Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Power Ledger Incorporates Blockchain Powered Energy Audit in Solar Power System

Power Ledger Incorporates Blockchain Powered Energy Audit in Solar Power System

Kelly Cromley by Kelly Cromley
Jan 14, 2020
in Market News, News
Reading Time: 2 mins read
0

Power Ledger, Australia headquartered blockchain energy company has bought a 250 kilowatt (KW) photovoltaic platform that will use a blockchain powered data handling and settlement system.

Power Ledger bought the platform from Perdaman Advanced Energy, an Aussie company providing sustainable energy consulting and project development.

The latest system will be installed in Maddington and incorporate a Power Purchase Agreement (PPA) to ensure transparency in renewable energy trading.

The media release further elaborated on the tracking process as follows:

“The renewable energy that the Maddington asset generates will be tracked using blockchain technology to provide a verified audit trail for energy generated, energy bought from the grid, energy consumed and energy dispatched to the grid.”

By employing blockchain, the company anticipates to eliminate any likely errors that cause under- or over- reporting of sales.

Other than the PPA, the system will utilize Power Ledger’s environmental characteristics product to mechanize the tokenization and disbursement of huge quantity of generation certificates.

The progress has happened within the bounds of Australia’s new plan for the energy market, where rewards will be paid for buying and selling energy on real-time basis.

Earlier last year, sustainable energy contributed more than 21% of Australia’s total power production, with completion of 38 renewable energy ventures, as per data from Clean Energy Council.

In 2018, South Australia solely generated over 50% of its power from renewable sources.

Power Ledger unveiled its initial test of P2P power trading technology in rural zones of Australia last September, aiming to assist external commercial establishments and farms boost the capability of their power grid and minimize related expenses.

The company has put efforts to pave way for similar sites to commercialize their excess solar power, as prevailing tariffs offer no financial remuneration to those who transfer surplus solar power back into the power grid.

Earlier this month, academic at Ireland’s Economic and Social Research Institute suggested that utilizing a blockchain powered “forward trading system” can offer a more effectual stimulus for the smart handling of renewable power intake.

Regarding token trading of power to be generated in the future, the news release details as underneath:

“Claims on future electricity production can be directly traded between generators and consumers through blockchain in a cyber-physical marketplace […] power contracts for future delivery are transacted on the blockchain. These claims on future generation could be embodied as nonfungible blockchain tokens with future electrical power delivery as the underlying asset.”

Previous Post

Huobi Exchange Facilitates UAE’s fäm Properties to Accept Crypto Payments

Next Post

Credit Card Provider Visa Takes Over Fintech Firm Plaid for $5.30bln.

Related Posts

imagen network

Imagen Integrates XRP for Faster Web3 Social Transactions

by Kelly Cromley
Jul 13, 2025
0

Imagen Network, a decentralized social platform driven by artificial intelligence, has introduced XRP-based liquidity modules across its multichain infrastructure. This...

endless partners with rei network

Endless and REI Network Join Forces to Simplify Web3 Development

by Kelly Cromley
Jul 13, 2025
0

Endless Protocol has announced a strategic partnership with REI Network, a lightweight blockchain infrastructure developed by GXChain Global. The collaboration...

Injective

Injective Forms Power Council to Bridge Web2 and Web3

by Kelly Cromley
Jul 13, 2025
0

Injective has unveiled the Injective Council, a newly established strategic advisory group comprising senior representatives from major Fortune 500 firms...

original productions partners with stuff.io

Original Productions and Stuff.io launch NFT-era documentary as digital collectible

by Kelly Cromley
Jul 13, 2025
0

Original Productions (OP), the non-scripted label under Fremantle, has collaborated with Web3 media innovator Stuff.io to launch its latest documentary...

luffa partners with webkey

Luffa and WebKey Unite to Simplify Web3 Access

by Kelly Cromley
Jul 13, 2025
0

Luffa, a recognized name in the decentralized social ecosystem, has joined forces with WebKey, the creator of one of the...

sui blockchain

Sui Blockchain Gains Spotlight as Grayscale Sees Strong Potential

by Kelly Cromley
Jul 12, 2025
0

Grayscale Research has identified Sui as one of the most promising blockchain platforms in the current digital asset landscape. In...

Next Post
Credit Card Provider Visa Takes Over Fintech Firm Plaid for $5.30bln.

Credit Card Provider Visa Takes Over Fintech Firm Plaid for $5.30bln.

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

imagen network
Market News

Imagen Integrates XRP for Faster Web3 Social Transactions

by Kelly Cromley
Jul 13, 2025
endless partners with rei network
Market News

Endless and REI Network Join Forces to Simplify Web3 Development

by Kelly Cromley
Jul 13, 2025
Injective
Market News

Injective Forms Power Council to Bridge Web2 and Web3

by Kelly Cromley
Jul 13, 2025
original productions partners with stuff.io
Market News

Original Productions and Stuff.io launch NFT-era documentary as digital collectible

by Kelly Cromley
Jul 13, 2025
luffa partners with webkey
Market News

Luffa and WebKey Unite to Simplify Web3 Access

by Kelly Cromley
Jul 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree