Powerledger (POWR), launched in 2016, is a blockchain-based platform focused on decentralized energy markets, enabling peer-to-peer (P2P) trading, tracking, and tracing of renewable energy and environmental commodities. Headquartered in Zug, Switzerland, Powerledger uses blockchain to democratize energy access, allowing consumers to buy, sell, and manage surplus energy from sources like solar panels. Its native token, POWR, is an ERC-20 token on Ethereum.

Key Features

  • P2P Energy Trading: Facilitates direct energy trading between producers and consumers, with projects like a 1,000+ participant initiative in India.
  • Dual Blockchain: Operates on Ethereum for POWR tokens and a Solana-based blockchain for scalable energy transactions.
  • Traceability: Tracks renewable energy usage (e.g., solar, wind) and environmental credits, ensuring transparency.
  • Ecosystem: Available on 115+ exchanges (e.g., Binance, Coinbase) and integrated with wallets like MetaMask and Ledger.

POWR Token

  • Purpose: Acts as a license for businesses (e.g., utilities, microgrids) to access the Powerledger platform and pay for transactions.
  • Supply: ~530M POWR in circulation, with a maximum supply of 1B.
  • Contract Address: On Ethereum, POWR’s contract is 0x595832f8fc6bf59c85c527fec3740a1b7a361269 (addable to MetaMask) CoinGecko CMC.

Who Are the Founders of POWR?

Powerledger was co-founded by Dr. Jemma Green, Executive Chairman, whose doctorate in electricity market disruption inspired the project, and John Bulich, Technical Director and blockchain pioneer from Ledger Assets. Founded in Australia, Powerledger raised ~$26M in a 2017 ICO. The platform operates globally with partners like Energie Steiermark (Austria) and TDED (Thailand).

What Makes POWR Unique?

Powerledger stands out in Web3:

  • Energy Democratization: Enables consumers to control and monetize surplus energy, addressing grid intermittency from renewables.
  • Global Impact: Operates in 10+ countries, with projects like India’s largest P2P trading initiative with Calcutta Electricity Supply Corporation.
  • Scalable Blockchain: Uses a Solana-based chain for high-speed transactions (~50,000 per second), complementing Ethereum’s security.
  • Award-Winning: Recognized by the Renewable Energy Markets Award and as a top 50 Crypto Valley company in 2024.

POWR Network Upgrades (2025)

  • TraceX Forwards (Q1 2025): Introduced price certainty for renewable energy credits (RECs), boosting market access for buyers and generators.
  • Wormhole Integration (February 2025): Enabled cross-chain POWR transfers via Wormhole’s NTT, enhancing interoperability.
  • DePIN Association (April 2025): Became a founding member, advancing decentralized physical infrastructure networks.

How Is POWR Secured?

Powerledger and POWR are secured through:

  • Ethereum PoS: Leverages Ethereum’s Proof-of-Stake for POWR token security.
  • Solana-Based Blockchain: Uses Proof-of-Stake for scalable energy transactions, with staking via the Powerledger platform.
  • Smart Contract Audits: Regular audits (e.g., by CertiK) ensure contract integrity.
  • Decentralized Governance: Community-driven decisions with no centralized control.

Conclusion

Powerledger (POWR) pioneers decentralized energy markets, empowering consumers to trade and track renewable energy. With a 530M circulating supply, and operations in 10+ countries, POWR drives sustainable energy solutions. Its dual-blockchain approach, global partnerships, and recognition as a Crypto Valley leader make it a key player in Web3’s energy sector.