Nauticus Exchange is proud to announce it will be the first Australian cryptocurrency and fiat exchange to list the Power Ledger token (POWR).

The listing partnership was finalized this week.

Power Ledger is a blockchain-based peer-to-peer energy trading platform. It enables consumers and businesses to sell their surplus solar power to their neighbours — without an electricity company taking a cut.

The West Australian company raised $34 million through its ICO last October and just unveiled the first commercial deployment of its platform in the Eastern suburbs of Melbourne.

The company is also rolling the platform out in Fremantle and has announced a partnership with Helpanswers to deploy the platform across hundreds of sites in North America.

“We have been huge supporters of the Power Ledger concept from the very beginning. It’s a very clever way to share the benefits of renewable energy,” says COO Jonathan Chang. “Renewable energy has long been a passion of ours. We intend to run our forthcoming blockchain mine entirely on green energy.”

Nauticus is in the middle of its ICO and has raised almost $11 million so far.

Nauticus Exchange will offer 100 crypto and six fiat currencies when it launches in the middle of the year.