Power Ledger Forms Partnership To Begin Work in US
Power Ledger, an Aussie peer-to-peer energy trading start up, has partnered with energy company Helpanswers in a move to bring Power Ledger to the US. The partnership will focus their beginning targets on larger institutions like schools, housing, electric car charging, and wastewater/cement plants. The project will initially cover the areas of Texas, California, New England, and Chicago to Washington regions.
“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 democratizing power. Power Ledger is focused on creating the right economic and investment platform for consumer-owned, low-cost, low-carbon energy systems to transform the electricity industry.”
David Martin, Power Ledger Managing Director.
The implementation of the Power Ledger system will allow tracking of the generation and consumption of electricity for all trading participants and autonomously settle energy trades on pre-determined terms with transparent auditing and pricing.
Power Ledger has also included many of these projects into their Asset Germination Events where investors of the POWR tokens can purchase tangible renewable energy assets (ie. a solar, wind, or battery farm) and receive dividends off the asset's revenue.
Plans to deploy the Asset Germination Events are aimed for this year, all though exact dates have yet to be stated.
This is a fantastic development for a fantastic project. I came across Power Ledger way to late. having said that having seen this article, and due to the state of everything at the moment I have decided that I really should suck it up and get me some. If they are able to get a foot hold in the US then that can only mean great things for this "Little Aussie Battler". I think that we need to see more projects like Power Ledger and WePower in the blockchain space. Thanks for the post. cheers J
Agree totally. I'm thinking I might have to get in soon as POWR is around $.60, down from its ATH of around $1.90. Am definitely excited for the potential Power Ledger has in impacting the current renewable energy system in the United States.
Hey there, yep first thing that I did this morning was to check the line that I had dropped in the water last night.....but alas my prey had sway upstream, so I recast and now I guess that I will just wait and see (and then probably give up and pay a much higher bloody market price.....ah well such is life). Cheers J