Power Ledger announces first US deployment
As part of its partnership with the Clean Energy Blockchain Network, Perth-based energy trading firm Power Ledger has announced its first commercial deployment in the United States at Northwestern University, Evanston campus.
Power Ledger’s platform enables consumers to buy and sell renewable energy directly between one another, also known as peer-to- peer (P2P) trading. To achieve this, Power Ledger uses blockchain technology to create a transparent and automated record of energy generation and consumption.
The Power Ledger platform will allow Northwestern University to trade clean energy both on campus and between campuses with no hardware, software or subscription fees, by using pre existing meters.
“Moving beyond trials and into commercial deployment of the Power Ledger energy trading platform in a historical trading market like Chicago is a major opportunity,” Power Ledger managing director and co-founder David Martin says.
“We’re excited to demonstrate how the platform can assist with cutting both costs and carbon with a secure, clean energy source.”
Northwestern University’s Master of Engineering Management students will provide ongoing monthly measurement and verification to critically evaluate clean energy blockchain applications.