Energy company Powerledger enters Solana ecosystem

BlockBeats news, on September 21, Australian energy technology company Powerledger announced its entry into the Solana ecosystem, claiming that it shares common values with the blockchain network amid growing interest in regenerative finance (ReFi). The integration aims to increase "clean energy and sustainability narratives within the blockchain space."

Powerledger will integrate its products with the Solana mainnet and stop operating its own Solana Virtual Machine (SVM) blockchain. Powerledger said, "At the core of Powerledger and Solana is a shared vision of innovation, sustainability, and transparency—values that become increasingly important as the world shifts toward ReFi (regenerative finance) and sustainability."

ReFi aims to create an economic system that goes beyond generating financial returns and focuses on restoring and improving social, environmental, and economic well-being. According to CoinGecko, as of the time of publication, ReFi's total market value is $110.57 million.