Power Ledger’s Technology in Trials with Origin Energy

KEY TAKEAWAYS:

• Power Ledger Charts marked with approximately 1.525% increase and the latest price at $1.50.
• Origin Energy conducted trials with private households offering the blockchain energy platform.
• Power Ledger confirms latest international partnership developments.

Following the successful initial coin offering worth A$34 million raise by Perth-based Power Ledger last October 2017, the energy startup rapidly steals the scene as it has grown and recognised as the latest solution in a reduction of electricity costs via its peer to peer renewable e-sharing. Supported by the Australian authorities, Power Ledger’s token proves to be a highly utilised, multipurpose and serviceable to the global market.

As one of Australia’s major energy retailers, Origin Energy, bound to reveal its latest three-month trial conclusion entailing the “anonymised and historical” information usage by Origin consumers. The main purpose of the study concerns exploration and establishment of advantages and limitations of peer to peer energy e-sharing within a controlled environment. While traditional energy basically involves three processes from generation, transmission, and distribution to retail, Power Ledger introduces the Public Blockchain Environment to Closed-loop Trading Ecosystem. Functions as a trustless, candid and interoperable energy exchanging system in line with unceasingly developing series of applications via the Sparkz token reciprocation. The conceptual process of generating solar electricity, charging home batteries and share consumer excess energy linked to the blockchain platform.

Being the pioneer for the public implementation of peer to peer energy sharing, the White Gum Valley Energy Sharing Trial in Fremantle, Western Australia denotes 80 houses participating a microgrid program for solar energy usage. The platform applies the peer to peer electricity sharing which accounts for approximately 70% energy consumption. Aside from Origin’s private trials, Power Ledger has also partnered with India-based Tech Mahindra- Microgrid-as-a-Service (MaaS).

Having started the first week of the new year 2018 to January 4, 2018’s breakthrough trading record for POWR of $1.50-$ 2.00 hence shows its significant performance in the market. The stirring success of Power Ledger demonstrates the stellar team led by co-founder Dr Jemma Green PhD also known as the newest Perth’s Deputy Lord Mayor, and Mr David Martin, Managing Director with over 20 years of experience in the energy industry.

With the budding myth of crypto projects tagged without working products, Power Ledger remarkably stands out with its number one commodity via its innovative energy sharing. Along with extensive public and private trials, advancement in marketing arena is well underway to Europe through a partnership with Liechtenstein Institute for Strategic Development as the very first European Application Host by introducing Power Ledger for a low-cost energy campaign by 2019.

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