Powerledger commits to UN-Energy, Google’s Energy Compact

Blockchain image depicting digitally connected industrial area (Powerledger Google)
Image: Shutterstock

Australian energy trading technology company Powerledger has committed to the 24/7 Carbon-free Energy Compact, initiated by Google and in partnership with Sustainable Energy for All and UN-Energy.

The compact lays out a set of principles and actions that actors can take to adopt, enable, and advance 24/7 Carbon-free Energy, focusing on hourly decarbonisation of local and regional electricity grids.

“Powerledger is delighted to be a founding signatory of this initiative alongside Google and others including Iron Mountain, the city of New York and the Government of Iceland,” Powerledger CEO Dr Jemma Green said.

A carbon-free electricity sector is the foundation for creating a net-zero emissions global economy. Electricity generates 25 per cent of the world’s greenhouse gas emissions, and is key to decarbonising other sectors of the economy, including buildings, transport, and industry.

Related article: Queensland joins Zero Carbon Certification Scheme

“As part of our commitment, Powerledger will work towards expanding peer-to-peer energy trading networks to over three million prosumers by 2030, as well as decarbonising 20 per cent of global cryptocurrency by 2030,” Dr Green said.

Powerledger has more than 30 projects in eleven countries including Europe, Asia Pacific and North America.

Through the compact, Powerledger commits to:

  • 100 per cent 24/7 Carbon Free Energy by 2025.
  • Expand peer-to-peer energy trading networks to over three million prosumers by 2030.
  • Decarbonise 20 per cent of global cryptocurrency by 2030.
  • Help digitisation of 20 per cent of clean energy markets by 2030.
  • Enhance the integrity of 20 per cent of environmental commodity markets by 2030.