Power Ledger Partners with Silicon Valley Power on Renewable Energy Tracking for Electric Vehicles

Power Ledger
Jun 19, 2018 · 3 min read

Power Ledger has today announced a ground-breaking collaboration with Silicon Valley Power (SVP), City of Santa Clara.

Image for post
Image for post
  • Power Ledger’s first carbon credit project.
  • The Power Ledger platform will be used in one of the biggest multi-storey EV charging facilities in California.
  • The project will create a digital record of the Low Carbon Fuel Standard (LCFS) transactions. The aim is to cut both time and cost in the processing of LCFS credits.

Power Ledger has today announced a ground-breaking collaboration with Silicon Valley Power (SVP), City of Santa Clara.

The project will link renewable energy production and storage with community-based charging of electric vehicles (EVs).

The Power Ledger platform uses world-leading blockchain technology to create a transparent, auditable and automated record of energy generation, storage and consumption.

The project will integrate the platform with renewable energy assets in order to:

  1. Track and manage the production and consumption of low-carbon energy from Santa Clara solar and batteries, through one of the largest public multi-storey electric vehicle charging facilities in California;
  2. Digitize Low Carbon Fuel Standard (LCFS) management system transactions to support the tracking of low-carbon electricity as a fuel path and achieve the goal of cutting time and cost in processing LCFS credits.

The platform will connect city-owned PV and the SVP electric power grid by utilizing API data from pre-existing meters without the need for additional hardware, software or engineering fees.

Image for post
Image for post

“Silicon Valley Power is a leader when it comes to implementing innovative customer programs with cost-saving technology and digital accountability,” Power Ledger Managing Director and Co-Founder David Martin said.

“We’re excited to demonstrate how the platform can assist with cutting both costs and carbon in a simple manner with a secure and clean energy source.”.

“We’re looking forward to using the Power Ledger platform to enable the tracking of carbon- free electricity from source to customer electric vehicles,” Silicon Valley Power Chief Electric Utility Officer John Roukema said.

“This will provide a clear audit trail in support of proposed changes to the low carbon fuel standard program that will allow for incremental credits while automating the entire process.”

Image for post
Image for post

You can find more details on the project here.

Image for post
Image for post

About Power Ledger:

Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, audit-able and automated market trading and clearing mechanism for residential and commercial businesses to decide who they want to sell their surplus energy to and at what price.

See more at: https://powerledger.io/

Image for post
Image for post

About Silicon Valley Power

Silicon Valley Power (SVP) is the trademark adopted for use by the not-for-profit electric municipal utility of Santa Clara, CA, serving residents and businesses for over 120 years. SVP provides power to nearly 55,000 customers, including Intel, Oracle, Levi’s Stadium, Owens Corning, Marvell Semiconductor and NVIDIA at rates 22 to 48 percent below neighboring communities.

See more at: http://www.siliconvalleypower.com/

Power Ledger

Power Ledger is a fast growing tech startup that has…

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store