At Powerledger, we recognize that if nothing changes in the way we operate our grid, and as renewable energy generation grows, we will continue to see issues for grid stability, leading to wasted energy and increased costs.
To address this issue, Powerledger has developed a blockchain-enabled software for peer-to-peer trading of renewable energy within local energy communities. The technology matches the time and place of energy generation to the time and place energy is required. The system reduces the cost of energy, encourages the growth of renewable energy, and reduces the need for fossil fuel-based energy.
Hear directly from Dr. Jemma Green, the co-founder and Executive Chairman of Powerledger, as she shares more about the company's mission and technology in this episode of Tech Talks Daily by Neil Hughes:
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