Powerledger wins at the World Summit Awards
The World Summit Awards (WSA) have presented Powerledger with an award for our work with India Smart Grid Forum (ISGF) in promoting distributed electricity in Uttar Pradesh, India.
The WSA scheme recognises digital applications that have a strong positive impact on society, and out of 8,000 entries, Powerledger has been singled out for its promise of bringing electricity to the largely unelectrified rural population in the Indian state.
Powerledger picked up the award within the Environment and Green Energy category. Our efforts with partner ISGF have led to legislative change to allow peer-to-peer (P2P) energy trading within Uttar Pradesh.
Powerledger has been invited to pitch at the WSA Global Congress, taking place March 22–24, 2022. The Congress will be organized under the topic “Hack the Gap”. To attend the event, register here.
“The entire team at Powerledger is delighted with the award because it validates our blockchain-enabled technology,” said Powerledger Executive Chairman and co-founder Dr Jemma Green.
There were forty winners across a range of categories and Powerledger was one of only two Australian businesses to receive the prestigious trophy.
“Powerledger is proud to showcase to the world that our technology is making a real contribution to distributed and decentralised energy markets, and we are being recognised for this on the global stage,” said Powerledger Executive Chairman and co-founder Dr Jemma Green.
The company’s blockchain-enabled platform encourages the use and growth of renewable energy at scale, without increasing congestion on the grid. The blockchain is a digitised, decentralised, distributed ledger recording all energy transactions taking place on a P2P network, which is helping the government of India in its ambitious goal of installing 40GW of solar rooftop power.
In awarding Powerledger, the WSA said the winners of 2021 demonstrate how content-driven digital solutions decisively support societal challenges and assist to achieve the UN Sustainable Development Goals (SDGs).
Powerledger’s submission for the “Environment and Green Energy” category focused on how its Uttar Pradesh pilot, in partnership with ISGF, led to the directive given to all state utilities to implement P2P trading. This now allows greater opportunity for affordable energy to reach unelectrified rural areas.
Uttar Pradesh, which has a population of ninety million people, is the only state that has amended its regulatory framework to enable controlled P2P energy trading in India. Powerledger is now scaling its peer-to-peer energy trading projects across India.
The World Summit Awards select and promote local digital innovation to improve society. Combining an ongoing series of international events and activities with a global network of start-ups, social entrepreneurs, mentors, jurors, speakers, experts, government leaders, academia and civil society, WSA is an international platform for cutting edge examples of how information and communication technologies can impact society in a positive way.
With over seventeen years of international experience, WSA is a quality seal for digital content with societal impact in over 182 participating countries.