Power Ledger is moving into the French power market with a partnership that enables the tracking and certification of green energy supplies on the blockchain.
On April 1, the Australia-based blockchain startup announced a deal with French green energy retailer ekWateur that will enable French households to have greater control of, and customize, their energy mix for the first time.
Utilizing a new blockchain-powered project known as Vision and leveraging Power Ledger's own Ethereum-based ERC-20 POWR tokens, users will be able to track and certify where the energy that powers their homes is coming from.
"This ... marks a world-first in energy trading, with customers able to select their energy mix, knowing it’s certified via an immutable blockchain platform,” said Power Ledger executive chairman Dr. Jemma Green in a company blog announcement.
"Whether consumers want to source energy from their neighbor’s solar rooftop panels or a wind farm in Bordeaux, our platform gives consumers choice and control over their energy source,” Green added.
Also planned for a second stage of the project is the ability for users to buy and sell excess renewable energy through peer-to-peer trading.
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The planned rollout will support the certification and verification of 100 percent of renewable electricity in an effort to capture changing global trends for energy supply. The news comes at a time when green energy endeavors are being explored in earnest throughout Europe.
EkWateur, which sells electricity from a mix of wind, solar and hydroelectricity projects and currently serves more than 220,000 customers across France, will provide users access to the blockchain-powered project which is planned to go live by the end of 2020.