Power Ledger

Australian solar startup Power Ledger has partnered with retail energy giant Origin to begin a trial based on Power Ledger’s blockchain-based peer-to-peer energy marketplace.

Power Ledger–the first Australian startup to launch an initial coin offering (ICO)–raised $17 million AUD ($13.4 million USD) during its presale and expects to surpass $30 million by the end of the public ICO.

The company is developing a P2P energy marketplace that enables users to buy and sell surplus solar energy. Based on the results of a recently-completed trial, Power Ledger believes its service will save households about $475 per year.