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I checked that a week ago but could not understand that part of it. I mean how am I going to lend my electricity from Washington to Chicago? I even wrote an article abut PowerLedger. In a technical section of faq they talks about it and says that you don't have to install any hardware or host application, all you have to do is to sign up and trade energy. I don't get it.

https://steemit.com/powerledger/@ghayas/what-are-the-risks-associated-with-buying-ico-tokens-such-as-power-ledger-do-i-risk-anything-else-other-than-losing-my-initial

Initially large batterries are stores in groups of housing as I understand it. Check out the trial inWhite Gum Valley Perth which details this feature. The large communal batteries would collect and calculate input and out put as I understand.