After a successful trial of its energy trading technology, Australian blockchain technology company Power Ledger says it is on the cusp of rolling out in North American markets through US electricity supplier American PowerNet (APN). American PowerNet is apparently eyeing the rollout of Power Ledger’s energy trading technology in the North American market following a successful trial which saw the company’s peer-to-peer (P2P) platform trade a total of 43MWh of energy.

Using Power Ledger’s blockchain-enabled xGrid platform , the used solar power generated from the rooftop solar installation atop APN’s headquarters in Wyomissing, Pennsylvania, to trade with two commercial neighbours across the grid. A total of 43MWh worth of electricity was traded on the platform, resulting in a 17% renewable energy mix for the buying participants, who were able to access renewable energy at 5% lower rates compared to grid rates. “Our technology is proving to be compatible with existing large-scale electricity infrastructure like the PJM in the US and the National Electricity Network in Australia,” said Power Ledger co-founder and executive chairman Dr Jemma Green. ‘This places Power Ledger in a powerful position in the market as a network-ready technology.” “We are delighted with the results and will be looking to extend Power Ledger’s technology across our market,” added American PowerNet CEO Scott Helm.

“This trial has demonstrated the value proposition of blockchain technology, and we believe there will be significant interest from market participants.” The successful trial came hot on the heels of an historic ruling by the US Federal Energy Regulatory Commission (FERC) in September, which is set to pave the way for aggregated distributed energy resources to compete alongside traditional power plants and other grid resources in wholesale markets. Next on the cards for Power Ledger’s energy trading platform is a transition to an ongoing […]