What is Powerledger?

Powerledger is a technology company founded in 2016 and headquartered in Zug, Switzerland. It develops a blockchain-based platform for tracking and trading energy, flexibility services, and environmental commodities across a distributed energy market. The company operates in more than 10 countries and uses two blockchain layers: POWR is issued on Ethereum as an ERC-20 token, and the Powerledger blockchain is described as a native Solana-based network for processing energy transactions.

The POWR token is described as a license required for businesses such as utilities, renewable energy operators, microgrids, and other organizations accessing Powerledger’s platform. The token is intended to be used to pay for transactions on the Powerledger blockchain in the future. Powerledger’s software is also described as being used by utilities and large corporations to track, trace, and trade energy to support grid stability.