Today the need for clean energy is rampant. Oil and gas has been the instrumental supplier of global energy, however its environmental impacts are considerably big. The cost of operating oil and gas industries are also huge and largely centralized. Renewable energy sources, such as photovoltaic energy, have been more important than ever, nevertheless, the barrier to go mainstream still exists. The project Eloncity is primarily on the same niche with the employment of blockchain platform to make renewables go mainstream.

is fundamentally poised to facilitate grids and energy storage at micro levels, balance trade for renewable energy production, transmission and distribution, and eventually power the whole world reasonably. The advent of blockchain technology has made it possible to decentralize and tokenize any assets. Renewable energy as an asset is no different.





What are the current problems in energy sector, as mentioned by Eloncity?





1. Environmental Pollution and Public Health

It has been reported in news that the leak of natural gas storage had resulted in big environmental disaster. And the residents suffering from headaches, nauseas and nosebleeds were severe.





Safety and Reliability Problems 2.

As centralized grid are susceptible to fail, the residents and industries eventually suffer from massive power cut-off. This questions the safety and reliability of centralized energy services.





Adaptability and Resiliency 3.

The adaptability and resiliency of centralized grids are often in disparage. Not being able to meet the electricity demand when unprecedented circumstances like heat waves or extreme cold arrive. Climate change is real, and we must have innovative model to cope with change.





4. Unaffordable Electricity Cost

Significant amount of energy is lost in conversion, transmission and distribution when coming from centralized grids. This leads to increase in electricity cost which we have been experiencing globally.





Therefore, we have to profoundly acknowledge the global phenomenon of population growth, natural disaster and climate change. They are material, and new model should be innovated. In essence, Eloncity is developing the community-centric model to meet the challenges, and eventually decentralizing sustainable renewable energy resources to realize a safe, healthy, vibrant and equitable energy future.







What is Eloncity Model?

Eloncity model is primarily composed of four pillars -

1. Decentralized renewable energy design architecture

As blockchain technology enables open, secured, verifiable, immutable and distributed ledger for recording of transactions, the same could be effectively leveraged for recording energy transactions. This largely aids in audit of energy sources, transmission and trading. Essentially, it also monitors the status of de-carbonization. To mitigate the high capacity cost and ancillary services, Eloncity aids in installing intelligently networked battery energy storage system (BESS) at customer or community site which would be connected to solar PV at the same premise. This is believed to fulfill the local demands and eliminate or lessen the need of transmission and distribution from remote centralized grids. Moreover, customer or community produced DC power network avoids energy conversion in contrast to AC-DC-AC conversion and costly ancillary services. Eloncity proposes local DC power grid which comprise of DCBus Scheduler, whose role is like independent system operator with tremendous ability to balance the local energy demands. Long story short, combination of local DC grid, DCBus Scheduler and BESS at customer or community site would aid in removing the need for expensive ancillary services and energy conversion (AC-DC-AC), and eventually reduce the cost of delivered electricity to consumers significantly.





2. Community driven planning and implementation

Eloncity and community involvement is believed to remain side by side. Without community participation and support for sustainable energy future, it is impossible to think off.





Partnership with financial partners, government agencies, and other key stakeholders 3.

It is very important to encourage the community for initiating the project to meet the upfront capital expenditure, especially with population having lack of access to funding. Partnership is key for funding sources. Eloncity states that the performance based projects will demonstrate their merits by producing real and meaningful energy bill savings for the community members while generating the required return of investment to pay back the startup loans.





4. Regulatory framework and fair market access to innovative market players

Regulatory framework is necessary to insure the safety of the community and innovative market players with access to reliable, cost-effective and sustained energy services. Ultimately to validate that that no community will be left from access to clean and renewable energy.







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Marketing of Eloncity is managed by Krypital Group.











