PowerLedger - Platform for Energy Industry

New Generation The Power of Power

Vertically-integrated utilities sat in the middle of the system, like benevolent spiders spinning a web out to the last consumer requesting connection: they decided where and when to build generating capacity; they decided how to bridge the distance between generators and loads; they kept the system in balance through the deft application of the levers available to a centralized controlling entity.

While progressive utilities and regulators try to position themselves asconsumer-focused or consumer-centric, the reality is, even the most progressive are only rephrasing a narrative that pushes citizens into categories of consumers.

Clinging to the umbilicus of the power network, consumers are fed a steady diet of price and product. The cost of energy security can be counted in terms of control, certainty and economic independence.

But a global technology revolution has changed the power balance between consumers and centralized power authorities. The booming market inDistributed Energy Resources (DER) like solar photovoltaic systems (PV), batteries, microgrids and embedded networks has movedthe power balance from central authorities to the edges of the grid, to where citizens have control.

And it is not just about controlling the cost of energy consumption, it is a reflection of peoples’ desires that their energy supplies are more sustainable, more socially-responsible, more local, more resilient and more democratic

All that is needed to move the revolution into themainstream is a model for energy trading that takes control out of the hands of central players and puts everyday citizens in charge of a co-created energy future.

A TRUSTLESS TRADING PLATFORM

A trading platform is a network that allows consumers to sell energy to their peers in a trustless environment.

It is a new component of the distributed economy that allows consumers to realize the value of their investment in DER by allowing them to monetize their excess energy in much the same way as Uber and AirBnb allow people to monetize their cars and spare rooms.

And trustless?

A trading platform that requires third-party settlement and reconciliation of millions of transactions between hundreds of thousands of traders across 5- minute trading intervals would be almost impossible to support without a central player taking control of all parties’ data, prescribing fees, requiring trust, proving accuracy and binding the market up in red tape and bureaucracy. But the blockchain is an agreement machine that can facilitate the financial settlement of these transactions, in the same trading intervals in which the energy is produced and consumed, and it can be achieved at a speed not possible using current market settlement technologies.

Blockchain-enabled P2P energy trading will transform energy networks into trading platforms and invoke a transactive economy that moves away from bilateral retail arrangements to multi-lateral trading ecosystems, preserving networks’ relevance to consumers.

What is PowerLedger ?

The Power Ledger Platform is the Ecosystem that enables interoperability between diverse market management/pricing mechanisms and units of electricity (kWh) by way of pre-purchased tokens.

The Power Ledger Platform provides a transparent governance framework that allows the Ecosystem to seamlessly interface with energy markets around the globe, bringing innovation and a wide range of network benefits to consumers.

This approach means the Ecosystem is adaptable and scalable for applications within any existing or future regulatory environment, achieving the dynamic agility required to adapt to any number of regulatory structures. This dynamic agility, allows a redefinition of where Application Hosts (utilities, retailers, property managers, etc.) and customers (users) are positioned in the Ecosystem and who has market power in any transactive arrangement.

PowerLedger Applications

P2P TRADING

This class of Platform Application gives retailers the ability to empower consumers (or in an unregulated environment, the consumers themselves) to simply trade electricity with one another and receive payment in real-time from an automated and trustless reconciliation and settlement system. There are many other immediate benefits such as being able to select a clean energy source, trade with neighbors, receive more money for excess power, benefit from transparency of all your trades on a blockchain and very low-cost settlement costs all leading to lower power bills and improved returns for investments in distributed renewables.

NEO-RETAILER

This class of Platform Application provides Neo-retailers’ with smart demand and supply management, along with almost instantaneous remuneration and payment settlements while managing consumer exposure to the risk of non-supply.

MICROGRID/EMBEDDED NETWORK OPERATOR/STRATA

This type of Platform Application enables electricity metering, big data acquisition, rapid micro transactions and grid management at an unprecedented granular scale. Trading in embedded networks breaks the nexus between generation ownership and energy consumption meaning value can be derived from an investment in DER even if the investor is absent or doesn’t consume all the energy they generate.

WHOLESALE MARKET SETTLEMENT

This Platform Application class offers rapid low-cost and transparent dispatch optimization and management, data aggregation, reconciliation and settlement for wholesale energy marketplaces.

AUTONOMOUS ASSET (AA) MANAGMENT

This current Platform Application allows for (1) shared ownership of renewable energy assets and (2) trading renewable asset ownership. The AA is able to buy and sell its own electricity and distribute its income to assigned wallet addresses.

DISTRIBUTED MARKET MANAGEMENT

This Platform Application provides optimized metering data, the collection of big data, right to access and dispatch of assets, rapid transaction settlement, network load balancing, frequency management, demand side response and demand side and load management. The optimization of network assets is made viable by the near real-time remuneration of asset owners.

ELECTRIC VEHICLES

This class of Platform Application facilitates real time metering data (interfacing with the Open Charge Point Protocol (OCPP)), collection of data, user identification and rapid transaction settlement.

POWER PORT

A class of Platform Application whereby virtual pipeline and roadside assistance type assets may be automated via the platform, such as EVs, and can provide a mobile storage discharge facility maintaining energy supplies to predominantly self-sufficient energy consumers.

CARBON TRADING

This Platform Application class offers smart contracts for carbon traders to assure digital transactions across organizations; credibility of asset using immutable distributed ledger technology; and transparency and auditability. It supports reporting and surrendering of carbon credits or certificates to regulatory authorities.

TRANSMISSION EXCHANGE

In the management of transmission networks, the Platform can provide real time metering data, collection of big data, right to access and dispatch assets, rapid transaction settlement, network load balancing, responding to non-stationary energy.

Layer PowerLedger

ECOCHAIN SERVICES - CONSORTIUM BLOCKCHAIN

Power Ledger’s industry specific Consortium blockchain.

Currently Power Ledger uses the EcoChain™ (EcoChain) blockchain, a private Proof of Stake (PoS), low-power blockchain developed in-house and live tested in the energy markets during trials in 2016 and 2017. EcoChain has been stress-tested in high-load environments and has provided valuable insights into blockchain functionality and compatibility, with energy data collection and

settlement.

Power Ledger successfully developed EcoChain, in September 2016, its own private Proof-of-Stake blockchain for use in the power industry. It was deployed in Western Australia, and internationally in New Zealand, and is currently in use in a number of other existing trials.

POWR TOKEN

The POWR token will serve as the fuel of the Power Ledger Ecosystem. POWR tokens help to facilitate low cost and better returns on electricity. They interact with the Ecosystem through:

• Providing governance and consumer protection through Smart Bond
• technology.
• Facilitating access to use the Platform.
• Providing loyalty rewards to Participants.
• Contributing and connecting with renewable energy charities and organizations.
• Providing access priority to Asset Germination Events and benefits from an asset’s ‘POWR’ generation.

Details Information :

Website : https://tge.powerledger.io/

Whitepaper : here

Facebook : https://www.facebook.com/powerledger

Twitter : https://twitter.com/PowerLedger_io

Telegram : https://t.me/joinchat/Gop-90DIMiPF7N_EtvFzjA

"Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=795655"