Powerledger previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year.
Web3 company Powerledger (POWR) has announced its expansion to the Solana mainnet ecosystem to further leverage Powerledger’s expertise in the energy and sustainability software, and to drive Solana to the forefront of Regenerative Finance (ReFi).
Powerledger’s products will integrate with Solana Mainnet, halting Powerledger’s Solana Virtual Machine (SVM) blockchain and expanding its POWR token into the Solana ecosystem as a native SPL token. The transition is due to take place in October 2024.
This next step is to be a key milestone in building on an open and common platform for Powerledger. This expansion onto Solana mainnet supports Powerledger’s mission of democratisation of power for a sustainable future.
The project also announced the commercial deployment of its Powerledger’s peer-to-peer (P2P) energy trading technology with leading energy supplier, Energie Steiermark, in Austria this year.
Additionally, Powerledger’s environmental commodities trading marketplace, TraceX, launched pioneering features which open renewable energy certificate (REC) market access for renewable energy buyers.
The benefits include:
- Faster innovation: Powerledger can broaden its reach for its solutions across major marketplaces, tapping into Solana’s vast and diverse audience and easily leverage any new features and tools from the Solana ecosystem.
- Access to the vibrant Solana community: Expanding onto Solana mainnet enables Powerledger to connect with Solana’s active ReFI and sustainability communities and unlocks new opportunities for collaboration with immediate and positive impact.
- Championing ReFi and sustainability: Powerledger aligns with Solana’s core principles of transparency, continuous improvement, and innovation, reinforcing our shared commitment to a sustainable future.
“At the core of both Solana and Powerledger is a commitment to empowering people. Powerledger’s vision is to enable ordinary citizens to actively participate in the energy transition and make clean energy accessible for everyone. This aligns seamlessly with Solana’s goal of making blockchain accessible to everyone. This shared focus on people and innovation will drive meaningful progress and create new opportunities for all,” says Dr. Jemma Green, Co-founder & Chairman, Powerledger.
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