Blockchain energy solutions provider Power Ledger has been named the winner of Sir Richard Branson’s 2018 Extreme Tech Challenge (XTC).
Western Australian-based Power Ledger develops blockchain energy solutions with the aim of providing access to electricity that is low-cost, reliable and renewable via peer-to-peer trading between households, as opposed to conventional power providers.
Power Ledger was announced as one of the finalists of the international competition earlier this year, along with smart action camera company Revl, and infant health platform Owlet.
Over the weekend the three finalists attended an awards ceremony held on Sir Richard Branson’s Necker Island in the Caribbean, where Power Ledger was announced as the winner.
As a result of placing first, Power Ledger will now reportedly have access to networking and mentoring from investors, big-time innovators (such as IBM and Amazon) as well as high-profile entrepreneurs, including Sir Richard Branson himself.
Power Ledger took to Medium to announce its win.
“This experience has already been one that money can’t buy, and team Power Ledger is ready to take this important milestone, pair it with hard work and dedication, and deliver on our goal of democratising power,” it wrote.
“…we believe all of the finalists have ideas that can, and will, change the world in their respective fields.”