Review on Power Ledger by Kenan Chalabi

In the past century or so, the electricity market has remained relatively unchanged. It is characterized by large power plants, usually coal and natural gas, which provide electricity to people’s homes through the transmission and distribution network (grid).

In the past 15 years, as citizens and businesses have installed solar panels on the roofs of their homes and office buildings, a new paradigm has begun to emerge. Recently, battery storage has been installed in homes and businesses, as well as in large solar and wind farms.

technology can help facilitate power transmission through virtual power plants to stabilize the grid that has historically suffered from price fluctuations and caused major market problems. Excess solar energy on rooftops can be stored in batteries, and the market mechanism promoted by Power Ledger technology can help the grid provide low-cost, clean and robust electricity.

These energy technologies, along with the blockchain connections that bring communities together, provide a certain degree of empowerment as a civic public utility, likely to fuel the next wave of innovation and democratize power.

There are many factors that drive the democratization of power. For some people, this is to get better prices for electricity, while for others, they are concerned about air quality and the electrification potential of urban transport.

Jemma believes that, in general, people are very concerned about electricity and have matured in their understanding of the market and market expectations. Introduction to

Power Ledger

Power Ledger is a technology company that uses blockchain to facilitate the trading of electricity and environmentally friendly products. His vision is to lead the global democratization of the energy movement. Let people get energy, participate directly in the energy market, and improve their lives and the lives of others. Power Ledger hopes to be recognized as one of the main contributors to the transformation and sustainable development of the global energy market, and to have a positive impact on the lives of 1 billion people. This is the ambition of Power Ledger. It makes children want to get up every morning and do what they want to do.

Power Ledger's Uber / AirBnB

blockchain allows buyers and sellers to trade directly without an intermediary. In terms of electricity, households with rooftop solar panels can sell surplus electricity to neighbors, just as Uber and AirBnb allow people to monetize cars and spare rooms.

Power Ledger cooperates with electricity retailers to provide their trading platform, making it easier for retailers' customers to exchange electricity with each other. Blockchain provides a true source for all parties to support the sale and payment of electricity.

For example, two retailers on the blockchain can conduct transactions with their customers. Customers who use batteries to store electricity can sell it to their own retailers or other retailers on the network.

Blockchain technology can track and verify energy used to audit it in terms of environmental commodity transactions such as renewable energy and certificate transactions. Additionally, the blockchain can perform all physical and financial transactions in one block, reducing counterparty settlement risks and eliminating the need for brokers who can improve profitability.

Smart contracts can facilitate more complex transactions between multiple parties in the energy ecosystem (such as virtual power plants). You can also optimize the market to extract maximum value from all available revenue streams from virtual power plants.

Virtual Power Plant

A virtual power plan is a place where businesses or households install batteries to store surplus energy from solar power and hope to deliver the battery power to market when demand increases.

They can also provide so-called auxiliary services to the market, such as the provision of frequency services and other control services. They can be sold on the spot market to add more supply during peak hours and provide network support services to network operators.

Basically, a customer who owns a battery can register with one of Power Ledger's partner retailers and use the platform to access the battery for this purpose. All batteries on the grid are collectively called virtual power plants. Together, they can reach the same size as an ordinary power plant.

When utilities and customers want to access the Power Ledger platform, they must pay security deposits in the form of Power Tokens (POWR). These tokens can also be independently traded on eligible exchanges as off-platform digital assets. Sparkz is a stable exchangeable energy trading token that can be used when buying and selling kWh and other energy units on the Power Ledger platform. These tokens will automatically be converted into local legal tender sparks for energy trading. Once the power transaction is settled, Sparks will automatically convert back to the customer's selected currency. For example, a star in Australia is a point, or a star in Thailand is a baht.

Incentives for Sustainable Results

Jemma noted that in the past, sustainability did not always make economic sense. She believes that making money now and providing sustainable results can be closely related. However, it depends on how the market is established, and the incentives created through products and services can support it. The

Power Ledger platform provides a market mechanism that encourages people to install battery systems that can stabilize the grid and maintain a connection to the grid. In the past, consumers installed batteries for self-sufficiency and to reduce dependence on the grid. The drop in the price of solar panels and batteries makes sense to use them without government subsidies.

Connecting to the Power Ledger platform enables consumers to transact and generate new revenue streams.

So, my opinion is that the company has a good aim and they work to fullfill it in right way.