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Power Ledger co-founder & chair Jemma Green.

Power Ledger in NZ deal

Perth-based start up Power Ledger has secured its first commercial deal for usage of its blockchain electricity tracking technology, with New Zealand network operator Vector.

The company, which is backed by local blockchain player Ledger Assets, is using the same technology underpinning bitcoins to follow point-to-point energy movements across grids, with a virtual trial to soon be under way at a lifestyle village in Busselton.

It is intended to enable owners of commercial solar panels and other distributed generation assets to put their excess production into the network and track usage.

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