Australian Government Awards Grant to $8 Million Project Using Blockchain Technology to Integrate Distributed Energy and Water Systems

Perth, Western Australia – 17 November 2017 – Today the Australian government announced they will provide $2.57 million in funding for a cutting edge project in the City of Fremantle and $5.68 million will be funded through project partners. The project is trialling the use of blockchain-powered distributed energy and water systems.

Power Ledger will provide the transactional layer for the renewable assets as well as the ownership model for the community owned battery.