Power Ledger, an Australian blockchain-based cryptocurrency and energy trading platform, has been using blockchain technology to facilitate green energy trading. The Company has recently partnered with French green energy retailer EkWateur, and they are now offering residents of the area the ability to customize their energy mix.
Being the first Company in France to provide 100% renewable gas energy from biomethane, EkWakteur supplies 100% renewable electricity generated from wind turbines, photovoltaic panels and hydraulic plans.
As per an announcement on April 1, the partnership would see EkWakteur connect Power Leger’s blockchain-enabled tool dubbed Vision, to its network of over 220,000 electricity meters. Using this tool, users would be able to select their preferred energy mix, securely certify the energy source, and track it every 30 minutes.
Dr Jemma Green, executive chairman of Power Ledger, said:
“Whether consumers want to source energy from their neighbour’s solar rooftop panels or a wind farm in Bordeaux, our platform gives consumers choice and control over their energy source.”
The technology would go live across EkWakteur’s network by the end of 2020, and both the firms believe that giving the customer choice and flexibility can help with the reduction in greenhouse gas emissions and meet targets set at the Paris Climate Accords.
EkWateur CEO and Co-founder Julien Tchernia, commented on this partnership stating:
“Power Ledger’s technology fits perfectly with our Vision, transparency is key for eKWateur. Since the beginning we’ve aimed to offer innovative services to our clients so they can hold all the cards to actively participate in the transition of the energy market.”
Dr Green added that the nationwide roll-out represents “a world-first in energy trading” by giving customers expanded control and security. It is also the Company’s largest project to date.
Blockchain and Green Energy
As previously reported by The Daily Chain, Power Ledger partnered with the India Smart Grid Forum (ISGF), a public-private partnership initiative of India’s Ministry of Power for accelerated development of smart grid technologies. The project would display how blockchain can be utilized to trade solar energy using rooftop solar systems and is set to go live this year.
As of now, Power ledger has on-going projects in several countries across the world like Austria, Japan, Thailand, and the United States. The Company also partnered with Australian electricity wholesaler Powerclub in efforts to allow Powerclub members to pool the excess solar and battery storage and use it as a Virtual Power Plant (VPP) and as a result, allow them to buy electricity when prices are low and sell when there is a spike owing to demand.