Powerledger

Powerledger turns 10 today.

Between 2005 and 2019, U.S. electricity demand grew at 0.1% per year. Utilities planned around it. Regulators priced it. The whole system optimised for predictability.

That assumption is no longer valid.

ERCOT is now forecast to grow at 10% annually through 2027. Potentially 15% if data center demand runs hot.

For context: Large load interconnection requests in Texas jumped 270% in 2025 alone. The projection shows a 79% wholesale price spike at ERCOT if demand runs ahead of forecast by 2027.

This is what we get when the infrastructure layer doesn't keep pace with the demand layer.

The answer lies in the flexibility stack.
> Batteries
> Peer-to-Peer trading
> Demand response.

Energy will be the most defining infrastructure opportunity of this decade.

Introducing Transactive Lite.⚡

A new product that lets utilities, energy communities, and project developers deploy P2P energy trading without the infrastructure overhead and complexity.

P2P energy trading works. We've proven it across global deployments.

But the standard deployment model has a fundamental problem: it requires heavy infrastructure before you've proven any value.

Real-time smart meter feeds. Participant apps. Billing integrations. Dedicated ops teams and a lot more behind the scenes.

Transactive Lite breaks that cycle. Same proven P2P trading logic that powers our platform.

- Batch-based.
- Works with your existing meter data.
- Deploys in days, not months.

Built for speed, clarity, and practicality.

To know more, read the full announcement.

Introducing Transactive Lite: A Faster Path To Peer-to-Peer Energy Trading. Transform energy markets with a faster peer to peer energy trading solution that is clear, practical, and easy to implement.

For more than a decade, software was the cleanest trade in technology. Growth scaled with users. Margins expanded with size. Value accrued to whoever owned the interface.

That story is changing.

In our Co-founder Dr. Jemma Green's latest Forbes article, she explores a shift investors can no longer ignore: AI is no longer just a productivity layer for software. It is becoming a direct substitute for it.

The average large company now uses fewer SaaS tools than it did just a few years ago. Budget growth has slowed. Procurement conversations increasingly start with a different question: Does AI already do this well enough?

When intelligence becomes abundant and near-zero marginal cost:
• Feature moats erode.
• Switching costs fall.
• Interfaces matter less than outcomes.
• And pricing power starts to compress.

Revenue growth alone is no longer enough. The question is durability. Defensibility. Scarcity.

And capital always follows scarcity.

Marc from Andreessen Horowitz recently described this as a return to “hard problems”, not because they are glamorous, but because they are unavoidable.

Software margins compress when intelligence becomes abundant. Physical systems retain pricing power because they are constrained by reality.

Energy. Infrastructure. Chips. Grids. Storage. Supply chains.

You can’t prompt your way to more electrons. You can’t scale compute without power. You can’t digitise around physics.

We may be entering a cycle where value shifts from asset-light abstraction to asset-heavy ex*****on.

Read the full article.

Did Artificial Intelligence Really Kill SaaS? AI is no longer just a productivity layer for software. It is becoming a direct substitute for it. And investors are starting to reprice that reality quickly.