Power Set of a set is a set of all subsets of it, a subset being a set containing elements from the given set.
Now empty set has no element in it- so it has only one subset - which is the empty set itself. So, power set of empty set is
- A set containing empty set - $\{ \emptyset \}$, and its cardinality is 1.
Now, we apply power set on this set- so we get two subsets - $\{\emptyset\}, \emptyset$. So,
$$P(P(\emptyset)) = \{ \emptyset, \{\emptyset \}\}$$