The Power Ledger platform is an ecosystem that enables interoperability between diverse market management and pricing mechanisms and token systems. It provides a transparent governance framework that allows global energy markets to seamlessly connect with the Power Ledger ecosystem, benefiting more consumers. This ecosystem is inclusive and scalable, allowing for the integration of existing or future applications, while also considering regulatory aspects, which gives it high flexibility. It allows for the redefinition of relationships between application custodians (such as power companies, retailers, property managers, etc.) and consumers.

Project Highlights

The entire vision of the Power Ledger project rests on a crucial social foundation for its future development. This means there is a substantial change in the entities producing energy. With the surge of rooftop solar and distributed energy storage, these self-sufficient sources of electricity are cheaper, more reliable, and greener. This also means that traditional grids will face competition from distributed grids, which could lead to their obsolescence if they do not innovate promptly. Power Ledger has taken a smart approach by designing a "decentralized" and "trustless" trading platform for conventional power networks.

The development of distributed energy makes bidirectional energy flow possible. While millions of individuals produce energy, there is currently insufficient incentive for them to contribute because there is no robust system in place for value exchange. For example, a household may go on vacation and generate excess energy from their solar panels daily, but how does this energy enter the overall grid, how can it be sold to others who need it, and how can fair compensation be ensured? There are currently no clear solutions for these issues. Power Ledger aims to solve this problem by building a distributed power trading network that encourages more people to produce renewable energy, feed it into the network, and receive fair compensation.

Power Ledger seeks to create a network where ordinary consumers can sell energy to others without the need for any third-party intermediaries. This can be compared to Airbnb or Uber, where users produce green energy and have surplus energy that can be shared and monetized through Power Ledgers distributed ledger technology.

Use Cases

Possible applications include:

1. P2P Trading
Through P2P trading applications, retailers authorize consumers to conduct peer-to-peer electricity transactions or enable direct consumer-to-consumer transactions, achieving automation, trustless reconciliation, settlement, and real-time payments without intermediaries. Users can choose to buy or sell excess energy based on their preferences, such as the source of clean energy or neighbors, with all transactions being transparent and low-cost settlements.

2. NEO Retailer
This type of application provides smart demand and supply management, real-time settlement and payment systems for NEO retailers.

3. Microgrid / Embedded Network Operators / Strata
These applications handle electricity metering, data acquisition, rapid microtransactions, and fine-grained grid management.

4. Wholesale Electricity Settlement
These applications provide fast, low-cost, transparent scheduling optimization and management, including data aggregation, reconciliation, and settlement in wholesale energy markets.

5. Autonomous Asset Management
It allows for shared ownership of renewable energy assets and supports trading of asset ownership. It enables the purchase and sale of self-generated electricity and automatic distribution of income to predefined wallet addresses.

6. Distributed Market Management
This type of application provides optimized meter data, big data aggregation, access and scheduling rights for assets, rapid transaction settlements, network load balancing, and demand response. This allows asset owners to optimize their network assets at any time.

7. Electric Vehicles
Primarily involves real-time meter data, interfacing with the OCPP (Open Charge Point Protocol), collecting data, user identification, and rapid transaction settlements.

8. Power Ports
Through the platform, assets like EVs, virtual pipelines, and roadside assistance types can be automated, and mobile storage discharge facilities can be provided to maintain self-sufficient energy consumption and supply.

9. Carbon Trading
Provides smart contracts for carbon traders, ensuring digital transactions between organizations using blockchain ledger technology to ensure transactions are trustworthy, transparent, and auditable, facilitating the provision of credible documentation to regulators regarding carbon trades.

10. Transmission Transactions
In transmission network management, the platform can provide real-time meter data, big data aggregation, access and scheduling rights for assets, rapid transaction settlements, network load balancing, and response to unstable energy sources.

Related Materials:

https://www.jianshu.com/p/6394724ebb5d

https://www.jianshu.com/p/d72131a68576