Power Ledger, an Australian startup, has planned to start selling small portions of a large solar farm and a grid-connected battery project via cryptocurrency tokens.

The product, Asset Germination, intends to increase production and usage of renewable energy. This will help investors earn easy returns with the sale of electricity. Moreover, the system will be more transparent and robust due to its underlying blockchain technology.

Co-Founder and Chairman of the company, Jemma Green has claimed that the initiative will encourage small players to invest in large scale energy assets. She hopes that the project will play a decisive role in meeting the Paris climate goals.