Evanston, Illinois USA — 2nd May, 2018: As part of Power Ledger’s partnership with Clean Energy Blockchain Network, the team has today announced its first commercial deployment in the United States at Northwestern University Evanston campus.
Power Ledger’s platform enables consumers to buy and sell renewable energy directly between one another, also known as as peer-to-peer (P2P) trading. In order to do this, Power Ledger uses world-leading blockchain technology to create a transparent, auditable and automated record of energy generation and consumption.
The Power Ledger platform will enable Northwestern University to trade clean energy both on-campus and between campuses with no hardware, software or subscription fees, by using pre existing meters.
“Moving beyond trials and into commercial deployment of the Power Ledger energy trading platform in a historical trading market like Chicago is a major opportunity,” Power Ledger Managing Director and Co-Founder, David Martin said.
“We’re excited to demonstrate how the platform can assist with cutting both costs and carbon with a secure, clean energy source.”
Northwestern University’s Master of Engineering Management Program students will provide ongoing monthly measurement and verification, leveraging their experienced engineering and science backgrounds to critically evaluate clean energy blockchain applications and use cases with prominent hosts throughout Chicagoland.
“We’re looking forward to synergizing participating graduate schools together to create opportunities on the energy smart grid sector using the Power Ledger cryptographic platform,” said Mark Werwath, Clinical Associate Professor, Director of Master of Engineering Management Program and Co-Director of Farley Center for Entrepreneurship and Innovation.
Clean Energy Blockchain Network will provide local, hands-on technical assistance led in Chicagoland by Northwestern University graduate Dr. Mike Ashley.
“Power Ledger has the ability to encourage more clean energy assets with faster paybacks via kWh trading and achieving carbon reduction targets,” Dr. Ashley said.
The commercial, utility-grade deployment will initially run across four buildings curated by Northwestern University’s Master of Engineering Management Program with plans for implementation to kick off in the coming months. On-campus P2P trading will be followed by connection to external peers across multi-campus universities, museums, laboratories and more.
About Power Ledger:
Power Ledger is the leading peer-to-peer marketplace for renewable energy. Using blockchain technology, the platform provides a transparent, audit-able and automated market trading and clearing mechanism for residential and commercial businesses to decide who they want to sell their surplus energy to and at what price.
See more at: https://powerledger.io/
About Northwestern University Master of Engineering Management Program (MEM):
Housed within the McCormick School of Engineering at Northwestern University, the Master of Engineering Management (MEM) program is designed for experienced engineering and science professionals who want to develop core management and leadership skills, while staying on the cutting edge of technology. The curriculum combines core management principles of an MBA with comprehensive quantitative and analytical tools, empowering engineers to communicate in the language of business and to move from thinking tactically to thinking strategically. Graduates leave the program prepared for top leadership roles in today’s technologically sophisticated companies.
See more at: http://www.mccormick.northwestern.edu/engineering-management/
CleanEnergyBlockchain are energy professionals who provide local technical assistance for the successful deployment and ongoing operations and maintenance of Power Ledger in North America. For anyone interested in this program, please visit CleanEnergyBlockchain.com or email firstname.lastname@example.org
See more at: https://www.cleanenergyblockchain.com/