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- 1.5 billion people don’t have access to basic electricity.
- Power Ledger lets you share clean, reliable and low-cost energy with your neighbors.
- Pay for your electricity through simple transactions powered by blockchain technology.
If you’re reading this, you’re using a device that is powered by electricity. Electricity plays a constant role in our day-to-day lives. You drive your car to and from work, turn on the lights when you enter a room or microwave leftovers for dinner or you watch television in the evening.
Energy is a vital part of our lives. But the reality is that 1.5 billion people still don’t have access to electricity. And, in recent years nearly 80 percent of the world’s energy still comes from fossil fuels—like coal—that harm the environment. Only about a fifth of the world’s energy consumption is through green and renewable resources like wind, solar and hydropower.
Luckily, there’s an easy and cost-effective way for you to choose renewable energy for your home or office. Power Ledger lets you buy and sell excess energy with the people around you.
How the Power Ledger Marketplace Works
With Power Ledger hardware and an app, people can monitor how much electricity they are using from clean and private energy sources. They can sell any extra energy that they are not using to nearby residences.
For example, a family may be collecting energy from a solar panel on top of their house. But, they may not be using all of the energy that the panel collects.
The energy exchange is made through trading a cryptocurrency called Sparkz. Blockchain technology lets both sellers and buyers monitor the transactions as they are happening. This real-time information allows sellers to get the best price for their energy. On the flip side, buyers get a better deal with Power Ledger than what they’d pay for electricity from a large company.
“Their success is fast proving that digital energy and the vast applications of blockchain technology is something we should be interested in.”
The Huffington Post Australia
The Women Power Behind Power Ledger
Power Ledger hasn’t just paved the way for easy access to clean energy. It has also opened another door for women to become prominent forces in shaping the future of blockchain technology. This month Dr. Jemma Green, co-founder and chair of Power Ledger, and Anya Nova, the company’s crypto economist, were recognized for their contributions to business and technology.
Power Ledger was founded in May 2016. So far the has raised about $35 million in two funding rounds.