June 14, 2016

Press Release

PRESS RELEASE

3 October 2017

DigitalX to advise Power Ledger in Australia’s first major Initial Coin Offering

DigitalX Ltd (ASX:DCC) has announced it has been engaged as an advisor to the main token sale being carried out by blockchain energy trading company Power Ledger, which is Australia’s first  Initial Coin Offering (ICO), Following a pre-ICO or “Token Generation Event”, in which Power Ledger raised the equivalent of AUD$17 million, Power Ledger has offered 140 million POWR tokens as part of the main sale.

POWR tokens are effectively being auctioned to the public, generating interest from solar developers, renewable energy projects, retail investors and speculators.

“DigitalX is quickly becoming a market leader for ICO advisory services and it is a pleasure to be appointed in a strategic role to the Power Ledger project. Power Ledger is bringing sustainable energy to the peer-to-peer marketplace utilizing Blockchain technology and the engagement highlights Australia as one of the global leaders in Blockchain adoption.” said DigitalX CEO Leigh Travers.

Power Ledger is based in Perth and uses blockchain technology to allow households to trade excess solar power over the electricity network.

Major Australian power retailer Origin Energy recently announced a three-month trial with Power Ledger to explore the benefits and challenges of peer-to-peer energy trading across a regulated network.

“Blockchain technology and cryptocurrency underpins our business offering and we are excited to be working with Perth-based DigitalX” said Power Ledger Chair Dr Jemma Green.

POWR tokens will be offered via the Ethereum cryptocurrency network in an uncapped price offer, meaning the tokens’ final price will be determined by the market demand.

“POWR will be the Ethereum blockchain protocol token required throughout the Power Ledger eco-system that can be converted to ‘Sparkz’, which is the crypto-currency we have set up for users to trade electricity using the platform,” said Dr Green.

As part of the engagement,DigitalX will introduce cryptocurrency investors to Power Ledger in exchange for a fee which consists of a mix of Ether (ETH) and POWR tokens.

“Blockchain-enabled innovation is disrupting traditional industries and digital currency is changing the way companies access capital. DigitalX is pleased to be able to facilitate this quantum shift in traditional mechanisms for accessing funding,” said Mr Travers.

Power Ledger’s main sale concludes at 3 P.M AWST on Friday 6 October.

More information is available at https://powerledger.io/

-Ends-

 

About Power Ledger

Power Ledger uses blockchain technology to enable households and buildings to trade excess solar power peer-to-peer to make power more distributed and sustainable for consumers. The Power Ledger system tracks the generation and consumption of all trading participants and settles energy trades on pre-determined terms and conditions in near real time.

 

About DigitalX

DigitalX is a Blockchain technology Company with offices in Perth and New York. DigitalX provides Blockchain consulting services, ICO advisory services and software development. DigitalX’s partners can use DigitalX’s Blockchain technology expertise to deliver innovative products to global markets.

 

For further information, please contact 

DigitalX Limited

Leigh Travers

Chief Executive Officer

leigh@digitalx.com

T: +61 439 376 847

 

 

 

PRESS RELEASE

September 29, 2017

Tech Mahindra and Power Ledger unite to unleash the power of MaaS

Technology trials in Microgrid-as-a-Service aimed to impact the urban population in India

Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services, and Power Ledger, a blockchain-based peer-to-peer electricity trading platform provider have announced a series of technology trials that aim at bringing the benefits of energy microgrid developments to India’s booming urban population, through Microgrid-as-a-Service. Incubated by Tech Mahindra, Microgrid-as-a-Service or MaaS is an integrated platform which helps in creating a disruptive model in the electricity market by enabling building owners, campuses, smart cities and communities to produce and manage their own electricity affordably and even trade in case of excess generation.

During the trials, the partners will deploy Tech Mahindra’s MaaS platform integrated with Power Ledger’s blockchain-enabled energy trading capability at the test sites in India.

Atul Kunwar, President and CTO, Tech Mahindra said, “Tech Mahindra’s belief in its internal start-up to bring digital disruptions to different industries is proved by the success of MaaS in the energy industry. This disruptive technology will provide a model for energy service provision for thousands of communities across India, and this will also benefit markets like the US, Canada and UK for modernisation of grid through microgrids. Many of our existing customers are looking forward to use the platform.”

Disruption and Innovation have been integral to the D.A.V.I.D (Digitalization, Automation, Verticalization, Innovation and Disruption) approach of Tech Mahindra as the company pursues its journey to become a Digital Transformation player.  By exploring new avenues and capabilities in sectors as significant as the Energy, the company aims to be a pioneer in this space and add to the productive evolution of the utility industry.

Power Ledger uses world-leading blockchain technology to create an immutable record of energy generation and consumption allowing buying and selling of energy in a simple and autonomous manner with complete confidence.

Tech Mahindra’s microgrid technology allows for a seamless integration of distributed generation within a discreet community, managing power quality, reliability and safety in a low-cost and sustainable way.

David Martin, Managing Director, Power Ledger, said, “Trialing the energy trading platform in a market like India is a major opportunity to change the way communities sourced the energy required to take part in a modern global economy. Bringing autonomous, largely renewable microgrids integrated with Power Ledger’s technology to India, in partnership with Tech Mahindra, would give us a chance to demonstrate the potential of cutting-edge technologies and unlock the economic opportunities that flow to communities from having a secure energy source.”

The trial will initially involve Power Ledger using consumer data from Tech Mahindra’s sites to prove the accuracy and security of the former’s trading platform. This will also help Tech Mahindra to explore the value proposition for consumers and understand the regulatory and technical implications of the peer-to-peer trading model.The trial will begin in late 2017 at Tech Mahindra’s campuses in India and run for a period of twelve months.

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/

Katie Olver

Cryptoland PR for Power Ledger

Power Ledger

Phone: US: 866-586-5603

UK: +44 (0) 208 614 6816

Email:  katie@cryptolandpr.com


About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.5 billion company with 115,850+ professionals across 90 countries, helping over 864 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).

We are part of the USD 19 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

Connect with us on www.techmahindra.com || Our Social Media Channels

For Further Queries:

Shalini Singh

Global Media Relations & PR

Tech Mahindra

Email: media.relations@techmahindra.com

 

 

PRESS RELEASE

September 21st, 2017

Origin Energy And Power Ledger Trial The Benefits Of Blockchain P2P
Blockchain energy market provider, Power Ledger is putting its world-leading peer-to-peer energy trading platform to the test via a trial with Australia’s leading energy retailer, Origin Energy. The technical trial involves using anonymized and historical customer data to explore the benefits and challenges of peer-to-peer energy trading across the regulated network.

Power Ledger managing director, David Martin said working with Origin Energy was a major step towards demonstrating the power of the blockchain to unlock the value of consumer-owned distributed energy resources.

“The technical trial with Origin Energy allows us to test this new and potentially disruptive technology with one of the industry’s biggest players,” Mr Martin said.

“Peer-to-peer energy trading presents an opportunity to unlock enormous value for consumers, it disintermediates the energy supply model putting consumers in direct contact with other consumers,” continued Martin.

“Exploring technology options with Origin Energy that could allow consumers to take more control of their energy purchasing options highlights how the needs and expectations of energy users are changing in Australia and reflects Origin Energy’s stated commitment to delivering innovative energy solutions to its customers,” he said.

Power Ledger uses world-leading blockchain technology to create an immutable record of energy generation and consumption facilitating the opportunity for consumers to buy and sell energy to and from their neighbours in a simple and autonomous manner with complete confidence.
Tony Lucas, Origin Energy Executive General Manager, Future Energy said the Power Ledger trial reflectedOrigin’s commitment to rapidly exploring and trialling a range of emerging technologies.

“While it’s still fairly early days for this technology, we are keen to explore the potential benefits that peer-to- peer energy trading could offer our customers. Power Ledger is one of a number of emerging technologies we’re currently exploring, which we believe could help us meet the changing needs of our customers.

“We hope the trial will help us better understand the value proposition for consumers, as well as the regulatory and technical implications of the peer-to- peer trading model,” Mr Lucas said.
The trial involves Power Ledger using anonymized consumer data to prove the accuracy and security of the Power Ledger trading platform. The trial will begin in October and run for a period of three months.

Media contact –
Power Ledger: David Martin
Mobile: +61 (0)427 981 415
dm@powerledger.io
http://www.powerledger.io

Power Ledger PR contact –
Katie Olver, Cryptoland PR
katie@cryptolandpr.com
Media contact — Origin:
Michelle Hinchcliffe
Mobile: +61 (0)412 375 101
michelle.hinchcliffe@originenergy.com.au
http://www.originenergy.com

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/

About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company with market leading positions in energy retailing (approximately 4.2 million customer accounts), power generation (approximately 6,000 MW of capacity owned and contracted) and natural gas production (1,093 PJ of 2P reserves and annual production of 82 PJe). Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing Australia’s biggest CSG to LNG project based on the country’s largest 2P CSG reserves base.
See more at: https://www.originenergy.com.au/about.html

PRESS RELEASE

Power Ledger and Project Brainstorm form strategic partnership to bring energy trading to Queensland residents

18 September 2017

Australian blockchain energy market provider, Power Ledger has joined forces with Queensland firm, Project Brainstorm, to bring the benefits of renewable energy trading to Queensland residents.

Project Brainstorm is an innovative renewable energy systems provider that delivers a complete end-to-end package for mostly large-scale residential and commercial developments looking to enter the distributed renewable energy marketplace.

The partnership will see Project Brainstorm adding Power Ledger’s unique energy trading platform to its renewable energy product to enable Queensland consumers to access the benefits of low-cost, low-carbon energy while maximising financial returns by selling their excess energy to their neighbours.

Power Ledger managing director, David Martin said coupling on-site renewable energy generation with peer-to-peer trading allowed residential consumers living in lifestyle villages and apartment complexes the opportunity to maximise the value of their renewable energy investment.

“In group residential developments, strata managers and consumers have the freedom to act as on-site energy utilities generating clean, low-cost energy from solar panels installed on properties within the embedded network,” Mr Martin said.

“Energy trading greatly increases the financial return from installing roof-top PV because instead of selling it to energy retailers, residents can sell energy to their neighbours for more than twice what their retailer may be prepared to pay,” he said.

Power Ledger uses world-leading blockchain technology to create an immutable record of energy generation and consumption allowing consumers in strata-titled developments to buy and sell energy among themselves with confidence.

Managing director of Project Brainstorm, Luciano Giangiordano said “Distributed solar on group residential properties was a cost-effective way for tenants to reduce their energy costs and give residents a tidy return on investment.”

“Solar already has a great pay-back for customers but adding the ability to sell energy to your neighbours really makes installing solar make a lot of sense,” Mr Giangiordano said.

“It’s especially attractive to the Grey Nomads who can often spend months away from home touring Australia – instead of their renewable energy being spilled into the grid, selling power to their neighbours can help fund their holidays,” he said.

Project Brainstorm and Power Ledger have a pipeline of projects in Queensland and northern New South Wales lined up, including a 335kW PV system for an IGA supermarket and shopping centre on the Sunshine Coast.

The 335kW PV system for the shopping centre

A 600 bed Sundale Lifestyle and retirement village Near Noosa with an embedded grid, community battery storage, 2 electric vehicles used as pool cars for the full-time residents. Finally, an agricultural project for 12 sugar cane farmers in Wide Bay/ Burnett region.

Sundale Lifestyle and retirement village

 

– ends –

For more information please contact:

Katie Olver 

Cryptoland PR

katie@cryptolandpr.com

 

About Power Ledger:

Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable 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/

 

About Project Brainstorm:

Project Brainstorm is a Queensland-based renewable energy system provider.

Project Brainstorm is different to other solar installers in that we work for your business from the beginning to the end, from the initial analysis, design, financing, implementation and commissioning of the renewable energy system.  Project Brainstorm are Project Managers and Developers with broad experience in renewables and finance options for SME’s that we integrate in a step-by -step approach to each renewable energy project. 

See more at: http://www.projectbrainstorm.com.au

PRESS RELEASE

Trading Sunshine – Nest and Power Ledger bring renewable energy trading to Launceston

12 September 2017

Tasmanian renewable energy company, Nest Energy and West Australian blockchain energy technology company, Power Ledger have joined forces to bring a new, high-value model of distributed renewable energy generation to Launceston.

The Merino Street Project will see 1 megawatt of solar panels installed on commercial roof-tops with energy traded between customers in the commercial precinct.

Trading energy between customers allows the investors in roof-top PV to maximise the scale of their investment knowing they can sell their excess energy to their neighbours for a healthy return.

The project will be the first of many in Tasmania with Power Ledger and Nest agreeing to a partnership arrangement that will see Nest offering the energy plus trading product to Tasmanian customers under exclusive terms.

Power Ledger managing director, David Martin said coupling on-site renewable energy generation with peer-to-peer trading allowed businesses the opportunity to maximise the value of their renewable energy investment while sharing the benefit with neighbouring businesses.

“In a commercial precinct like Merino Street, not all customers have access to sufficient roof-space to install their own solar panels, but using the Power Ledger trading platform, they can now buy clean, low-cost energy directly from their neighbours,” Mr Martin said.

“Energy trading changes the value proposition for businesses installing roof-top PV; not only do they save money from reducing their exposure to retail energy prices, they can earn a healthy return selling their excess power, in effect, monetising their unused roof-space,” he said.

Power Ledger uses world-leading blockchain technology to create an immutable record of energy generation and consumption allowing consumers in strata-titled developments to buy and sell energy among themselves with confidence.

Managing director of Nest Energy, Mark Barnett said large scale solar on commercial premises was a cost-effective way for businesses to reduce their energy costs.

“Solar generation has a great correlation with business hours so can help businesses reduce their reliance on expensive grid-supplied energy,” Mr Barnett said.

“Solar already has a great pay-back for customers but adding the ability to sell energy to your neighbours really makes installing solar make a lot of sense.

“It makes even more sense if a business operates five days a week because they can sell most of the power they generate on weekends to neighbouring businesses who are open on weekends,” he said.

The Merino Street Project will be the first time Nest and Power Ledger have come together to provide the energy plus trading project in Australia and is an Australian-first for peer-to-peer traded energy in a commercial precinct.

-ends-

For more information, please contact:
Media Contact:
Katie Olver
katie@cryptolandpr.com

Company Contact:
Admin@PowerLedger.io

About Power Ledger
Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable 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/

 

PRESS RELEASE

Having Closed $17M In Their Presale ICO, Power Ledger Confirm Their Public Sale Will Commence on 8th September 2017

Perth, Western Australia –  4 September 2017 – Leading blockchain energy technology company Power Ledger, announces it will open its main public token sale at 3pm AWST (Perth time), 8am BST (London time), 3am EST (New York) on Friday 8 September 2017.

The announcement comes just after the close of the company’s public presale, which saw all 100 million Power Ledger POWR tokens sold in a little over 3 days.

“We are absolutely thrilled with the results of the public presale,” says Dr Jemma Green, co-founder and chair of Power Ledger. “Selling out in just over 3 days is a very strong performance in line with global ICO standards, which speaks to the strong levels of interest from consumer and institutional buyers.”

The proceeds from the total pre sale were AU$17 million and the main sale on Friday offers approximately 150 million POWR tokens (subject to final confirmation before the sale opens) in an uncapped sale, meaning that the level of market demand will have set the final token price at the end of the sale.

“Demand has significantly exceeded our expectations,” remarked co-founder and Managing Director Dave Martin. “As the first Australian ICO, we’ve been breaking new ground, and have been unable to rely on precedent to help us set targets. We initially hoped to conservatively sell up to $20million, but the strength of the market response has been absolutely phenomenal.”

Power Ledger’s blockchain-enabled ecosystem creates peer-to-peer renewable energy marketplaces, including where participating consumers and distributed energy resources are able to trade their renewable energy using blockchain technology.

The peer-to-peer applications are already developed and live in commercial settings in the Australian market, and the company has focused heavily on making growing strategic relationships with key players in the Australasian energy and property sectors as well as expanding globally. Token sales will be used to rapidly accelerate the company’s expansion, including entry into India and other emerging markets. Because such places have gaps in their existing energy infrastructure, they tend to be keen to adopt distributed wind and solar energy solutions, and fast added Mr Martin.

-ends-

For more information, please contact:
Media Contact:
Katie Olver
katie@cryptolandpr.com

Company Contact:
Admin@PowerLedger.io

About Power Ledger
Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable 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/

 

 

PRESS RELEASE

Australian Blockchain-Platform Launch Cryptocurrency Sale To Change the Face of Energy Trading

Power Ledger’s Token Generation Event Will Drive Global Reach of Blockchain-Enabled Peer-to-Peer Energy Trading Platform

Perth, Western Australia – 25 August 2017Power Ledger, a leading peer-to-peer marketplace for prosumers and consumers to trade renewable energy, backed by the biggest energy providers in Australia, have announced that strong pre-sale interest in their token generation event could see Australia’s first initial coin offering (ICO) achieve a total valuation for their POWR tokens of approximately $100 million.

The token generation event is part of a growing trend in which creators of digital currencies in the blockchain space sell tokens to the public to fund their projects. Unlike other ICOs, Power Ledger’s energy trading platform is fully commercially deployed and supported by leading energy providers such as Vector NZ and Western Power WA with opportunities further afield in US and Europe.

Active cryptocurrency investor, Ian Balina was recently quoted as saying Power Ledger’s token sale is good value for investors whether the company raises $30m or $90m.

There is strong interest in the company’s pre-sale which starts on Sunday 27 August 2017 2PM Western Australia time (06:00 UTC), from both the cryptocurrency community as well as energy providers looking to secure POWR tokens in order to trade on the platform. The first 100M tranche is being made available to the public at a set price.

While there is no minimum purchase for participation for the pre-sale, the company has applied a US$25K maximum spend. Such a limit, known as an “anti-whale” provision, aims to ensure that larger buyers with deeper pockets do not dominate the sale, enabling broader participation and minimizing the risk of potentially destabilizing network dynamics.

Up to a further 250M POWR tokens will be released in an uncapped Token Generation Event in September. The uncapped event means that market demand will determine the sale end price of the 250M POWR tokens on offer.

“The overarching aim of our Token Generation Event has been to interact with the community and raise awareness and funds to support the rapid market development of a global Power Ledger platform,” said Co-founder and Managing Director, David Martin.

“We want to spread the tokens far and wide, allowing as many potential future users access to them from inception and creating a diverse and powerful network. We believe that literally giving power back to the people will catalyze the movement towards peer-to-peer renewable energy trading, which lies at the core of Power Ledger.”

Some high profile early investors are already on board, including Bill Tai, the prominent Silicon Valley venture capitalist who also serves as the company’s Board Advisor, and who co-hosted the Third Blockchain Summit on Necker Island with Sir Richard Branson earlier this year.

Power Ledger’s Token Generation Event provides both individual and institutional buyers with the opportunity to participate in the company’s blockchain energy ecosystem, by purchasing POWR tokens. POWRs will be tradable on public blockchain platform Ethereum, and can also be converted to SPARKZ – tokens that can be traded for units of electricity on Power Ledger’s private blockchain.

Power Ledger’s blockchain-enabled platform creates peer-to-peer renewable energy marketplaces. Participating in such a marketplace enables consumers, strata holders and property developers who generate renewable energy, to buy and sell surplus energy to and from their neighbours.

The platform is already developed and live in commercial settings in the Australian market; furthermore, the company has also invested heavily in global strategic relationships and with key players in the Australasian energy and property sectors. Funds raised will be used to continue the company’s expansion, including forays into India and other emerging markets where gaps in existing energy infrastructure see rapid adoption of distributed wind and solar energy solutions.

“We have been and remain the global leader in this technology space, and our platform is already changing the face of renewable energy trading in a number of communities,” said Martin. “We see our Token Generation Event as an exciting opportunity to bring democratic, peer-to-peer renewable energy marketplaces to many more countries across the globe.” 
For more information on Power Ledger and their planned Token Generation Event, visit https://powerledger.io/ or join the Telegram group here.

 

PRESS RELEASE 

July 31, 2017

Venture Capitalist Bill Tai Joins Blockchain Renewable Energy Company, Power Ledger As Board Advisor

Leading blockchain-powered peer-to-peer renewable marketplace, Power Ledger, has today announced that venture capitalist Bill Tai has joined its board of advisors and will become an Ambassador for the company. Tai, based in Silicon Valley, is a high profile investor who is well known in the Blockchain segment and a co-creator of the Blockchain Summit which took place last week Sir Richard Branson’s private retreat, Necker Island.

Power Ledger Co-Founder and Chair, Dr Jemma Green who was invited to the Summit to present on how her company was applying blockchain technology to enable the decentralization of energy systems, met Tai onsite where the announcement was made.

“Power Ledger is a standout among the companies at our gathering, solving a real problem in an enormous market,” commented Tai.  The Blockchain Summit includes leaders from a diverse set of areas including conservation, philanthropy, government, non-blockchain entrepreneurship and non-governmental organizations. “Jemma and her team have shown the world how blockchain based technology can be applied to create liquidity and efficiency in the renewable energy markets with a solution that can be truly transformative.”

“It’s extremely exciting that Bill is now part of the team,” said Dr Jemma Green, Co-Founder and Chair of Power Ledger. “To have someone of Bill’s calibre as an ambassador within the team, will really help bring about change on a global scale. Having Bill onboard is a big win for us and we’re looking forward to an exciting year ahead.”

“The application of blockchain technology is making itself known in so many different industries now,” added Tai. “Power Ledger’s solution is in the final stages of commercial deployment, and shows massive promise in the future of renewable energy and decentralizing the grid” concluded Tai.

 

For more information, please contact:

Media Contact:

Katie Olver

katie@cryptolandpr.com

Company Contact:

David Martin

tge@powerledger.io

 

About Power Ledger

Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable 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/

 

PRESS RELEASE 

Peer-to-Peer Renewable Energy Marketplace Power Ledger Launches Ethereum-Backed Token

POWR Token Launches An ERC20 Token On The Ethereum Blockchain –

Perth, Western Australia – July 27, 2017 – Leading blockchain-powered peer-to-peer renewable energy marketplace provider, Power Ledger, has today revealed that they are launching the Power Ledger Token, POWR, a new cryptocurrency designed to fuel their renewable energy ecosystem.

POWR will be created as an ERC20 token on the Ethereum blockchain and will be integrated into Power Ledger as the primary platform token.

The Power Ledger platform is a trustless, transparent and interoperable P2P energy trading platform that enables residential and commercial energy users and producers to better manage their demand and supply needs and sell excess energy directly to other users at a higher price than they would get by selling to a utility company.

The platform disintermediates the energy supply value chain by providing a trustless interface between buyers and sellers that can remove the need for wholesale-to-retail intermediaries. The platform supports an ever-expanding suite of energy applications, with the current exchangeable and stable energy trading token, Sparkz.

Sparkz and POWR tokens will be required to perform various functions within the ecosystem and incentivize users to contribute to the democratization of energy. Sparkz will maintain a steady exchange rate between local market electricity prices and the exchange priced POWR token. As the Ecosystem user-base grows, the demand for POWR tokens is expected to increase.

Power Ledger already has numerous industrial partnerships in place, including with large utilities, some of which are already running on the platform.

John Bulich, co-founder & Director of Power Ledger, says: “Power Ledger believes that POWR will bring together a broad group of participants to trade energy with their peers in a trustless environment. As a leader in the P2P renewable energy space, we want to fuel an alternative ecosystem for prosumers and consumers to access low-cost, reliable and clean energy.”

Power Ledger have already completed a trial in Western Australia in January, and are now beta testing in Auckland, New Zealand, and in other Western Australian projects.

“We believe blockchain technology and protocol tokens will be the next important business model innovation in renewables and sustainability” continued Bulich. “Power Ledger will be the first P2P renewable marketplace to integrate a dual token protocol. This will be a watershed moment for tokenisation of real world energy, trading and management on the blockchain.”

Power Ledger is issuing the tokens under Australian law in another first, with Bulich adding “Our token issuance benefits from the same strong corporate governance framework that applies to the company.”

Power Ledger’s white paper, the holy grail of blockchain application for renewable energy, outlines a detailed description of the Power Ledger vision, the market, development roadmap and the upcoming token generation event of its tokens.

For more information, please contact:

Media Contact:

Katie Olver

katie@cryptolandpr.com

Company Contact:

David Martin

tge@powerledger.io

About Power Ledger

Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, auditable 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/

Or for more information about how to acquire POWR tokens, please contact support@powerledger.io

 

MEDIA STATEMENT

1 December 2016

People Power!

The power to trade electricity will soon be in the hands of every roof-top solar panel owner.

Australia’s first blockchain powered residential electricity trading market is to be launched in Perth today.

Perth-based global leader in peer-to-peer power trading, Power Ledger, has installed its world-leading energy-trading platform at White Gum Valley’s Gen Y home creating Australia’s first residential electricity trading market.

Residents in this development can now trade the electricity generated on their rooftop, and stored on batteries in their garage without the need for an energy retailer, said Jemma Green, co-founder and Chair of Power Ledger. Perth is leading the way in transforming the global renewable energy market, she said.

The residents of the multi-unit development, constructed as part of a Curtin University-led research project, will now benefit from the installation of rooftop photovoltaics (PV) and battery storage even when they’re not home to use it.

Power Ledger is all about people power: everyday people harnessing the energy of the sun on their rooftops, and effortlessly trading it with their neighbours via our world-leading technology, said Ms Green.

Power Ledger’s trading platform enables residents and building owners to benefit from their investment in rooftop photovoltaics, even when they’re not home. When someone is not using their share of electricity produced they can sell their share of the energy produced to their neighbours maximising the value of their investment, she said.

Power Ledger has successfully trialled its technology in Busselton, is working on a 500-site trial in Auckland with New Zealand’s largest electricity distributor, and has signed a number of other exciting projects it will unveil in the New Year, including a large-scale project expected to have many thousands of participants.

More about Power Ledger

The Power Ledger system uses blockchain technology to allow residents to trade electricity amongst themselves at a price greater than available feed-in tariffs but lower than residential retail tariffs, providing an incentive for more developers to install rooftop PV on strata-titled developments.

The peer-to-peer trading system allows property owners and residents to access the benefits of rooftop photovoltaics in a clear and transparent way, generating significant savings for electricity customers, and maximising the value of investments in sustainable energy infrastructure.

It’s our hope, that through adopting the Power Ledger system, consumers and businesses will be able to participate in the roof-top solar revolution, drive down resident power bills and contribute to the reduction in greenhouse gas emissions, she said.

(ENDS)

Media Contact: David Martin, Power Ledger managing director, +61 (0)427 981 415

Power Ledger Pty Ltd is a Western Australian company and a global leader in blockchain-based peer-to-peer energy technology.

More information about WGV and Gen Y by LandCorp can be found here:

http://www.landcorp.com.au/Residential/Gen-Y-Demonstration-Housing-Competition1/

https://www.landcorp.com.au/Residential/White-Gum-Valley/

 

31-August-2016

Peer to peer energy trading to be trialled in NZ

New Zealand energy and technology company Vector, and Australian blockchain energy company Power Ledger signed an MOU to deploy Power Ledger’s energy trading platform, allowing people to buy and sell power without using an electricity retailer.

Vector Chief Executive Simon Mackenzie says the trading platform allows consumers to trade surplus energy from solar panels and batteries directly with each other.

This arrangement empowers consumers to better manage and profit from their energy supply and demand.

Power Ledger co-founder and chair, Jemma Green believes that this kind of commercial deployment heralds the beginning of a new paradigm for energy markets globally.

Power Ledger is simply about using technology to enable the safe, sustainable and sensible trading of energy between producers and consumers. We are excited to be working with Vector to put the power of energy trading in the hands of every day New Zealanders.

The trial is planned to get underway in December 2016 across up to 500 sites across Auckland, including schools, community groups and households.

This is a natural extension of our exploration of new technologies with the emergence of a new electricity network that offers consumers greater choice and control over the sources of energy they use, he says.

Under the trading platform people can negotiate directly with each other depending on their supply and demand.

Even people without solar panels could buy power from their neighbours, Mr Mackenzie says.

This exclusive transaction is another milestone for Power Ledger, Vector is a perfect large scale partner for us in the sunny Oceania region Ms Green added.

Power Ledger are the global market leader in peer-to-peer energy trading, using encryption and Blockchain technology to allowing residential and commercial users to better manage their demand and supply needs by making the most of solar panels, batteries, peak loads and other factors such as weather forecasts.

 

ENDS

Media contact for Vector

Philippa White

Acting External Communications Manager

Vector Limited

+64 21 518 459

 

About Vector: (www.vector.co.nz) Vector is New Zealand’s leading multi-network infrastructure company which delivers energy and communication services to more than one million homes and businesses across the country. Vector is listed on the New Zealand Stock exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.4%, is Entrust (formerly Auckland Energy Consumer Trust). For further information, visit www.vector.co.nz

 

 

24-August-2016

Power Ledger to Launch on EcoChain

When Power Ledger launches later this month it will be the first application to store its energy readings on Ecochain, the world’s first low energy, eco-friendly blockchain.

Powered predominately by solar energy, Ecochain uses the latest Proof-of-Stake mining which by design uses a fraction of the energy consumed by other proof-of-work blockchains.

With it’s fast block-time Ecochain was purpose built for high-volume transaction applications. Further security and data integrity is provided by leveraging off the BTC blockchain using tangle technology developed locally by Ledger Assets.

A simpler form of Smart Contracts which protects against coding errors is also available.

 

 

11-August-2016

Perth Company to put power in the pockets of electricity consumers

People in Perth and the south west may soon have the power to buy, sell or swap excess solar energy with anyone connected to the Western Power network, if trials commencing today prove successful for Perth company Power Ledger.

We’re all electricity consumers, and many of us are now electricity producers with roof-top solar panels, said Power Ledger Chair Jemma Green

Power Ledger will enable producers and consumers to trade their energy directly saving money, hassle and maximising the use of clean, green, solar energy.

Power Ledger is tapping into the massive disruption of energy markets happening all across the world, but particularly here in Perth. The dynamics of electricity production, distribution and trading are changing: Power Ledger will enable consumers to play a more direct role in these processes, and have more control over their electricity production and consumption than ever before.

For many consumers, the decision to put solar panels on their roofs wasn’t just about saving money or saving the environment; it was an investment decision. The ability to now sell their excess energy to other customers represents the return on their investment, she said.

Just as Airbnb and Uber have up-ended the hospitality and transport markets, Power Ledger has the potential to change forever the way we buy and sell energy to power our homes said Ms Green

Power Ledger uses blockchain-based technology to identify the ownership of energy as it is generated and then to manage multiple trading agreements between consumers who buy excess solar direct from the original owner/producer all without the addition of market costs and commercial margins.

The owners of excess energy can sell their surplus to their neighbours for less than the uniform tariff but more than they would get from selling it to their retailer, Green said. “Effectively, we’re cutting out the middle-man to save consumers, and to maximise returns for producers.

It’s a win for the people who have been able to afford to invest in roof-top solar, but also a win for customers who haven’t: they will be able to access clean, renewable energy at effectively a wholesale rate. Everyone wins, said Ms Green.

The benefits of distributed renewable energy will flow on to those who, at the moment, can least afford to participate; we think that’s pretty special, she said.

Power Ledger has signed an agreement with National Lifestyle Villages to trial the technology at their Busselton site where there is a good mix of consumers with and without solar panels.

National Lifestyle Villages is excited to work with Power Ledger in the trial of their energy trading software at our Busselton Lifestyle Village. NLV is proud of our commitment to the environment and to providing affordable and sustainable lifestyles for over 45’s. Our Busselton Lifestyle Village is home to a very passionate, progressive, and environmentally aware community that is known for taking the initiative and being innovative in order to achieve positive environmental outcomes. The Power Ledger trial will help to demonstrate the value opportunity created through solar energy, and we look forward to better understanding how solar, battery storage, and smart energy technology can deliver positive outcomes for NLV, our clients, and the environment. Says Steve McGill, sustainability manager from National Lifestyle Villages.

The pilot project with Natonal Lifestyle Villages will help demonstrate the capability of the technology with plans for a second trial currently in development for a site in the Perth metropolitan area, scheduled for the first half of 2017.

Synergy and LandCorp are all supportively involved in discussions on the subsequent trial.

More information about NLV can bee found here: http://www.nlv.com.au/

 

Media contacts

 Dave Martin

Managing Director

Power Ledger

dm@powerledger.io

+61 (0) 427 981 415

 

Jemma Green

Chair

Power Ledger

jmg@powerledger.io

+61 (0) 429 985 546