The Power Ledger platform is an ecosystem that enables interoperability between diverse market management and pricing mechanisms and token systems. It provides a transparent management framework that allows the global energy market to seamlessly connect with the Power Ledger ecosystem, benefiting more consumers. This ecosystem is inclusive and scalable, and various existing or future applications can be accessed, and regulation is also considered, which makes it highly flexible. It allows redefining the relationship between the hosting party of the application (such as power company, retailer, property manager, etc.) and the consumer.

Project Highlights

The most important social foundation for the future development of Power Ledger's entire project vision. This means that the main body of energy production has begun to undergo substantial changes.

This self-sufficient power is cheaper, more reliable and greener, thanks to the proliferation of rooftop solar and distributed energy storage. This also means that the traditional power grid will face competition from distributed power grids in the future, and if it is not innovated in time, the power grid may become obsolete and eliminated. Power Ledger is very smart, and its approach is to design a "decentralized" and "trustless" trading platform for the traditional power network.

The development of distributed energy means that two-way energy flow is possible. Although there are millions of individuals producing energy, there is still not enough motivation to contribute, because there is no good system to realize value exchange. For example, if a family goes on vacation this month, the solar energy at home can generate excess energy every day, but how does this energy enter the overall grid, how to sell it to other people in need, and how to get a fair return? None of these currently have a clear solution. Power Ledger tries to solve this problem: by building a distributed electricity trading network, it encourages more people to produce renewable energy, transfer energy into the network, and get a fair return.

Power Ledger is going to be a network that allows ordinary consumers to sell energy to others, and the transaction can be realized without any third-party intermediary.

This can be compared with Airbnb or Uber. While users produce green energy, they generate surplus energy, and this energy can be shared through Power Ledger's distributed ledger technology to obtain economic returns.

Application scenario

Applications of some possible scenarios include:

1. P2P transaction
Through the P2P transaction application, retailers authorize consumers to conduct electricity transactions between each other or consumers themselves, realizing automatic, intermediary and trustless reconciliation , Settlement, real-time collection and payment. Users can also choose to buy or sell excess energy according to their own needs, such as sources of clean energy, neighbors, etc., all transactions are transparent, low-cost settlement, etc.

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

3. Microgrid/Embedded Network Operator/Strata
This type of application can perform power metering, big data acquisition, fast micro-transactions, and fine-grained grid management.

4. Wholesale electricity settlement
This type of application provides fast, low-cost and transparent scheduling optimization and management, including data collection, reconciliation, and settlement in the wholesale energy market.

5. Autonomous Asset Management
It allows shared ownership of renewable energy assets and supports transactions of asset ownership. It can buy and sell its own electricity, and can also automatically distribute income to predetermined wallet addresses.

6. Distributed market management
This type of application provides optimized metering data, big data aggregation, access to and scheduling of assets, fast transaction settlement, network download balance, demand test response etc. In this way, asset owners can optimize their network asset configuration at any time.

7. Electric vehicles
Mainly real-time metering data, interface with OCPP protocol (opencharge point protocol), collect data, realize user identity confirmation and fast transaction settlement.

8. Power port
It can be automated through platforms such as EV, virtual pipelines, and roadside assistance assets, and can also provide mobile storage and discharge facilities to maintain self-sufficient energy consumption and supply .

9. Carbon emissions trading
Provide smart contracts for carbon emissions traders to ensure digital transactions between organizations, and use blockchain ledger technology to ensure that transactions are credible, transparent, It can be audited, etc., and it is also convenient to provide regulators with proof of the credibility of relevant carbon transactions.

10 Transmission transactions
In transmission network management, the platform can provide real-time measurement data, big data summary, access and dispatch asset rights, fast transaction settlement, network load balancing, response to Stabilized energy, etc.

Related information:

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

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