Power Ledger, the technology behind Bitcoin, has launched Ecochain – technology for trading renewable energy. Always wanted to save the planet, but weren’t sure if shelling out for solar panels was worth it? Now you can sell your excess renewable energy, and the panels will pay for themselves.
In the US you can already buy and sell electricity through a community electricity market called, Transactivgrid. But Power Ledger cuts out the middleman, allowing you to buy renewable energy at a more wallet-friendly price.
As Co-founder Jemma Green explains, “Presently, if you’ve got surplus solar electricity you sell it back for a low feed-in tariff and buy it back (from the grid) for a high rate. Using Power Ledger, you can sell it to your neighbour at somewhere between the two”.