Today, im here to explain about simmitri energy economy.
About Simmitri
SIM is the energy economy built for the future. Born within an elite solar company now known as Simmitri (simmitri.com), with the mission to restore a “balance of power” and continue building on their strong community relationships as we move forward into the 21st century. SIM is the economic bridge that will fast track such relationship, providing a self-sufficient and decentralized network powered by artificial intelligence (AI), communicated through Internet of Things (IoT) and audited by blockchain technology.
SIM is the cryptocurrency token generated from within our “SimBox”, built to balance power between the consumer, prosumer, innovators and utilities. Each device acts as a node in our network - which we call the Energy of Things
- whereas SIM provides the currency that will compensate users based on enhancing building performance.
The energy conservation efforts inside the building generates negative kilowatt hours “Negawatts” that convert to an automatic output of SIM tokens that can be used for your economic benefit. You can program the SimBox to alert for manual control, or the built-in AI software can automatically address your energy conservation needs while you focus on the finer things in life.
Either way, SIM provides the consumer and prosumer with the incentive to reduce individual energy consumption, distribute to those who are in need and lighten the footprint we all stamp on Mother Nature.
Background
What started as a family-owned company founded in 1995, Simmitri began by serving their local community with quality roofing, construction and electrical services. As a Master Elite roofer with GAF Material Corporation, it was a natural progression to segway into solar. Simmitri’s solar business grew even further into energy efficiency services with a focus on corporate clients. By servicing over 4000 clients in central California we have installed, repaired and facilitated energy throughout thousands of electrical load panels.
Customer Service and data collection has always been a trademark of the company and part of the business growth process. As we survey our customers, we learn about essential concerns in regards to all daily aspects of energy efficiency. Collecting data points from our users has been paramount in the direction of moving into artificial intelligence as a new service of Simmitri. When analyzing user behavior data with other energy forecasting data points such as; timing, weather, location, providers and multiple others, the data begins to show us the best practices for either conserving or producing energy. This provides a comprehensive energy analysis, enabling clients (participants) to systematically yield the greatest rewards.
As of 3Q 2017, Simmitri has been recruiting a core team of blockchain experts who are researching and developing revolutionary strategies to incorporate our energy management systems approach, while integrating AI and smart contracts. Our extensive background in the renewable energy market has positioned us well ahead of the competition in this new and exciting world of energy tokenization. We believe it is better to a have a foundation based on energy before incorporating blockchain technology, rather than to be a blockchain startup incorporating energy.
Market Analysis
The market for our smart grid product can be considered either a home energy management system (HEMS) or a building energy management system (BEMS). This technology could be 1 applied to both HEMS and BEMS which are considered as two entirely different market segments; 1) HEMS for residential homes and 2) BEMS for commercial buildings. Although the market segments may be considered separate, we as a company see them as one market, just two types of clients. Furthermore, we serve more than just the homeowner or the commercial property owner and do invite additional clean energy participants to join as listed in our Economy.
However, if we were to make a final claim as to where the physical location of our devices would most-likely be, they would be located on site of the home or business.
Overall, whether it’s called a HEMS or BEMS product/service, they both have the same goal, ultimately having a better system for managing and controlling their energy consumption.
HEMS originally came onto the scene as a system set up by utilities, but has now merged into a connected smart home land grab. Vendors who offer HEMS products and services have definitely seized market momentum, and the leaders are the ones who already had a footing in the home and adding an energy modality was a simple addition to the already pre-existing list of home services. At the Consumer Electronics Show (CES) in January 2018 showed, much of 2 the show had a sense of “smart home-esque” to it. Companies have caught on that the one who wins the smart home race wins the industry, which is just getting started, especially with artificial intelligence.
AI market leaders (Google AI, Amazon’s Alexa, Apple’ Siri, etc.) are considered more of an entertainment or instructional service than energy management automation at the moment, but the artificial intelligence that operate these tech giants’ devices can easily add programmable skill sets into them which connect to the network that runs the home thermostat, lights and so on. Time will tell how involved these tech giants become in the HEMS or even BEMS space in the coming years, however, there are still several fundamental differences between what an Alexa device and a Simmitri device can do, which is explained later in this document.
According to Navigant Research, global revenue attributed to HEMS devices is expected to grow to $7.8 billion in 2025 . Currently, the BEMS industry is harder to calculate with all the 3 different oncoming vendors and software solutions that facilitate a barrage of different energy management solutions in facilities, warehouses, parks and so on. What is known, however, is the BEMS market leaders with large and diversified energy portfolios are the companies who have the current market hold.
In competitive markets such as HEMS and BEMS, innovators must seek adoption through disruption, alliances or complimentary services. Simmitri technologies do solve the primary challenges that face smart grid issues today and we look to become adopted into the smart grid economy through our unique value proposition (UVP) as an AI-powered blockchain solution to IoT energy devices, which commonly distinguishes Simmitri apart from competitors in this space.
● Investment in Grid Modernization
Utilities, innovators and consumers are aware of the dated infrastructure that is our grid. Momentum from US public programs have become mainstream for not only incentives and tax credits, but also stimulus grants issued to solve the burden of modernizing the grid as well as implementing unique, new innovations that prove to help with reliability and sustainability. $3.4 billion was managed by the Office of Electricity Delivery and Energy Reliability (OE) in recent years to help the overall grid industry in reliability and efficiency efforts to help accelerate the deployment of advanced technologies similar to that of which Simmitri develops. Additionally, the Department of Energy (DOE) has joined the movement in 2016 with the Grid Modernization Initiative (GMI), an effort to create strategic alliances to help solve reliability issues through a consortium of industry experts and leaders
● Investment in Blockchain + Energy
Over the past year: $324MM has been invested in blockchain projects in the energy sector. 5 There are currently 122+ companies working on combining blockchain into an energy market in the United States, and an additional 40 projects internationally. Simmitri is unique in this group of innovators as we are creating the only AI-powered blockchain in our energy solution. In saying that, there are currently only a handful of energy coins that have paved the way for investing into these platforms on exchanges. SIM Token will be among one of these.
● Key Market Drivers
The smart grid market is on pace to grow 15% within the next two years. The investments that are flowing into the technology that manages energy consumption and improves building performance is the key driver for this market . The other primary driver is customer 6 engagement. Never before in the history of electric management have consumers become so engaged in this sector.
Now, consumers are being proactive and purchasing HEMS products that they can communicate with as to what their energy wants and needs are to help serve themselves, their neighbors and the overall grid more effectively.
Another large factor to be considered in driving the smart grid market is the need for distributed energy resources (DERs). DERs were introduced in recent years as the adoption of solar and storage became more prevalent in residential markets. Now, the smart grid can depend on a small percentage (roughly 10%) of consumers to generate their own energy from their own investments and act as an active participant in not only creating enough power for their own building, but can now sell back energy to the grid.
Features
● Get Paid To Participate
The platform will utilize smart contracts on the Ethereum blockchain to increase transparency and Ai automation. As the blockchain is used for storing information about the user and household electricity usage per device, it will also execute parameters and initiate various gamification actions based on performance, allowing users to instantly earn a respectable income and exchange their cryptocurrency to fiat currency and transfer instantly to a debit card
● Excellent Costumer Service Trough Data
Collecting data points from our 4000+ clients has been paramount in the direction of moving into artificial intelligence as a new service of Simmitri. When analyzing user behavior data with other energy forecasting data points such as; timing, weather, location, providers and multiple others, the data begins to show us the best practices for either conserving or producing energy. This provides a comprehensive energy analysis, enabling participants to systematically yield the greatest rewards
● Putting AI Into the Electrical Load Panel
The smart box - powered by our artificial intelligence Simi - makes the SimBox a synchrophaser, smart meter and a crpytocurrency mining rig all in one. The Ai measures the flow of electricity through the building’s grid in real time, allowing users to actively manage and avoid disruptions and detect inefficiencies. The sensors across the network communicate with the grid and modify electricity use during peak times, thereby relaxing the workload of the grid, lowering prices and compensating our customers.
Smart Grid Energy Problem
Consumers are not electricians. For the majority, consumers do not understand how electrical power is transmitted and distributed throughout the home. Therefore, when problems arise, the energy consumer is left to make their best guess on how to troubleshoot and solve spontaneous issues. Additionally, the consumer is left to understand their electric bill and to make efforts on managing it.
As population and electronic devices grow exponentially so does the need for energy. The infrastructure of Utility grids are stressed and outdated, they are becoming less reliable as demand continues to rise. Furthermore there is an energy demand time of use imbalance that further complicates the problem (i.e. the duck curve) . This leads to higher grid stress and 11 volatile energy prices.
Utilities and governments have put forth an effort by creating programs to incentivize people to reduce overall energy usage through energy efficiency measures and to shift real time demand by shifting energy usage to different parts of the day. The problem is all of these programs require a considerable amount of resources to administer. These programs require people to be engaged at a high level, which require site visits to people's homes for energy audits, calculations, recommendations on more efficient appliances, verification of energy efficient measures taken, rebate forms and processing.
In addition, these programs are only ensuring that appliances are being upgraded but not the usage behavior of the person occupying the building, which is key to solving the demand issue. Unfortunately, human behavior is one of the hardest things to change and this is one major reason why these programs will never be the complete solution.
● Market Segment Challenges
In the utility industry, sluggish solar growth is expected to continue in 2017 and 2018 before potentially rebounding in 2019, as utilities focus on projects to come online in 2019 or later. Some projects have been delayed, as potential customers have hesitated to sign power purchase agreements until the trade case is resolved. The commercial sector appears to show long-term potential as energy managers across a variety of industries become more educated about solar opportunities and as more efficient financing structures emerge.
● Consumer Specific Issues
Consumers are restricted from conducting their own real-time energy audit. Furthermore, they are unable to review custom energy efficient options per device from the audit and are bound by the rules and costs of the utility company. Finally, consumers are not in centivized appropriately to become energy efficient. However, consumers are interested in controlling their energy costs.
● Utility Company Adoption Issues
As utilities face disruptive change on a number of fronts, they are seeking to transform their business models in order to adapt to shifting market trends. But while utilities know their current models need to change, it’s easier said than done. Utility executives’ attitudes about business model reform have remained relatively constant over the last year. For the second year running, state regulatory models and integration of emerging technologies top the list of obstacles to the evolution of utility business models. Consumer costs and internal resistance to change again rounded out the top four, though respondents were more concerned about the cost of change this year than last. Utility business model reforms are overseen and facilitated by state regulatory commissions, making it unsurprising that respondents have consistently identified them as an obstacle to change.
Simmitri Network Solution
When we introduce Simmitri, we are actually introducing a new energy network paradigm. As of now, the energy market is in transition from a centralized network to a decentralized and even partially a distributed network. We would like to take an even more progressive approach which could be considered as a self-sufficient network.
When the Simmitri team tackled the idea of how to make a self-sufficient network, we were inspired by Mother Nature. All living beings are self-sufficient life forms, living within an interdependent system. It is this balance between interdependence and self-sufficiency that allows the natural world to thrive in its diversity. Simmitri is integrating this principle of balance into its network by creating a hybridized version of the distributed network which is both self-sufficient and capable of participating in the decentralized network, thereby possessing the strengths of both.
● Distributed Energy Resources (DER)
Distributed energy resources (DERs) are electricity-producing resources or controllable loads that are directly connected to a local distribution system or connected to a host facility within the local distribution system. During high energy demand times and when the grid is stressed, the 19 utility company sends the Simmitri Cloud a request for its aggregate of customers to cut consumption as a demand response initiative.
Simmitri provides the tools for current utility and government energy savings to programs to be more efficient and effective by significantly affecting the timing imbalance between peak demand and renewable energy production, also referred to as the “duck curve”
● Home Energy Management Systems (HEMS)
In our research, we found that the only true way for customer/utility/innovator synergy and to efficiently distribute energy throughout the entire building from one standard (no matter what brand(s) the user chooses) was to update the electrical load panel and usher it into the 21st century. In this effort, Simmitri essentially began to create its own HEMS (or BEMS) product, calling it the “SimBox”. This smart box is what was needed in order to allow consumers to still enjoy the HEMS services they prefer, meanwhile using the 3rd party data to integrate via an application programming interface (API) to analyze and prepare for more smart home energy scenes.
The SimBox connects to the smart plug or any HEMS device determining the parameters needed to be energy efficient. The data is absorbed from the devices backend database and is used to determine power supply. If parameters are met and smart contract is executed, the user receives SIM as well as gamifying their profile.
● Simmitri Cloud Exchange
Simmitri is now in a position to facilitate an economy in which conservation, generation and demands interact efficiently. The growing energy market trend is in a peer-to-peer, decentralized model whereas consumers can participate in a trade economy to satisfy their energy needs. As we identify projects who create exchanges for consumers to buy and sell RECs and carbon offsets, the advantage of Simmitri would be in the solution of a more automated trustless system which the blockchain solves
Technological Solution
● Simmitri Hardware
Simmitri leverages three primary hardware solutions in this economy. Starting with the electrical load panel, the “SimBox”, runs an ongoing energy audit of every circuit and possible distribution point sending a signal through the circuit wires and reads a unique electrical signature of each circuit, similar to a fingerprint. The smart socket “SimSocket” then sends feedback to the SimBox. This is to establish a grid to be monitored and subject to advanced automation. The Simmitri Power Station, or “SimStation” is an added microgrid power station that allows you to produce electrons and send it back to the grid. These products will learn and automate the most efficient and effective ways to produce Negawatts by managing electrical consumption in real time, which is beneficial for demand reduction and grid stabilization.
● Artificial Intelligence | Simi
The smart box powered by our artificial intelligence Simi makes the SimBox a synchrophaser 26 on steroids. The AI measures the flow of electricity through the building’s grid in real time, allowing users to actively manage and avoid disruptions and detect inefficiencies. The sensors across the network would communicate with the grid and modify electricity use during peak times, thereby relaxing the workload of the grid and lowering prices for our consumers.
For the network, we're delivering more than just machine learning, but advanced, human-like AI protocol. Simi will begin her life with behavioral modification through machine learning, proven to be great for regression (prediction) and classifiers - similar to that of a child who is born and raised in a certain environment. The ML algorithms are the building blocks for the AI, which includes multiple machine learning components such as speech recognition (Recurrent Neural Network) , image recognition (Convolutional Neural Network) , knowledge representation and 27 28 then the really interesting part of it having curiosity and human context allowing “it” to be a “her.”
Simi uses Recurrent Neural Network (RNN) to process text and to find out the intention (e.g. an action to take, information, etc.) That RNN categorizes the intention as well as fills in the necessary concepts to complete the request of the energy demand. If the request is ambiguous, contradictory, or more information is needed, it will simply ask for the information it requires to complete its task. Supporting images for more context will be useful and can be done by training a Convolutional Neural Network (CNN) to map the images to the same concepts as the RNN.
Concepts can be trained to match word embeddings (have them both reside in the same dimensional space).
This would make the knowledge concepts map directly to words. That way it will be more fluent for Simi to map words to concepts, and images could also be translated to concepts. Simi also uses k-means clustering to find the clusters (categories) of the knowledge 29 concepts, and that is the way she has a human-readable way of "understanding" the AI's memory.
As Simi consumes data points from HEMS devices and the network, she unpacks what she believes (references) will be the most energy efficient processing protocol to the user.
● Blockchain Technology
There is a need to understand the distinction between public and private blockchain. Public blockchain enables everyone to use the network, initiate transactions, read data and join the network as miners. The bigger the network, the more secure it is. Private blockchain is maintained by a closed network of nodes, or even a single entity. Therefore, for transparency and token economics features, public blockchain is preferred for this case.
Market trend, programming possibilities and community with the Ethereum Blockchain and the functionality of smart contracts brings this solution as the main option. Ethereum blockchain introduced new opportunities, which Bitcoin and similar to Bitcoin protocol blockchains do not have. Using SIM as an Ethereum-enabled code executes the smart contracts in a decentralized fashion. This means that on the blockchain we can move not only value, but also implement rules, according to which that value can be moved.
SIM users do not need to trust any central server and can trust the blockchain consensus algorithm and output of the system. The smart contracts are pieces of code which are stored on the blockchain network (in each node's database on the Simmitri network). This defines the conditions on which all parties using the contract agree and certain actions described in the contract can be executed if required conditions are met.
Roadmap
Q1 2018
● Design, technical and production line strategy specs for Simibox ● Primary and secondary rules roster for SIMI AI functions ● Simmitri Token (SIM) applied to be listed on crytpocurrency exchange(s)
Q2 2018
● Customer wallet (dashboard) finalized for earnings and transfers ● Integration testing of blockchain and data collection in open API networks ● Established market maturity for implementation and partners (analysis)
Q3 2018
● Manufactured Simibox prototype v.01 ● Launch smart home incubator program ● Beta testing of local market sample group
Q4 2018
● Integration of Simibox into current client list and pipeline ● Analysis of deep metrics from beta testers ● Applications filed for state incentives for renewable energy providers
Simmitri Token will be collaborating with Bit-Z to launch a vote to be listed on their platform.
Simmitri (SIM) will need to achieve 2000 votes on Bit-Z in order to be listed. The voting contest will be held from May 18-24.
Visit Simmitri on:
Website : http://token.simmitri.com/
Whitepaper : token.simmitri.com/assets/pdf/SIM_White_Paper.pdf
Telegram : https://t.me/SimmitriToken
Ann Thread : https://bitcointalk.org/index.php?topic=3516185.0
Twitter : https://twitter.com/simmitrienergy
Facebook : https://web.facebook.com/SimmitriSolar/?_rdc=1&_rdr
Author
Bitcointalk Username: Dhevi
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1567105
ETH Address: 0xA7Da3eDaa862830D59a81d35EE50DAD9A11Ec500