Aussie blockchain startup Power Ledger partners with US to set up renewable energy trading projects

Australian blockchain-based energy company, Power Ledger partnered with US clean energy not-for-profit Helpanswers to bring peer-to-peer renewable energy trading to North America.

The partnership will focus on hundreds of potential projects, covering over 50 Megawatt solar and 50 Megawatt Hour energy storage.

The projects will begin in top renewable markets like Texas, Chicago to Washington, New York, California and New England.

Via Power Ledger.

Focusing first on energy-intensive users such as schools, water waste, cement plants and low-income housing, the project will then lead yo electric vehicle charging networks.

Power Ledger’s Asset Germination Events will back the projects, where users who hold the POWR tokens by Power Ledger can purchase renewable energy asset and be allocated revenue accordingly to its share of the asset.

The asset maybe solar or winds farms which help democratise power and help with lowering costs.

“We are very excited to bring the tried and tested Power Ledger Platform to North America with our technical assistance and customer care”, said Helpanswers founder, Mark Johnson.

Helpanswers facilitates the adoption of smart grid and advanced/smart energy data, control and storage technologies to improve the efficiency and resiliency of buildings, businesses and communities across the United States.

Founder Mark Johnson formerly serves as the lead for US Department of Energy’s multi-billion dollar program for energy efficiency and renewable energy. He also worked with the Smart Cities Chief at Schneider Electric, IBM Utilities/Energy and Navigant Consulting.

With this partnership, the objective is to reduce energy demand and carbon emission and serve the community.

“We’re thrilled to partner with Helpanswers to grow our technology and platform footprint in North America and bring Power Ledger a step closer to our goal of democratising power,” said Power Ledger Managing Director, David Martin.

“Power Ledger is focussed on creating the right economic and investment platform for consumer-owned, low-cost, low-carbon energy systems to transform the electricity industry,” he said.

Power Ledger is also not new to big projects like this. Just last year, the government is backing Power Ledger to initiate part of the $50 million ‘Smart cities and Suburb Program’.

On top of that, they were also named top leading startup in WA at the Techboard Awards.