Power Ledger, a decentralized energy trading platform, recently announced the deployment of its peer-to-peer (P2P) renewable energy trading platform at licensed retail electric provider American PowerNet’s headquartersin Wyomissing, Penn.
American PowerNet’s headquarters will use Power Ledger’s xGrid platform to trade35kW of solar power – garnered from both its office roof and carport – with neighbors connected in its office park to optimize clean energy for both carbon reductions and decreased electricity costs. The deployment furthers Power Ledger’s goal of enabling a decentralized energy structure that allows regular people to actively participate in the growth of the industry and be accountable for the impact of energy on the environment.
The xGrid deployment is the latest US project from Power Ledger and marks the introduction of its P2P energy trading technology into the Pennsylvania-New Jersey-Maryland Interconnection (PJM), the largest US wholesale electricity market. The deal was made through Power Ledger’s partnership with Clean Energy Blockchain Network (CEBN), who will provide local, hands-on technical assistance with the deployment. Past projects from this partnership include deployments with Silicon Valley Power in Santa Clara, Calif., and Northwestern University in Chicago.
American PowerNet plans to commence the deployment this month under the existing deregulation rules with the cooperation of the local utility PPL, utilizing their existing distribution system and connecting the solar assets by utilizing platform data from pre-existing meters without the need for additional hardware, software or engineering fees.
This American PowerNet deployment comes on the heels of Power Ledger’s recent announcement around its Asset Germination Event (AGE) token,a blockchain-based token that is designed to open up the renewable energy market to retail investors. The AGE token will also open new sources of capital for energy projects and uses blockchain technology to maintain a secure asset and income register, with a view toward developing renewable energy infrastructure across the world.