 29 What are POWR Tokens?
- 30 What Are Sparkz Tokens on the Power Ledger Network?
- 31 What coins are similar to Power Ledger?
- 32 What does Power Ledger do?
- 33 What else do we need to know?
- 34 What hashing algorithm does Power Ledger use?
- 35 What is blockchain?
- 36 What Is Power Ledger (POWR)?
- 37 What is Power Ledger?
- 38 What Is Power Ledger?
- 39 What Is Power Ledger?
- 40 What is Power Ledger?
- 41 What Is Power Ledger?
- 42 What is Power Ledger?
- 43 What Is Power Ledger?
- 44 What is Power Ledger?
- 45 What Is POWR Token?
- 46 What is the Power Ledger community like? How do you interact with them, and are they involved in any projects or development?
- 47 What is the Reddit page for Power Ledger?
- 48 What is the value of Power Ledger?
- 49 What Makes Power Ledger Unique?
- 50 What problem are you addressing?
- 51 What projects are you working on?
- 52 What then, are the next steps for Power Ledger?
- 53 Where can I get Power Ledger wallet?
- 54 Who Are the Founders of Power Ledger?
- 55 Why EquityZen?
- 56 History of Power Ledger
Overview of Power Ledger
Blockchain
In the trial, which Tiwari says demonstrated some of the key features of the company’s technology, Power Ledger’s blockchain-enabled xGrid platform was used by APN to trade 43 MWh of solar power generated from the rooftop its headquarters in Pennsylvania with two neighbouring grid participants.The trial resulted in a 17% renewable energy mix for purchasers, which were able to access renewable energy at rates 5% lower than the grid rate.
Mine
The Power Ledger system tracks the generation and consumption of all trading participants and settles energy trades on pre-determined terms and conditions in near real time.
Network
Power Ledger allows for each unit of electricity to be tracked from the point of generation to the point of consumption within the building it is generated, or when sold to other consumers, using the local electricity distribution network.
Regulation
But many governments are listening and are opening up their minds to this technology.Of course, this will depend on local regulations and permits, especially if the Power Ledger grid has to be connected to the main grid.Power Ledger would allow a more even, efficient, and affordable system that would benefit all.Still, energy prices can vary wildly from one place to another, even within the same country.The distribution of electricity involves a complex network of energy producers (using fossil fuels, hydropower, geothermal nuclear, etc.), energy retailers (your local power company), and end-users.
Support
Power Ledger is a movement, They want to give power back to the people and tokens will catalyze this movement.They are hoping that the sale will raise enough to support development for a global Power Ledger platform, to spread the tokens far and wide and allow as many potential future users to have access to the tokens from inception.
Transactions
Power Ledger will create and maintain a blockchain platform which enables electricity metering, big data acquisition, rapid micro transactions and grid management at an unprecedented granular scale.
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Can you tell us a bit about how Power Ledger got started and how the company looks today?
Power Ledger was founded in 2016 with a vision to improve the efficiency and transparency of energy markets across the world while increasing the adoption of renewable energy.
Could the World Ever Run Entirely on Renewable Energy?
This week’s question—could the world ever run entirely on renewable energy?—is shadowed by a much larger one: Namely, will politicians and powerful forces of delay like Big Oil ever allow the world to run entirely on renewable energy? For the most part, we have put that larger question aside for this installment; the experts below are interested primarily in whether it’s feasible.
Did you really need a blockchain?
Jemma recognises that there are many things that could be done without a blockchain.For example, peer to peer trading with one retailer can be done without a blockchain.This however limits what’s possible beyond that.With blockchain you can facilitate cross retailer trading and create a much bigger distributed electricity market.
Do you have any competitors, or is it a friendly market where everybody is working towards the same goal?
Power Ledger believes in empowering individuals and communities to control the way in which they buy and sell their electricity.
How do I buy Power Ledger?
It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Power Ledger.
How do you envision Power Ledger’s role in the tokenized RE market?
Power Ledger is building the operating system for the new energy marketplace.Our core leadership team comes from an energy background and recognized the historic inefficiencies in electricity markets that we have the ability to solve.We recognized that blockchain technology can help the energy market to build better efficiencies and reduce market monopolies with existing retailers.
How do you see the progress of the tokenization of the energy market? What is the biggest obstacle at the moment?
Power Ledger has made significant progress in demonstrating the benefits blockchain technology can bring to the energy market, via our peer-to-peer (P2P) trading and renewable energy certificate (REC) trading products.
How Does the Power Ledger Ecosystem Work?
The Power Ledger Platform operates on two blockchain layers and uses two coins: The Power Ledger Token (POWR) and Sparkz.POWR and Sparkz are both used with the system and have different functions on both blockchains.The platform uses the public Ethereum blockchain as well as a private consortium blockchain, Ecochain.
How does xGrid work?
Matches per-site energy generation and consumption on a per-interval basis, down to 5 minute duration.?Allows dynamic price discovery, taking into account both the buyer and seller’s preferred pricing as well as the relative amounts of available supply and demand.?Lets users control the provenance of their electricity.?Provides transaction data, including volume and price, to the prosumers, consumer and retailer for settlement on a customer’s usual monthly bill.
How Is Grid Parity Used by the Power Ledger?
The Power Ledger has devised an ecosystem focused on enabling P2P transactions with renewable sources of energy.To make this possible, it uses blockchain to keep track of all the information related to the generation of electricity as well as its utilization.The data on these activities are stored on the Power Ledger platform.Transactions taking place on the platform will have their rates set in advance, both for energy generation and consumption.
How Is the Power Ledger Network Secured?
Power Ledger allows renewable energy asset owners to decide who they want to sell their energy to and at what price.Trades are conducted across a distribution network that is monitored and provides a secure revenue stream.Users can secure their POWR through a hardware wallet.
How many clients are connected to your platform as of today? Where are they geographically?
Power Ledger has active projects all over the world, including across Australia, Thailand, Japan, Europe, America, and India.
How Many Power Ledger (POWR) Coins Are There in Circulation?
Power Ledger’s (POWR) circulating supply is 425,498,654 POWR as of February 2021.No maximum supply data is available at the time.
How to Buy Power Ledger?
If you’re interested in getting your hands on some Power Ledger tokens, the first question you have to ask yourself is where you can buy them.Sites like cmc.io and coincodex.com can tell you which exchanges list the POWR token, and which trading pairs are available.A quick scan tells us two important things: first, there is no fiat/POWR trading pair anywhere, so you’ll have to use crypto to buy your tokens.Second, the largest exchange in POWR trading volume is Binance, where you can buy Power Ledger with Bitcoin, Ether, or Binance tokens.
How To Get A Power Ledger Wallet?
Power Ledger’s token, POWR will be created as an ERC20 token on the Ethereum blockchain and will be integrated into Power Ledger as the primary interface token.
If you were looking at a roadmap, how far could you say that you have come so far?
Within the space of less than four years, Power Ledger has evolved from a concept to product trials, to signing commercial deals.Additionally, we’ve taken our technology global and now have several international partners, including government bodies in Malaysia and India, as well as some of the largest utility companies in Japan, Italy, and America.
Is Power Ledger a Good Investment?
The success of the Power Ledger depends on how successful the company’s democratic, affordable, efficient energy program.And so far, they seem to be thriving, with 23 different projects in eight countries.That, plus the price prediction algorithms, seem to point to Power Ledger is a good investment in the long term.
Renewable energy and the token economy?
Which brings us to the latest in tokenizations.Renewable energy certificates, or RECs have up until now been one-off contracts issued by green generators and sold to multinationals and fossil generators who want to improve their green credentials.
Renewable energy and the token economy?
Which brings us to the latest in tokenizations.Renewable energy certificates, or RECs have up until now been one-off contracts issued by green generators and sold to multinationals and fossil generators who want to improve their green credentials.
What are POWR Tokens?
Access and permissions on the Power Ledger platform are controlled by POWR tokens.They can be used for trading on the platform, but they also have real world uses.
What Are Sparkz Tokens on the Power Ledger Network?
Sparkz tokens function as electricity credits pegged to local fiat which are used to pay for the services provided by the application hosts.The utility POWR tokens one holds are used as a surety for the Sparkz tokens.
What coins are similar to Power Ledger?
The following coins use Power Ledger’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.
What does Power Ledger do?
Our software provides a market-making mechanism to make renewables scalable without headaches, and help electricity retailers create new products and services.
What else do we need to know?
Today 30 percent of households in Australia have rooftop solar panels, and they are quickly adopting batteries.Energy is becoming localized.The peer-to-peer trading of electricity today happens long-distance, but the most value is to created within a community, otherwise you risk pushing electricity back up the distribution network and causing grid outages.
What hashing algorithm does Power Ledger use?
Power Ledger is a coin that uses the ETH Token algorithm.
What is blockchain?
Blockchain is a like a database that can be used in many different ways.It is a common record keeping system which creates more efficiencies in the transaction process between counterparties who in the past would have had their own record keeping system.Using a blockchain enables an entry in a ledger to contain both the payment and the physical statement of a digital asset.This reduces the settlement risk or the need to reconcile and settle payments which can be very costly for the transacting parties.
What Is Power Ledger (POWR)?
Power Ledger (POWR) is a blockchain-based platform released in May 2016 with the goal of disrupting the global energy industry by enabling local areas to sell and distribute solar power to their neighbors without the help of middlemen.It is a technology company that uses blockchain to facilitate energy and environmental commodity trading.
What is Power Ledger?
Power Ledger was the very first ICO conducted in Australia, and as a blockchain company it is somewhat unique in being non-financial in the field of financial blockchain projects.
What Is Power Ledger?
Power Ledger, a blockchain-based platform, plans to completely revolutionize the worldwide energy industry by enabling local areas to sell and distribute solar power to their neighbors without the need for a middleman.Imagine a world without reliance on big utility companies or foreign resources for all the energy needed to run your life.That world may become a reality in the near future in thanks to Power Ledger’s decentralized applications.
What Is Power Ledger?
Power Ledger (POWR) is a dual-layer blockchain-based, peer-to-peer energy platform that lets users buy and sell electricity.The Australian platform uses dual-chain architecture, with one layer residing on Ethereum and using POWR ERC-20 tokens and the other using the Ecochain platform and using Sparkz.Each is exchanged through an Ethereum smart contract that tracks energy generation and payments.
What is Power Ledger?
Power Ledger is the world leading peer-to-peer marketplace for renewable energy.
What Is Power Ledger?
The team behind the Power Ledger platform sees blockchain technology as a key tool for reforming the existing systems of energy creation and distribution.Their arguably novel concept involves creating an ecosystem in which the local communities would be empowered (pun intended) to distribute and sell their excess electricity without the interference from the existing power players in this market.
What is Power Ledger?
Power Ledger is enabling the sale of surplus renewable energy generated at residential and commercial developments.
What Is Power Ledger?
"We believe empowering individuals and communities to co-create their energy future will underpin the development of a power system that is resilient, low-cost, zero-carbon and owned by the people of the world."
The Power Ledger is bringing Power Ledger's P2P solar energy trading blockchain technology to the world.Power Ledger Pty Ltd allows renewable energy asset owners to decide who they want to sell their surplus energy to and at what price.Using blockchain technology we provide a transparent, auditable and automated market trading and clearing mechanism for the benefit of producers and consumers.Our technology enables the sale of surplus renewable energy generated at residential and commercial developments (including multi-unit/multi-tenanted) and at homes and businesses connected to existing electricity distribution networks, or within micro-grids.Power Ledger puts the power to manage the energy economy into the hands of consumers, while maintaining the value of existing distribution networks.
What is Power Ledger?
Power Ledger is a decentralized energy exchange platform.It incorporates energy applications, such as a P2P energy trading application that allows businesses to host trading on the platform.This technology enables the sale of surplus renewable energy generated at residential and commercial developments (including multi-unit/multi-tenanted) connected to existing electricity distribution networks, or within micro-grids.POWR is an Ethereum-based token that fuels the Power Ledger Ecosystem.POWR tokens serve as access permission tokens, allowing the Application Hosts and their consumers to gain access to the P2P trading features and other Power Ledger applications.To synchronize the ecosystem globally and create cross-market electricity compatibility, a second token, Sparkz, is used in Power Ledger's ecosystem transactions.Applications Hosts may convert their POWR tokens to Sparks when the ecosystem has been accessed.
What Is POWR Token?
The Power Ledger’s ecosystem operates based on the interactions between its layers and two tokens.This is made possible with the use of Ethereum-based smart contracts.The transactive layer of the platform establishes communication with the power grid via devices called smart meters.These are electronic systems which keep track of the level of electricity consumption and send the information to energy producers so that they can issue bills based on these data.The power generators are in charge of maintaining both power supply and distribution infrastructure.These producers, alongside any entity (property managers, retailers) running the Power Ledger application are known as “application hosts”.
What is the Power Ledger community like? How do you interact with them, and are they involved in any projects or development?
Power Ledger’s community is very supportive, and we interact with our community actively across social media platforms, Telegram, Reddit, and Medium.
What is the Reddit page for Power Ledger?
The official Reddit community (subreddit) for Power Ledger is r/powerledger.
What is the value of Power Ledger?
One Power Ledger (POWR) is currently worth $0.38 on major cryptocurrency exchanges.You can also exchange one Power Ledger for 0.00000696 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Power Ledger in U.S.dollars is $165.03 million.
What Makes Power Ledger Unique?
Power Ledger has six products: Power Port, uGrid, xGrid, C6, C6+ and Asset Germinator.All of these products provide different energy solutions through the use of the blockchain.Users can buy and sell energy on the existing electrical grid.They do this through peer-to-peer transactions.
What problem are you addressing?
Jemma Green: Electricity markets are changing from a model centered on large generators to one of distributed renewables, but this is causing problems in the transmission grid: a “duck curve”.
What projects are you working on?
We are growing rooftop solar in a scalable way in Malaysia.We’re working on the largest P2P project in the world in Thailand connecting six commercial buildings, with the help of the Thai Digital Energy Development Authority.We’re also licensing our software to Chiang Mai University for solar and battery projects, and virtual power-plant trading.We also have projects with KEPCO in Japan, ISGF in India, ekWateur in France, and Silicon Valley Power in the U.S.
What then, are the next steps for Power Ledger?
Power Ledger is continuing to form partnerships with energy regulators, retailers, and other electricity-related businesses around the world to make energy systems more efficient while helping to advance the adoption of renewable energy.
Where can I get Power Ledger wallet?
Power Ledger produces its own wallet software that is available for download on its website, which allows you to store Power Ledger on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
Who Are the Founders of Power Ledger?
Power Ledger (POWR) was co-founded by Dr.Jemma Green, Dave Martin, John Bulich and Jenni Conroy.
Why EquityZen?
EquityZen helps investors to access private companies and their employees to sell shares.