
Power Synch
PowerSynch is a digital platform developed by American PowerNet, the first independent company to be granted a power marketer license by the Federal Energy Regulatory Commission (FERC). It specializes in providing direct access to wholesale electricity markets for commercial and industrial clients.
The PowerSynch platform functions as a marketplace for sustainable energy, connecting large-scale buyers directly with renewable energy generators. Its primary service is to facilitate transparent and efficient online transactions for wholesale power, bundled with Renewable Energy Credits (RECs). The platform enables buyers to competitively bid for wholesale blocks of power, offering flexible, short-duration Power Purchase Agreements (PPAs). For sellers, PowerSynch provides a streamlined process to offer their renewable energy to a larger market with the assurance of payment upon delivery. The platform manages the physical delivery of power and provides audit-ready data for environmental reporting.
PowerSynch leverages the Hedera network to ensure the transparency and verifiability of its transactions. The use of Hedera is intended to increase trust in the renewable energy market, prevent double-counting of RECs, and provide a secure, auditable trail for all transactions.
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