Our project aims to bridge the gap between the citizens’ green energy ambitions and their capabilities in the domain of space and location ownerships. It enhances the existing solar platforms to provide clear information and support for solar adoption, while also creating community energy hubs that encourage collective energy solutions. The key innovations include:
Blockchain-Enabled Energy Trading: This provides secure and transparent ownership of energy production capacity, allowing for fluid investment and easy trading of energy production capacity shares. Novel economics blockchain model employs open market principles to drive token generation as well as attract new investment.
Simple explanation:
– New tokens are generated when new energy production capacity is attached to the system. Each token
represents 1kW of energy production capacity.
– Tokens are offered on the open market and any investor can purchase it.
– When a green energy source generates value, it is converted to tokens by market purchase and destruction of purchased tokens. This way, newly added value is distributed to all holders.
– Before value conversion, a fraction of it is used: i) for network healing, ii) insurance, iii) equipment
maintenance, and iv) foundation operational costs.
IoT Integration: Older solar technologies are enhanced with IoT devices for real-time monitoring, ensuring efficient energy production and predictive maintenance. New models are integrated on cloud (API) level.
Self-Healing Technology: Automatic maintenance features preserve green energy production capacity over time, maintaining optimal energy production capacity despite their natural degradation, by investing into building new capacity and more efficient technologies. When new green energy capacity is installed, it gets converted to tokens by creating new tokens that get automatically destroyed.
Investment Opportunities: Residents can invest in green energy production without needing physical space for example solar panels, democratising access to green energy investments.
AI control: System decision making is guided and automated by an AI subsystem that considers: i) world climate data and projections, ii) blockchain network state, iii) Copernicus satellite data, as well as iv) political and economic inputs to determine optimum geo-placement of new green energy production capacity. The AI subsystem will also suggest reallocation of production capacities, given that new locations will make economic sense.
