INTRODUCTION
Powering the future of renewable energy with a unique blockchain-enabled platform
Founded in 2016, Australian-born Powerledger develops software solutions for the tracking, tracing and trading of renewable energy. Its unique blockchain-enabled energy trading platform aims to make energy markets more efficient. The business helps people trade energy peer-to-peer, trade environmental commodities, and provide flexibility services to the grid.
Powerledger’s modular platform includes a range of products and services across three main pillars:
- Energy trading and traceability, with products such as xGrid, uGrid and Vision which help track, trace and trade renewable energy so users can stay on top of the provenance and flow of their energy. This gives consumers choice over the energy they’re using and facilitates peer-to-peer trading.
- Flexible trading, with products including MODE Flex and MODE LEM which provide a marketplace that enables Distributed Energy Resource (DER) owners to provide flexibility services to the grid and monetise their assets.
- Environmental commodities trading with TraceX, a digital marketplace to trade environmental commodities such as renewable energy certificates in a more transparent, secure, and efficient way.
With more utilities, renewable energy generators, energy retailers and large corporate organisations with renewable energy targets entering its marketplace, Powerledger has experienced significant growth in the past few years.
It is aiming to have 100 million smart meters on its platform in the next five years, and in the years ahead Powerledger hopes to reach 1 billion users and create markets that remove any obstacles in achieving 24/7 carbon-free energy.
THE CHALLENGE
New thinking required to reach 1 billion users
In the past six years, the company and its customers have collected a massive amount of data, with the platform ingesting about 20 billion records every day.
As the company formulated its plan to on-board 100 million smart meters onto its platform in the next five years, it recognised the need to strengthen its existing tech foundations, and switch to a cloud database service. This would complement its existing software and blockchain technology and would support its ambitious goal.
“We needed to demonstrate our platform’s ability to ingest a much higher volume of data, and cater to the 1 billion users we aim to serve in the future. This meant a complete shift and re-evaluation of the data architecture that is servicing our different products. We needed a level of scalability and flexibility that our previous relational database couldn’t offer”, explained Francesco Pagetti, Solutions Architect at Powerledger.
As a provider of essential services and critical infrastructure, Powerledger cannot afford to have its platform down, even for a few minutes. Furthermore, the company operates in a highly regulated energy markets, which means that the billions of data sets it deals with, need to be secure and meet strict compliance requirements.
Whatever the company did, it was crucial that customers and users had complete trust in its systems. Moving to a new database was a great opportunity but also a daunting challenge. As a first step, Powerledger decided to move to the Google Cloud Platform (GCP) for its cloud infrastructure.
Pagetti said: “Our main priorities - and challenges - were to do a complete data platform migration, as well as add in scalability and flexibility without disrupting the platform or hinder any data security. We also needed to empower our development and engineering teams to be more productive and simplify things, not add more complexity to our architecture.”




