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22 April 2021

Blockchain-based renewable energy marketplaces gain traction in 2021

Blockchain-based renewable energy marketplaces gain traction in 2021


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While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through a flexible marketplace that connects energy buyers and sellers.

The Power Ledger platform was established in May 2016 with the goal of creating an operating system for new energy markets that is capable of trading renewable energy and environmental commodities on a local and global scale.

Trading activity for POWR began to pick up at the end of January as discussions about renewable energy began to gain traction in the media.

WePower is a blockchain-based green energy trading platform that connects “energy suppliers, corporate buyers and energy producers for easy, direct green energy transactions.”.

Increased global attention on climate and energy production-related issues suggests that this niche slice of the crypto sector is ripe for further gains

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