Power Ledger (POWR) partners with a U.S. electricity provider to launch "xGrid" by November
Deploying the “xGrid” Platform in the United States
Australian startup Power Ledger, which issues its own cryptocurrency (POWR) token, provides a blockchain-based solution for renewable and cost-effective energy management. The company is working to build a market where households that generate power can trade with neighbors and fairly recover investments, creating an economy where stable electricity is accessible to anyone at affordable prices.
American PowerNet is an independent electricity provider offering retail and wholesale electricity supply services within the United States. The company will use Power Ledger’s “xGrid” platform to enable trading with neighboring participants who can install solar power from roofs on offices and garages. It will be used to optimize clean energy, reduce carbon emissions, and cut electricity costs.
