Power Ledger’s software operates across 3 key markets, namely:
- Energy Trading
The energy trading software can be used to buy/sell electricity in real-time. If a user has solar panels on their rooftops, the user can use the platform to sell excess energy to their neighbors. In addition to that, with battery storage, the user can store energy and sell it at the peak to maximize their profits from the solar power they generate. Similar to trading shares on a stock exchange, a user can set “buy and sell” prices so that they can trade the energy at their preferred price.
- Environmental Commodities Trading
Power Ledger technology can be used to make the trading of environmental commodities and renewable energy credits more transparent, secure, and efficient.
The market for trading environmental commodities is evolving at an exponential rate and there is mounting pressure to ensure credits are not double-counted or misappropriated.
A user can use Power Ledger’s proprietary blockchain technology to track energy from renewable sources to offset emissions as well as tracking the multitude of transactions relating to environmental commodities and renewable energy credits.
- Renewable Asset Ownership
They have developed an asset ownership model that will activate more renewable energy assets so they can boost the portion of green energy available for use.
Everyone has a role to play in demanding energy from renewable sources, but as they came to the conclusion that it needs to be an incentive for a major shift to take place. Not every household can afford to install solar panels on their rooftops, and in that case, they have developed another way for people to own a fraction of a renewable energy asset.
Interested to buy Power Ledger? Check the Market Now: https://www.bitkub.com/market/POW