ELONCITY: The Best Solution for Future Energy in the World
We are in modern times and our lives depend on electricity grids. Electricity is used to turn on lights and operate mass transportation. There have been advances in this technology but the power grid is still built on the old design. This design is a grid architecture with a power plant located in a remote area and connected through a complex distribution. Electricity production is managed by independent system operators. The operator must ensure that the electricity is not jammed. Today the power grid has a challenge in modern times. The centralized power grid should be able to provide reliable and safe energy services at an affordable price.
Problems
The centralized power grid has many problems. This network raises health and environmental concerns. Underground gas storage has leaked in California. The facility supplies gas to power the existing electricity in all areas of Southern California. This incident is so horrible that governor must declare that this region is in an emergency.
Nuclear power plants have also been leaked so that people living in the area must move. Radioactive particles can be traced in the air and cause catastrophes in all the countries in the Northern Hemisphere. This is an example proving that a centralized grid can endanger human health and safety.
Failure of a centralized power grid can have an adverse impact. The incident made some areas have to endure for days without electricity. Society requires secure energy services. Usually, a power outage occurs due to electrical network failure. Increased heat waves will reduce the transmission and make the environmental temperature increased. This is what makes climate change worse and makes the whole world have to feel the impact of the power grid failure. The cost of electricity also burdens the harsh workers in America.
Centralized networks have high electricity costs because 9% of the energy is lost during power distribution and transmission. These losses also become strong during hot weather and increased resistance of cables and equipment used on the electricity. This network also needs many sources of support and this is an additional service for the consumer.
Solutions
The challenge makes it a non-profit organization established in Singapore to make renewable energy with decentralized systems that can address the problem. The foundation is working with local communities and global organizations to develop the Eloncity Model. This solution can eliminate barriers that occur in centralized networks so that consumers can get a fair, vibrant, healthy, and safe energy service.
It uses renewable resources such as wind or solar to generate electricity with local coverage. Customers in one community can exchange energy and get the same benefits to access that energy and save costs. This can speed up your return on benefits and investments. This solution will make micro grid and overcome the power supply locally.
This system holds amazing potential and can solve energy security problems in the world. The system also uses advanced technology with measurable recipes and this technology can be replicated to create better power grids in the future.
This model has four pillars. The first pillar is an architecture for renewable energy with a decentralized system. This system consists of platform blockchain with high performance and speed. The utility tokens can be the right facilities for local energy exchange. This can create a global market openly. Implementation and planning of this model will be done by the community so that this can guarantee the success of this solution.
The future of energy in this world will be perfect. Stakeholders will realize the implementation of this model. This model will use loan funds and joint projects to generate energy efficiency with adoption for a wide scale. The Foundation also works with government agencies, financial partners, and revolving loans. The model also has a fair and collaborative work framework for protecting energy consumers, releasing market innovation, and addressing unbalanced market forces.
The Competitors
This model has several competitors because there are some people who have the same idea in this world. The competitor also wants to create renewable energy to solve the problem of centralized spare parts. Here are the competitors for this model.
Wepower
This is a platform that allows developers to sell energy with smart contracts. This platform also uses blockchain with a transparent system so that users can do a renewable energy transaction. The fundraising process is done efficiently with a fast system that can save you time. You only pay for the energy you already use.
Energy Premier ICO
This is the future for electricity trading. Everyone can exchange electricity in a safe, cheap, and fast way. You can participate to enjoy the 30% bonus offered by this platform. Developers care about the future of energy so that 37% of profits will be invested to create renewable energy. This trade is done using EPC token. This platform has transparent and well-contaminated properties.
Eloncity Advantages
This model provides safe and open energy transactions because all data will be recorded efficiently and you can verify the records. Token from this platform is able to provide an open market so that communities around the world can exchange resources and energy locally. Service providers and products can enter the global market. Eloncity has great reliability because decentralized systems can adapt quickly when there is the incident that disrupts this system.
Eloncity uses local energy such as windmills and sunlight so that local electrical services will become stable. You still get energy supplies during an emergency. This model has a lower cost than the centralized network. This can overcome the mismatch between demand and power supply in each network.
The basic feature of this model is economic savings because each community has a power grid from local resources. This can reduce losses across the entire area. This model will produce renewable energy from local resources so it can offset local electricity needs. It also minimizes the capacity of expensive electricity demand from various places. In fact, this is an additional service for centralized electricity so that the network can generate revenue.
This is the answer to eliminating the problem of a neglected community. The centralized network has too large a range and this creates a new problem because there are some areas that are ignored by the network. The Eloncity model will reach the whole community as it is a local power grid with renewable resources.