Powerledger completes integration with Solana, accelerating the pace of innovation in sustainability

Zug,
Switzerland,
October
13th,
2024,
Chainwire

Powerledger
(POWR)
has
officially
completed
its
integration
with
the
Solana
ecosystem,
accelerating
the
pace
of
innovation
in
the
global
sustainability
markets.
This
move
combines
Solana’s
cutting-edge
blockchain
technology
with
Powerledger’s
proven
energy
and
environmental
commodities
trading
and
energy
tracking
solutions,
setting
the
stage
for
faster,
more
efficient,
and
cost-effective
clean
energy
solutions
worldwide.

On
October
1,
2024,
Powerledger
began
the
deprecation
of
its
own
blockchain,
marking
a
transition
for
the
POWR
token
across
both
Ethereum
and
Solana.
This
dual-chain
approach
unlocks
potential
for
the
tokenisation,
trading,
and
tracking
of
renewable
energy
assets,
including
excess
clean
energy,
renewable
energy
certificates
(RECs)
and
carbon
credits
(CCs),
while
driving
global
environmental
accountability.
Powerledger’s
proprietary
energy
solutions
are
now
transitioned
to
Solana
mainnet. 

“With
our
new
Solana
POWR
token,
we’re
excited
to
leverage
Solana’s
network,
this
allows
for
lower
fees
and
faster
processing,
aligning
with
our
vision
to
make
clean
energy
more
efficient
and
accessible
for
all,”
said
John
Bulich,
Co-founder
&
Director,
Powerledger. 

Solana
POWR:
Speed,
efficiency,
and
sustainability
in
action.

This
integration
enables
Powerledger’s
platform
to
scale
faster,
support
high-volume
energy
and
environmental
commodities
transactions,
and
contribute
to
a
more
efficient
and
decentralised
energy
future
for
global
sustainability
efforts.
This
integration
with
Solana
mainnet
offers, 

• 
  POWR
  token
  availability:
  The
  POWR
  token
  is
  now
  available
  on
  both
  Ethereum
  and
  Solana,
  with
  no
  changes
  to
  the
  total
  token
  supply.
  Token
  swap
  mechanism
  ensures
  that
  for
  every
  POWR
  token
  minted
  on
  Solana,
  an
  equivalent
  amount
  is
  locked
  on
  Ethereum,
  preserving
  the
  integrity
  of
  the
  tokenomics
  and
  preventing
  inflation. 
• 
  Enhanced
  flexibility
  and
  interoperability:
  The
  dual-chain
  approach
  ensures
  that
  POWR
  remains
  accessible
  to
  users
  who
  prefer
  Ethereum,
  while
  also
  leveraging
  Solana’s
  powerful
  infrastructure
  and
  vibrant
  community
  to
  drive
  new
  sustainability
  solutions
  and
  collaboration.
• 
  POWR
  as
  a
  payment
  token:
  POWR
  will
  continue
  to
  serve
  as
  a
  payment
  token
  for
  platform
  services
  across
  both
  Ethereum
  and
  Solana,
  incentivising
  green
  behaviours
  such
  as
  offsetting
  carbon
  emissions
  and
  reducing
  energy
  consumption.
  Powerledger
  also
  completed
  the
  integration
  of
  its
  own
  energy
  platform
  with
  Solana,
  leveraging
  Solana’s
  latest
  tools
  and
  technology. 

Powerledger
(POWR)
is
set
to
play
a
pivotal
role
in
enabling
the
tokenisation
and
trading
of
renewable
energy
assets,
helping
businesses
meet
their
sustainability
goals
while
making
energy
markets
more
transparent
and
accessible
for
all. 

About
Powerledger

Powerledger
is
a
Web3
company
that
creates
pioneering
solutions
that
solve
pressing
energy
challenges,
enabling
access
to
cheaper
and
cleaner
electricity
and
transparent
environmental
trading
marketplace.
Founded
in
2016,
Powerledger
is
known
for
being
Australia’s
first
and
most
successful
ICO.
Powerledger
has
previously
experimented
with
Bitcoin
and
Ethereum
forks
before
transitioning
to
a
hard
fork
on
Solana
last
year.
Now,
headquartered
in
Zug,
Powerledger
is
recognised
as
one
of
the
top
50
companies
in
Crypto
Valley,
Switzerland. 

For
more
information,
please
visit

https://www.powerledger.io/

YouTube:

https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm

Contact

Snehal
Pawar
Powerledger
[email protected]