EtainPower A Blockchain-based absolutely Energy Ecosystem Powered by using manner of AI
The energy enterprise has usually been an enterprise with centralized authorization and operation. While conventional fossil fuel generates reasonably-priced strength for us, it moreover reasons severe or even irreversible pollution and harm to the surroundings. In present day years, the arena’s international powers have all started to realise the problems because of the consumption of traditional fossil fuels, along side global warming and pollutants, many governments have issued policies to promote the improvement of renewable strength projects.
As a end result, the renewable power employer has made first rate progress and development, and the price to assemble renewable power tasks is reducing frequently. Because of this, extra renewable power energy initiatives had been built than traditional fossil gasoline energy tasks. In 2016, 60% of the newly-add international power potential came from renewable strength.
Although renewable strength has made a few achievements presently, there are although a few troubles that need to be solved during improvement.
First, comparing to standard fossil fuel power plant life, the initial capital name for for renewable strength projects is fantastically excessive. Most renewable energy manufacturers want to decrease the initial equity investment and do mission financing to make greater profits. With the gradual decrease of government subsidy for renewable energy projects, buyers enhance the requirement of mission financing.
Therefore, renewable strength producers are competing fiercely for the investment, making it difficult to acquire the mission financing. Meanwhile, within the version of conventional financing, some financing establishments like banks are conservative, and that they do not know the corporation technology and preferred of renewable strength very well, so similar to a conventional fossil gas electricity technology challenge, a renewable strength project is greater hard to get monetary assist. High preliminary financing necessities at the start of tasks can become one of the most insurmountable obstacles to construct renewable energy initiatives.
On the alternative hand, investors with the capital have created the demand to make greater investments in renewable electricity initiatives, however they cannot find the investment channel. Information asymmetry exists most of the investor and the renewable energy manufacturer. For some middle and small period investors, even within the occasion that they have the channel to put money into renewable responsibilities, they don’t have the potential to show display and look at the assignment. Then for center and small size buyers, in the event that they spend money on renewable electricity obligations, they could first-class reap the return of the funding via using the power generated via the project or obtaining the currency of the mission location. Because of this catch 22 situation, the traders are generally concerned about whether or not or no longer or not they might acquire the predicted cross lower back on funding in the future. The catch 22 situation of geography
and fiat foreign money come to be the precept impediment to making an funding in renewable electricity duties.
Third, due to the fact the power technology of renewable strength challenge is unpredictable and fluctuates from time to time, it's miles hard for electricity grid operator to stability the strength generation and cargo when a big range of renewable electricity projects are connected to the grid. Inadequate enjoy in managing renewable strength grid connections and shortage of clever grid technology reasons energy application businesses masses of problems to cope with.
EtainPower objectives to solve the catch 22 situation and demanding situations of the worldwide electric powered energy tool:
EtainPower: A Blockchain-based absolutely Energy Ecosystem Powered by using manner of AI 3
- EtainPower is constructing up a blockchain based absolutely renewable energy buying and promoting platform. Through blockchain and clever contract generation, EtainPower will tokenize the renewable strength sales and help renewable power producer whole project financing. EtainPower will assemble a decentralized, truthful and obvious financing surroundings, lessen financing price at the same time as improving performance for undertaking financing, and consequently sell the improvement of renewable power.
- EtainPower will assemble the powerful channel for global buyers to get entry to and spend money on renewable electricity initiatives, EtainPower will behavior due diligence to make certain project tremendous and the investor’s advantage. Project investor can each trade the strength token to the EtainPower token or energy or use the energy token to buy severa offerings in the EtainPower surroundings.
- Furthermore, EtainPower will employ AI era to optimize renewable energy grid connection, create smart grid technology to ease the adoption of renewable energy, and enhance the pliancy of the electricity grid. EtainPower puts enough attempt on reforming the conventional centralized electric strength region, connecting renewable energy producers, investors, purchasers and energy grid operators within the global range to accumulate a completely new AI energy ecosystem driven via the blockchain.
Introduction to the Renewable Energy Market
Since the economic revolution, people have become extra relying on electricity. The developing dependence on power has brought about not most effective useful resource exhaustion of traditional fossil fuels like coal, petroleum, gas, however also extreme pollution to the surroundings. As more greenhouse gases from the consumption of fossil fuels are launched to the surroundings, the Earth’s temperature will increase. This motives global climate exchange that is threatening the development of our society. In present day years, the global powers have realized the issues resulting from conventional fossil fuels. Expanding the attain of renewable electricity to create a planet impartial from fossil fuels has turn out to be the consensus of our global powers. Many nations have made developing and utilizing renewable strength an critical a part of strength manufacturing techniques and issued policies to promote the development of renewable power.
In the electric electricity area, traditional fossil fuels are assets that humans use to accumulate electricity, but renewable power has made fast development these days. According to the Global Landscape of Renewable Energy Finance 2018 posted via the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), whilst you do not forget that 2012, the boom rate of renewable strength tasks has surpassed that of nonrenewable electricity projects. In 2016 despite the fact that the investment for renewable strength obligations declined from the 2015 stage, the whole renewable strength capability has grown to report immoderate levels. Since 2012, renewable electricity capability installations have passed non-renewables via a rising margin, representing about 60% of all new strength-generating potential introduced global in 2016. By the quit of 2016, preferred set up potential for renewable power responsibilities, which includes hydropower duties reached 2,017GW. The U.S. Energy Information Administration anticipated that through way of 2040, extra than 30% of the worldwide energy can be generated with the aid of renewable strength projects.
Source: U.S. Energy Information Administration
The rate chain of the renewable energy enterprise is like that of the traditional fossil gasoline power enterprise, each of which consist of energy generation, transmission, distribution, trading and deliver to the cease person.
In the regulated power market, software corporations monopolize the entire electricity supply chain inside the regions wherein they deliver power, with business shielding power generation, transmission, distribution and strength earnings. In the unregulated strength marketplace, the government does not allow utility groups to cover the whole enterprise chain, they ought to divest all possession of technology and transmission, and in fashionable simplest be answerable for electricity distribution, grid operations, and protection, and billing the electricity stop customers.
Energy Token
EtainPower is a blockchain based totally transaction platform for renewable power financing. Through the platform power producers can set up connections with international buyers and complete mission financing.
The destiny sales from energy era is bought to the shoppers at lower than marketplace fee to raise capital and give up project creation. Investors can advantage PowerPoints (PPS) issued with the aid of renewable electricity manufacturers when they buy destiny electricity revenue. After challenge is operational, sales from power EtainPower:
A Blockchain-primarily based Energy Ecosystem Powered by using AI 10 era might be automatically transferred by way of the smart agreement and the rate of the PPS held with the aid of consumers will be activated. Investors can trade the PPS for equal charge EPR via EtainPower platform, use the PPS for electricity rate, or use PPS to buy exclusive offerings inner EtainPower's ecosystem.
EtainPower platform can simplify the financing machine for renewable strength manufacturers, so they do no longer want to rely on most effective one or several shoppers to complete project financing. For most renewable strength obligations, traders usually set standards, which increase the complex degree and the lead time to go through the technique. Besides, renewable strength manufacturers are charged for that. On the EtainPower platform, renewable energy financing statistics is public and open to all capacity buyers round the area.
Through blockchain clever agreement, renewable strength manufacturers and customers can swiftly finish the financing approach, saving the fee and inconveniences of to elevate capital from conventional economic establishments. Because of this, problem in renewable strength assignment financing can be substantially solved. Hence, greater renewable electricity manufacturers can conquer the financing barrier and entire the project introduction.
Power Grid Intelligence
The imaginative and prescient of EtainPower is to assemble a renewable power based clever power grid that is operational based on decentralization, transparency, and 0-emission concepts. EtainPower will no longer best include renewable power microgrid and disbursed technology energy responsibilities in surroundings, but additionally set up partnership with electricity software corporations. EtainPower will combine technologies together with synthetic intelligence, blockchain, IoT, and tool studying and lots of others. To beautify current strength grid centers, optimize operations of the power grid, in addition to simplify the energy transaction. The strength grid upgraded by using EtainPower would be a greater strong and sensible device, a good manner to optimize renewable electricity power technology, manage the give up man or woman electricity consumption, and to address all forms of destructive climate conditions.
The improvement of EtainPower platform may want to be in three stages.
Stage I (now ~
Q1 2019)
At this stage, EtainPower will launch the blockchain primarily based definitely renewable electricity mission financing platform. The team will focus on checking out and demonstration of the platform functions, connecting renewable energy producers and traders, and complete financing for the most important batch of renewable electricity initiatives.
Q2 2018
R&D:
- Complete EPR token improvement and prepare for EPR Initial Coin Offering.
Business Development:
- Finish EPR Initial Coin Offering.
- Sign contract with Antigua and Barbuda National Grid to put into effect EtainPower platform in its
territory.
Q3 2018
R&D:
- Develop PPS token.
- Launch PPS pockets Ver.1.Zero
Business Development:
- Completion of renewable electrical energy challenge audit standards on the platform.
Q4 2018
R&D:
- Launch Beta model PPS financing platform.
Business Development:
- Sign average 600MW renewable electricity initiatives to bring up capital on EtainPower platform.
EtainPower: A Blockchain-based Energy Ecosystem Powered through AI 22
Q1 2019
R&D:
- Launch PPS financing platform Ver.1.0
Business Development:
- Complete financing for the first batch of renewable electrical energy tasks.
Stage II:
(Q2 2019–Q1 2020)
At this level, EtainPower team will attention on platform optimization to release a collection of application offerings for PPS holders. During this era, the essential batch of renewable electricity initiatives financed at the platform will complete construction and generate energy. Project traders can use PPS to pay for the application services. EtainPower will prolong the commercial enterprise to numerous areas and countries. With the growth of business and the non-stop optimization and improvement of the platform, the EtainPower platform will be drastically used through renewable electricity producers, traders and alertness service carriers and verify the
scalability.
Q2 2019
R&D:
- Launch PPS Ver 2.0 to guide multiple programs and services. Develop PPS packages.
Business Development:
- Expand company to Asia and United States, advertising and advertising EtainPower platform to renewable strength
manufacturers and investors.
Q3 2019
R&D:
- Launch PPS pockets Ver 2.0 to aid software services for customers (cell mobile phone and internetversion).
Business Development:
EtainPower: A Blockchain-based definitely Energy Ecosystem Powered thru AI 23
- Sign partnership settlement with greater than one utility carrier companies.
- Distribute income from the first batch of renewable energy initiatives to PPS holders (task traders).
Q4 2019
R&D:
- Launch PPS utility services inclusive of electric vehicle condo, EV charging and so on.
Business Development:
- Develop power utility clients.
- Before 2020, EtainPower platform will assist 20.6GW renewable strength power technology initiatives complete financing.
Q1 2020
R&D:
- Launch P2P electricity shopping for and promoting utility Business Development:
- Sign cooperation framework contract with severa power utility companies
Stage III
(after 2020-Q2)
At this stage, EtainPower will start jogging with electricity software program enterprise to enhance modern strength grid.
Utilizing blockchain, AI, smart grid technology, EtainPower will create a brand new technological know-how of renewable energy power grid, improve efficiency, transparency and equality of the transaction amongst renewable strength producer, electrical energy software and electricity quit user. Through optimizing the strength usage, the strength.
grid operation could be greater balanced and strong.
Q2 2020
R&D:
- Launch PPS Ver 3 to useful resource microgrid software services
- Launch the AI-pushed clever grid management system
- Complete clever incorporated administration computing device and microgrid hardware improvement
EtainPower: A Blockchain-based completely Energy Ecosystem Powered by means of using AI 24
Business Development:
- Completion of the software of strength transaction for conventional electrical energy software
Q3 2020
R&D:
- Launch AI clever grid administration device Ver 1.0
Business Development:
- Deploy AI microgrid control structures in Caribbean location
Q4 2020
R&D:
- Launch AI sensible grid management machine Ver 2.Zero
- Business Development:
- Deploy AI sensible grid management system in Southeast Asia market
- Complete financing for eight.6GW renewable power tasks
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