Powerledger Accelerates Innovation in Sustainability Markets through Integration with Solana

Revolutionizing Clean Energy Solutions

Powerledger (POWR) has officially completed its integration with the Solana ecosystem, ushering in a new era of innovation in global sustainability markets. This strategic move combines Solana’s cutting-edge blockchain technology with Powerledger’s established energy and environmental commodities trading and energy tracking solutions, paving the way for faster, more efficient, and cost-effective clean energy solutions worldwide.

Transition to Solana Mainnet

On October 1, 2024, Powerledger initiated the deprecation of its own blockchain, signaling a major shift for the POWR token across both Ethereum and Solana. This dual-chain approach opens up exciting opportunities for the tokenization, trading, and tracking of renewable energy assets such as excess clean energy, renewable energy certificates (RECs), and carbon credits (CCs), while promoting global environmental accountability. Powerledger’s proprietary energy solutions have now seamlessly transitioned to the Solana mainnet.

Quote from John Bulich, Co-founder & Director, Powerledger:

"With our new Solana POWR token, we’re excited to leverage Solana’s network, enabling lower fees and faster processing, in line with our vision to make clean energy more efficient and accessible for all."

Key Benefits of Solana Integration

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

• POWR Token Availability: The POWR token is now accessible on both Ethereum and Solana without any changes to the total token supply. A token swap mechanism ensures the preservation of tokenomics integrity and prevents inflation.
• Enhanced Flexibility and Interoperability: The dual-chain approach ensures that POWR remains available to users who prefer Ethereum while leveraging Solana’s robust 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, incentivizing green behaviors such as offsetting carbon emissions and reducing energy consumption. Powerledger has also successfully integrated its energy platform with Solana, leveraging the latest tools and technology.
  

  Powerledger’s Role in Sustainable Energy Markets
  

  Powerledger (POWR) is poised to play a pivotal role in enabling the tokenization and trading of renewable energy assets, assisting businesses in meeting their sustainability objectives while enhancing transparency and accessibility in energy markets for all.

  About Powerledger
  

  Powerledger is a leading Web3 company that develops innovative solutions to address critical energy challenges, facilitating access to affordable and clean electricity and a transparent environmental trading marketplace. Founded in 2016, Powerledger made history as Australia’s first and most successful ICO. After experimenting with Ethereum forks, the company transitioned to a hard fork on Solana in the previous year. Now headquartered in Zug, Switzerland, Powerledger is recognized as one of the top 50 companies in Crypto Valley.

  For more information, visit the official Powerledger website or contact Snehal Pawar at pr@powerledger.io.

  This groundbreaking integration between Powerledger and Solana represents a significant step forward in the realm of clean energy solutions and sustainable finance. By leveraging Solana’s advanced blockchain technology, Powerledger is poised to drive innovation, efficiency, and accessibility in global sustainability markets, empowering individuals and businesses to make a positive impact on the environment while reaping the benefits of renewable energy solutions.