I had the same issue on both my 2019 iMac 27" retina and my 2019 16" MBP. I spent several hours with apple support on the phone over 3 different days. I sent diagnostic reports and such. They didn't want to help as Big Sur was in beta still. They wanted me to downgrade before diagnosing.
I told them I would wait until the release of Big Sur and see if it went away, which it did not. Then I said I would get back with them if there was still an issue as it should then be supported. There were still no fixes from Apple.
The only fix I was able to find was to set a schedule in the power saving preferences. I set the schedule to wake everyday at 12:00am and sleep at 12:01am. This corrected the powerd issue immediately, although it created issues on my iMac which had 3 external displays connected to an external GPU. The moment the system would go to sleep for any reason, it would cause a kernel panic in the watchdog process. It was only related to sleep as if I set a screen saver, it did not cause a panic until the computer tried to sleep.
I sent a crash report to apple every morning as my computer never gets shut off and it would crash and reboot sever times every night.
I removed every external device, reset the memory controller and every type of reset apple could think of. Nothing fixed the issue.
I finally wiped my entire system by deleting the entire contents of the SSD using the disk manager in the recovery console and then doing a clean install of Big Sur from there after. After the fresh install, all seems to be normal. I have reinstalled every application and reconnected every device to both my MBP and iMac. Powerd is no longer an issue!!!!
I suspect something in the beta installer process on one of the versions corrupted something in the power management. On my MBP, when I search for powerd, the process does not even exist. I cannot remember if it exists on my iMac and I don't have access to it at the time I am writing this. I believe at one point I searched it and found it. At another point I think it was not found. Possibly, is it a process that was created in a previous version of MacOS and Big Sur doesn't know what to do with it? I doubt that but just throwing it out there.
All has been well on my iMac for two weeks now and my MBP for 2 days now....