Future of Energy Industry Decentralized

History

Energy Industry owns a long history, which has started and developed among first human civilizations. At that time they used burned wood, sun, wind, water, animals to gain energy. But with the industrial revolution, human energy needs become complicated. Some finest human brains n the 17th and 18th centuries shifted the path of the energy industry forever. The invention of steam engine, electric light, hydraulic plants etc, has created a massive demand towards energy consumption. By the late 1800 petroleum fuel familiarized among energy producers and users. Petroleum still on the heavy use due to its own unique qualities and ease of use. After that nuclear energy conquered the energy market. Resulting in several numbers of changes, we have come up with the current situation of Energy Industry. But even now, every country in the world still researching for new and efficient methods to feed Energy Needs.

Existing Condition

Development of a society largely depends on a sufficient and secure energy supply. Because energy is an essential need for all other industries in every possible way. Power plants have become bigger and bigger until the creation of the largest coal plants or hydroelectric dams ever possible. Power lines reaching every corner of the world. New technologies and innovations arising day by day. But above all of these developments, new technologies, implementations, the demand for energy is increasing with a massively accelerated condition.

Energy Industry seems to be framed around fossil fuels, hydropower and then nuclear energy. Emission of carbon dioxide, carbon monoxide, sulfur dioxide and other pollutant gasses to the environment have become increased during past century And resulting an unrecoverable impact on global warming. When considering about hydropower common sight is higher regulated water flows in downstream of dams. This act has threatened the prevailing ecosystems in downstream and water needs of human. Usable water is become so much limited, because of that energy producers tend to use petroleum fuel and coal to produce energy. Petroleum also entering the red list soon. After that, Nuclear power will be the only method remained for mass energy production. Actually, nuclear energy can easily feed all the needs of the human in the future. But Nuclear power included higher potential risks, even that can vanish human civilizations from the earth forever. Starting from Chernobyl disaster happened in 1986, there were 99 nuclear-related accidents, among them 56 of accidents were associated with nuclear power plants. Nuclear energy certainly doesn't create a safe, clean, sustainable future for the human, Its just a dangerous exception for other non- renewable energy.

The solution

At first researchers and professionals in energy industry should be educated about the sustainable methods of energy production. They will be the creators of the intelligence for the future energy revolution. There are many renewable sources in the Earth with unlimited potential to feed the total energy needs of human. All the methods related to renewable energy have become threatened by prevailing technologies in the industry. If again we can start using renewable energy as the ancients, then the earth will again become a paradize. Solar energy, wind energy, hydropower, geothermal energy, and biomass energy etc, will be the survivors of the human with the last stocks of non-renewable energies.

One single company named as "Eloncity" has started a giant project to disrupt the whole energy industry with renewable energy usage. Most of the human think that it is an impossible thing to do. But the Eldon city project begins to change that idea forever.

Eloncity

Eloncity will decentralize the power infrastructure by shattering the current monopoly in the Energy Industry. For this process, Eloncity uses millions of self-sufficient microgrids included with local energy producers all around the world. Local users will be connected to the main grid. So the users can share energy with other users to get reliable and constant energy supply. Eloncity is working towards a transparent and community-based energy system.

Existing outdated technologies will be definitely failed to create a global platform when considering the severity of global energy industry. The only solution will be the integration of Blockchain technology where automated real-time transactions are possible. With the inclusion of Blockchain, all the transactions happening will be recorded in a public ledger. This ledger can consider as an auditable record for tracking the quantities of electricity generation in the community. Transparency within the community will become the highest, there will not be any hidden costs and taxes included with prices anymore. A crypto utility token named as Eloncity Token-ECT has been introduced to the community. Payments on the community can instantly be executed using this coin. A special kind of energy storing method introduced by Eloncity; named as "Battery energy storage system (BESS)". That will ensure about a constant electricity supply throughout the system.

The sustainability of the Energy Industry will be at its higher level with this community-based regenerative energy system. Eloncity works towards the collaboration with other financial partners, government agencies, and other key stakeholders to realize this dream. With the help of those parties, Elonsity introduced revolving loan facility for ease of mobilizing private capitals to the well-being of this energy disruption.

Conclusion

Eloncity will be the respectful disrupter of the Energy Industry with a peaceful and decentralized market filled with happy sharing and collaboration. The sustainability of this energy generating system is extremely high, So the nature and life on earth will be secured for additional multiple centuries. Disasters due to nuclear power generation, and pollution happening through petroleum fuel burning will become nullified. Eloncity will be The Future of the Energy Industry, That is the ultimate conclusion of this article.

ICO & Essential Links

Eloncity has an ongoing taken sale, where anyone can buy ECT token to a cheaper price. You can contribute this disruption and earn a treasury in near future.

Website is on: https://eloncity.io
Bounty Program is on: Hive account@krypitalbounty
Only News Channel: @Krypitalnews
Only Official Telegram Group: @Eloncity