Hello dear subscribers and readers. Today, we will continue to talk with you about a significant project in the world of ICO and Blockchain.

Modern society every day increasingly depends on its enormous size and cost, electrical networks to power everything from cell phones to metro stations and public transport. Despite technological breakthroughs and innovations, modern power grids are largely built on an aging mechanism that has both faced significant challenges and continues to face them. All these issues come in a row, there are environmental and health problems, safety and reliability problems, as well as problems in adaptation and growth of costs for permanent repairs.

We should not forget the problems associated with natural disasters, population growth and climate change. We can see that new approaches to the production and distribution of energy are needed. There are solutions and they guarantee vigorous and sustainable growth for all. Ai Grid Foundation (Foundation) is a non - profit organization based in Singapore. The conductor, for the use of decentralized renewable energy sources, to address the current challenges of the existing energy system. The Foundation works with international organizations and local communities to develop the Eloncity model. A multi-faceted solution for using decentralized renewable energy sources to remove barriers that prevent safe, energetic and equitable use of energy in the future. Decentralized renewable energy will use local renewable resources such as solar or wind power to produce electricity where it is consumed. Eloncity rests on four key pillars.

FIRST:

A decentralized renewable energy design architecture as an alternative to the current and obsolete approach to energy production and distribution. This energy architecture includes:

Local resources of renewable energy like solar photovoltaic system (PV) connected to intelligent network systems, energy storage battery (BESS), and the system management client loads located in areas of client and community resources. A decentralized energy system meets all or almost all of the energy needs of the community through safer, more reliable, sustainable and more cost-effective energy generated locally.

A community DC power network that uses renewable DC power more efficiently by minimizing losses from repeated AC-DC-AC conversion while eliminating the need for expensive services of ancillary AC power.

A high-performance blockchain technology Platform that provides an open and secure distributed Ledger for efficient high-volume recording and high-speed energy sharing in the community. Energy sources, renewable or fossil fuels, can be tracked for correct energy estimation. In fact, the blockchain Platform will allow to expand cooperation and exchange of resources in mitigating the entrenched barriers to the widespread introduction of decentralized renewable energy.

SECOND:

Community Planning and implementation is another pillar of Eloncity. As the community must live with this energy future, it is imperative that the community play an active role in defining and creating this new energy future.

THIRD:

Projects based on the results of operations, in combination with renewable credits for the mobilization of private capital to achieve large-scale implementation of decentralized renewable energy. The Fund will work with financial partners and other key stakeholders to establish a revolving credit Fund. The Fund will contribute to the initial capital to initiate projects in communities that do not have access to such financing. Based on the evaluation of project performance, demonstrate their achievements, making a real and significant bill of the energy efficiency for community members in the formation of the required return on investment on loan repayment starts. The replenished capital will be used to Finance further projects of Eloncity.

Finally, in the FOUR:

A Joint and Equitable regulatory framework equalizes the field for energy access, putting an end to unbalanced market forces. Eloncity unleashes market innovations, protects the energy consumer, and supports the local economy. The regulatory framework should ensure fair market access for innovative market participants and guide market decisions to ensure:

The safety of the community

Reliable energy services

Cost-effective and affordable energy services

Sustainable transition to healthy and safe regenerative energy

Inclusion for all communities

Potential markets for Eloncity will be areas that are served by an existing centralized network, or areas that do not have electricity services. At the beginning of its activities, the Fund will focus on disaster-prone and rural areas, as these areas can:

Do not have power supply or be most vulnerable to power outages

Do not have the local capacity to plan and build a safe, secure and sustainable energy future

Can be difficult to access

At the same time, the Fund will work with utilities in densely populated urban areas to provide decentralized energy resources to address the limited service areas in centralized networks. The eloncity model Offers a multifaceted solution that uses decentralized renewable energy to achieve a safe, healthy, vibrant and equitable energy future for all.

Summarize.

The Eloncity project takes on one of the most pressing problems today. Now the question of the preservation of our planet is very acute. There is no doubt that in the near future it will be possible to successfully implement the Road map of the project, which by the way is spread out until 2022. The project is very humane and promising. Click on the likes and subscribe.

Links:

My unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000088

Krypital Bounty Group: https://t.me/KrypitalBounty

Eloncity Group: https://t.me/Eloncity

Krypital News: https://t.me/KrypitalNews