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ORIGIN TEAMS WITH PERTH STARTUP POWER LEDGER TO TRIAL PEER-TO-PEER ENERGY TRADING PLATFORM

By Administrator | 26 September 2017

Major energy retailer Origin has entered an agreement with Perth-based energy trading startup Power Ledger to explore the ability for consumers to buy and sell energy to and from their neighbours.   

The agreement will see Power Ledger’s blockchain-powered peer-to-peer energy trading platform undergo a three-month technical trial, commencing next month. Historical and anonymised Origin customer data will be used to validate the accuracy and security of the platform.

The trial comes in the wake of Power Ledger’s $17m capital raise, earlier this month, via a pre-sale initial coin offering (ICO), which saw it sell out 100 million ‘Power ledger POWR tokens’ in three days.

Managing director David Martin, who co-founded Power Ledger with Dr Jemma Green, spoke to Dynamic Business about what the agreement with Origin could mean for energy consumption and investment in Australia and how businesses can take advantage of peer-to-peer trading.

DB: How did the partnership with Origin come about?

Martin: The agreement came about through a series of conversation between Power Ledger and the senior people at origin, who were interested in understanding the potential impacts of distributed generation on the Origin business as well as the potential value proposition of blockchain powered peer-to-peer trading. Read more

James Harkness - Dynamic Business - 21 Sep 2017

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