Power Ledger Deploys Blockchain Energy Trading Platform In Chicago

News | May 4, 2018 By:

Australian energy startup Power Ledger has announced its first commercial deployment in the US.

Power Ledger provides a series of blockchain energy applications, such as its P2P energy trading application that allows businesses, such as utilities, to host trading on the platform. The company enables the sale of surplus renewable energy generated at residential and commercial developments (including multi-unit/multi-tenanted) connected to existing electricity distribution networks, or within micro-grids.

As part of Power Ledger’s partnership with Clean Energy Blockchain Network, the company’s energy trading platform has been deployed at the Northwestern University Evanston campus. The platform will enable the university to trade clean energy both on-campus and between campuses with no additional hardware, software, or subscription fees, by using pre existing meters.

Initially, the commercial, utility-grade deployment will run across four buildings curated by the university’s Master of Engineering Management Program, with plans for implementation to kick-off in the coming months. After this, Power Ledger will expand the energy trading platform across the rest of the campus, and eventually to other campuses, museums, and laboratories.

Students in the university’s Master of Engineering Management Program will provide ongoing monthly measurement and verification. The students will leverage their experience in engineering and science backgrounds to critically evaluate clean energy blockchain applications and use cases with prominent hosts throughout Chicagoland.

“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 said. “We’re excited to demonstrate how the platform can assist with cutting both costs and carbon with a secure, clean energy source.”

“We’re looking forward to synergizing participating graduate schools together to create opportunities on the energy smart grid sector using the Power Ledger cryptographic platform,” said Mark Werwath, Clinical Associate Professor, Director of Master of Engineering Management Program and Co-Director of Farley Center for Entrepreneurship and Innovation.