technology: News of Powerledger (POWR) - July 2024 Price Update - 7.60% Breakout Crypto News and Analysis

Professional Author and Crypto Trader

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Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. A combination of both Energy and Decentralized Finance seems to be a very good combo. This has made it possible for them to enable the tracking and trading of energy on the Blockchain. They are currently in operation in more than 10 countries and have their headquarters located in Switzerland. Their token, $POWR, is an ERC-20 token, but they have their blockchain built on Solana.

Trade hard. Joy is coming

Explore the Core.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

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Powerledger and Energie Steiermark launch smartCOMMUNITY energy monitoring and trading platform across Austria. Energy software technology company Powerledger and one of Austria’s leading energy providers, Energie Steiermark collaborated to launch a new energy trading platform called smartCOMMUNITY, which allows users to control the distribution of energy generated from their solar assets. Highlights: Powerledger and Energie Steiermark launch smartCOMMUNITY energy monitoring and trading platform across Austria. smartCOMMUNITY is designed to enable prosumers not only to monitor their energy usage and production, but also to be able to share their surplus with other participants of their choice across Austria through PPAs or using Peer-to-Peer trading. Moreover, prosumers have the opportunity to sell their energy at competitive rates compared to typical feed-in tariffs in Austria.

Explore the Core.

Problem Solved: Traditional Energy Grid Limitations: The current energy grid infrastructure often struggles to integrate and manage renewable energy sources due to their intermittent nature. Additionally, traditional energy trading can be opaque and lack real-time price visibility. Innovative Solutions: Blockchain-based Energy Trading Platform: Powerledger utilizes blockchain technology to create a secure and transparent platform for trading renewable energy. This platform facilitates peer-to-peer energy trading between producers and consumers. Smart Contracts for Automation: Powerledger leverages smart contracts to automate energy transactions based on pre-defined parameters. This eliminates the need for intermediaries and streamlines the trading process. Renewable Energy Certificates (RECs) Tracking: The platform tracks RECs, which represent the environmental attributes of renewable energy, using blockchain technology. This ensures the authenticity and traceability of RECs.

Explore the Core.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

To God be the Glory

Explore the Core.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.