Power Ledger Brings P2P Energy Trading To US Market
Power Ledger has launched its peer-to-peer energy trading product for renewable energy. Power Ledger will launch with American PowerNet at their home base in Pennsylvania.
Power Ledger is a blockchain-based solution for renewable and cost-effective energy.
Their website says the Power Ledger envisions “an economy where households that generate electricity can trade with their neighbors and get a fair return on their investment. Where electricity is stable, affordable and available to everyone”.
Business Wire published a press release today announcing the launch of Power Ledger’s “peer-to-peer (P2P) renewable energy trading platform at licensed retail electric provider American PowerNet’s headquarters in Wyomissing, Penn”.
American PowerNet “is an independent power supply company providing retail and wholesale electric supply services throughout the United States”
The press release explains that American PowerNet will employ Power Ledger’s xGrid platform. This platform allows American PowerNet to swap solar energy (absorbed from its buildings) with nearby associated neighbors. This will reduce carbon emissions and electrical cost.