Our vision is a decentralized electricity market that enables renewable energy producers and consumers to share energy in a cleaner, more efficient, more transparent and connected way than ever before.
Therefore we starting developing the needed infrastructure, so-called microgrids for the future decentralized energy world. A microgrid is a localized grouping of electricity generation, energy storage, and loads that normally operates connected to a traditional centralized grid (macrogrid). This single point of common coupling with the macrogrid can be disconnected. The microgrid can then function autonomously and can be controlled as if it were one entity.
Our microgrid generation resources include stationary batteries and power from solar and/or wind sources. The multiple dispersed generation sources and ability to isolate the microgrid from a larger network provide highly reliable electric power at lower costs.
Microgrids have seen implementation in a number of communities over the world. We started projects on various islands of the Natuna Islands powering entire islands with solar and wind energy. This localized energy system has helped save over 100,000 gallons of diesel fuel. It is also able to sustain every singular island for at least three days without any sunlight. These projects are a great example of how micro-grid systems can be implemented in communities to encourage renewable resource usage and localized production.
In Singapur we started a pilot project to connect people with their own power generation, local companies, supermarkets and schools directly in a peer-to-peer marketplace. This new marketplace will redefine the role of market participants and the transactional and trust models in the energy sector. The technological focus is on blockchain and its integration into energy products. Our platform ensures the perfect local exchange between generators and consumers.
Local products are environmentally friendly, reduce transport costs and strengthen local structures. Through our platform owners of private photovoltaic systems and consumers in the neighborhood can exchange renewable energy. The electricity from next door strengthens the local structures and leads to cost advantages due to the proximity.