DayOfCrypto
  • Home
No Result
View All Result
DayOfCrypto
No Result
View All Result
DayOfCrypto
Home Other
power-ledger-strikes-deal-to-roll-out-blockchain-in-south-australia

Power Ledger Strikes Deal to Roll Out Blockchain in South Australia

by Admin
November 8, 2019
in Other
283 9
0
Share on FacebookShare on Twitter

Power Ledger’s new commercial deal in South Australia aims to help users avoid additional hidden electricity costs and extra charges.

Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia. Power Ledger’s blockchain-based software will allow Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control and management over their energy.

Commercial deal with Australian electricity wholesaler Powerclub

Within the partnership, Power Ledger will be integrating its blockchain-based energy trading application Virtual Power Plant (VPP) to a commercial offering of Australian electricity wholesaler Powerclub, the firm announced Nov. 7.

Similarly to other recent initiatives by Power Ledger, the new project intends to provide users with access to wholesale electricity prices and reduce annual energy costs.

Specifically, Powerclub members will be able to pool their net solar and battery storage to act as a VPP, a cloud-based distributed power plant that is designed to enhance power generation and provide energy trading. As such, users will be enabled to sell solar power during periods of high electricity demand and spikes in prices, the report notes.

Power Ledger’s technology aims to decentralize and democratize energy industry

The technology is expected to enable Australians to gain control over when they use energy and how much they pay, thus avoiding additional hidden costs and charges by electricity retailers, as the press release notes.

Jemma Green, co-founder and chairman at Power Ledger, noted in a statement that the future of the electricity industry will be decentralized and democratized, just like what happened to the taxi industry with rideshare apps like Uber and Ola. “You no longer need to be a massive electricity company to commoditize energy,” Green stated.

In the press release, Power Ledger said that the new commercial deal is the first large-scale roll out of its energy trading technology. The deal follows on from Power Ledger’s first energy trading pilots in Western Australia launched in September 2019.

In early October, the company announced another blockchain-based energy trading trial in Japan’s Kanto region, its second trial in the country which is planned to be completed by December 2019.

Tags: AustraliaBlockchainElectricityEnergy

Admin

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Popular Tag

Adoption Banks Binance Binance Coin Bitcoin Bitcoin Cash Bitcoin Price Bitcoin Regulation Bitcoin SV Blockchain Central Bank China Coinbase Crimes Cryptocurrencies Cryptocurrency Exchange EOS Ethereum Ethereum Price Facebook Germany Government Investments Japan Law Libra Litecoin Markets Market Update Mining Payments Regulation Ripple SEC Security South Korea Stablecoin Stellar Switzerland Tokens Tradings Transactions USA Wallet XRP

Recent News

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

November 8, 2020
Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

November 8, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
Skip to toolbar
  • About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • AMP
    • View AMP version