Power Ledger, in a blog post today announced a partnership with Silicon Valley Power (SVP), the City of Santa Clara as part of its partnership with Clean Energy Blockchain Network (CEBN).
Power Ledger is the leading peer-to-peer marketplace for renewable energy. They use world-leading blockchain technology to create a transparent, auditable and automated record of energy generation, storage, and consumption.
ANNOUNCEMENT: We are excited to share Power Ledger's breakthrough carbon credit project alongside Silicon Valley Power and our U.S. partners CEBN. https://t.co/REmhDrrBYp
— Power Ledger (@PowerLedger_io) June 19, 2018
The platform will utilize API data from pre-existing meters without the need for additional hardware, software or engineering fees in-order to connect PV and the SVP electric power grid.
Through this ground-breaking partnership, they aim to link renewable energy production and storage with the community-based charging of electric vehicles. Two of the principal goals of this project is to:
- Track and manage the production and consumption of low-carbon energy from Santa Clara solar and batteries, through one of the largest public multi-storey electric vehicle charging facilities in California.
- Digitize Low Carbon Fuel Standard (LCFS) management system transactions to support the tracking of low-carbon electricity as a fuel path and achieve the goal of cutting time and cost in processing LCFS credits.
Clean Energy Blockchain Network is energy professionals who provide local technical assistance for the successful deployment and ongoing operations and maintenance of Power Ledger in North America. They will provide local, hands-on technical assistance led by Rick Kubin.
When asked about the new collaboration, Kubin said:
“Silicon Valley Power’s proactive approach and knowledge-exchange with Power Ledger and other key stakeholders will demonstrate the ability to track low carbon intensity energy from source to storage, to end user, providing clear benefit to all parties and encouraging more clean energy assets with faster paybacks, which will assist in meeting carbon-reduction targets.”
Silicon Valley Power (SVP) is the trademark adopted for use by the not-for-profit electric municipal utility of Santa Clara, CA, serving residents and businesses for over 120 years. SVP provides power to nearly 55,000 customers, including Intel, Oracle, Levi’s Stadium, Owens Corning, Marvell Semiconductor and NVIDIA at rates 22 to 48 percent below neighboring communities.