Power Ledger
Australia-based Power Ledger is using blockchain to create a peer-to-peer solar energy trading network.
The company raised US$26 million from an initial coin offering (ICO) in 2017 to encourage grassroots investors
Because of her work, Insider named Power Ledger cofounder, Jemma Green, to our annual list of the 10 leaders transforming energy in Asia.
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Power Ledger, an Australia-based startup, is combining two innovative technologies – blockchain and solar power – to transform global energy markets and ultimately power the world through renewables. The company s blockchain-enabled technology promotes peer-to-peer (P2P) solar energy trading, allowing consumers to sell their excess electricity to other residential and commercial users. The software is currently in use in a number of countries including Japan, India, the US, and Australia. In 2017, just one year after it was founded, Power Ledger raised roughly US$26 million in one
Drax
Will Gardiner is the CEO and chairperson of Drax, a UK-based energy company with goals to limit its reliance on coal.
Within the last decade, Drax has reduced its carbon emissions by 85% by using sustainable biomass rather than coal in its generating units.
Because of his work, Insider named Gardiner to our annual list of the 10 leaders transforming energy in Europe.
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Delivering a low-carbon future isn t just good business sense: It s vital for the future of the planet. The moves of one firm, Drax, to draw down its reliance on coal-fired power generation in the UK helped propel its CEO and chairperson, Will Gardiner, into our list of 100 People Transforming Business in Europe in 2020.