Power Ledger (POWR)
Power Ledger (POWR)- A New Energy Trading Platform
Blockchain technologies will lead to the decentralization of electricity markets. With a growing industry trend of people generating their own electricity, we expect Power Ledger to flourish and continue to drive that trend. Although not limited to solar energy, Power Ledger focusses on solar energy and should continue to increase in value as demand for solar power and other renewable energy increases. Power Ledger collaborates with partners in Australia, India, Thailand, and Lichtenstein, and we think a major uptick in price is possible if they establish a partnership from a more reputable energy company.
What Is It?
Power Ledger offers a peer-to-peer, blockchain-based energy trading platform, in which renewable energy can be sold between buyers and sellers without a middle man. In short, somebody who produces their own energy can sell their excess energy to another consumer instead of selling it to a power company. This enables prosumers (people who generate and consume energy) to sell their energy for higher prices and consumers to buy energy for lower prices than before. In a centralized market, prosumers sell their energy to power companies at a discount and the power companies resell that energy to consumers at a premium. With Power Ledger, people can sell energy without offering a discount and people can buy energy without paying a premium.
U.S. SOLAR INSTALLATIONS NEARLY DOUBLED IN 2016. IN 2017, OVER 23% OF AUSTRALIAN HOUSEHOLDS OWNED SOLAR PANELS
The Power Ledger platform uses two tokens: POWR and Sparkz. Power Ledger’s white paper explains POWR as a token that allows Application Hosts and Participants access to the platform, similar to a limited software licensing permission. The POWR token grants ability for Application Hosts to transact on the platform, through trading POWR tokens for Sparkz. One an Application Host has exhausted all POWR tokens, they can no longer transact on the platform until hey obtain more POWR to provide platform access. POWR tokens are the tokens available on cryptocurrency exchanges.
Sparkz tokens let consumers and prosumers buy and sell energy. Sparkz represent a unit of electricity in varying markets around the world. Sparkz are pegged to the lowest denomination of varied domestic currencies, which means that they are priced for the exchange market they are deployed in. For example, in the United States, 1 Sparkz = $.01 USD. In Australia, 1 Sparkz = $.01 AUD.
Power Ledger utilizes a twin token system to help convert Sparkz into global currencies and to also prevent the volatile nature of cryptocurrencies to impede on revenues from selling surplus energy.
Peer to Peer (P2P) Trading – hosts and consumers can trade electricity in real time through the blockchain’s trustless settlement system. Some benefits include: consumers selecting their energy source, trading with neighbors, receiving more power for less money, and transparent transactions, which lead to lower power bills and improved returns for investments in distributed renewables. P2P trading exists in apartment buildings (strata developments), microgrids (small communities), village to village trading, and electric vehicle energy storage. Additionally, POWR can be used to invest in asset germination, which enables individuals to purchase a stake in a renewable energy infrastructure to benefit from its revenue stream, instead of purchasing the entire infrastructure.
There are no key hard dates in the near future. However, Power Ledger has some plans in 2018:
Q1: Early Application Hosts will be gifted POWR to incentivize use and contribution
Q3: First Asset Germination Event – POWR token holders will receive priority to become co-owners and beneficiaries of renewables assets
Q4: Begin beta tests of Autonomous Asset Management, Neo-Retailing, and Carbon Trading Applications.