Power Ledger announced a partnership with Helpanswers, which will be focus on hundreds of potential projects in US renewable energy markets. Australia based energy startup Power Ledger develops a platform for peer-to-peer energy trading. US based Helpanswers is a non-profit organization, facilitating adoption of smart grid and advanced smart energy systems to improve the efficiency and resilience of buildings, businesses and communities across North America.
The projects will be allocated in many areas including Texas, Chicago, Washington region, New York, California and New England. In terms of power, the projects will cover over 50 megawatts of solar power production and over 50 megawatt hours of battery energy storage.
Initially, Power Ledger and Helpanswers intend to focus on energy-intensive projects like schools, low-income housing, and wastewater and cement plants. Also the Power Ledger platform will be used in electric car charging networks. The platform will track generation and consumption of electricity for all trading participants with compliant meters and autonomously settle energy trades on pre-determined terms and conditions.
“We are very excited to bring the tried and tested Power Ledger platform to North America with our technical assistance and customer care”, said Helpanswers founder Mark Johnson.
“We’re thrilled to partner with Helpanswers to grow our technology and platform footprint in North America and bring Power Ledger a step closer to our goal of democratizing power,” said Power Ledger MD David Martin. “Power Ledger is focussed on creating the right economic and investment platform for consumer-owned, low-cost, low-carbon energy systems to transform the electricity industry.”