Eloncity: is Able to solve many energy problems

Eloncity: is Able to solve many energy problems, as well as to distribute power correctly between consumers. thanks to blockchain technology, the whole process will be fully automated and monetized. For internal use, there will be a coin of this company. I want to show you the main parameters taken from the article.

A Blockchain platform that provides an open, secured and distributed ledger for efficient recording of energy transactions in the community in a verifiably and immutable manner. The blockchain platform also enables the Eloncity community to establish an auditable record for tracking the sources of electricity generation within the community, that is GHG-free or non-fossil-fuel based. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources, and also monitors the community’s progress toward de-carbonization.
An intelligent networked battery energy storage system (BESS) deployed on the customer premises to harmonize local electricity supply-demand. The Eloncity BESS mitigates the needs for costly capacity and ancillary services. Additionally, BESS also help to flatten intermittent renewable generation into predictable, reliable, and dispatchable renewable resources.
Customer-sited or community-based renewable generations, such as solar PVs coupled with intelligent networked BESS, that can fulfill all or nearly all the local energy demands. The locally produced renewable powers would eliminate, or significantly lessen, the need to transport remotely generated power through the vastly complex and often vulnerable centralized grid’s T&D network, while at the same time avoiding energy losses from long-distance transmission of remotely produced powers to customer sites.
A community DC power network that uses the renewable DC power more efficiently by minimizing the losses from repeated AC-DC-AC conversion, while eliminating the need for costly AC power ancillary services. Electricity in DC form is much more simple as compared to its AC counterpart. For instance, DC electricity does not require complicated and costly supports such as frequency regulation or reactive power services. The Eloncity’s proposed local DC power grid includes the DCBus Scheduler that orchestrates the community electricity demand-supply. This local scheduler’s role would be equivalent to that of the independent system operator, but with the significant advantage of the ability to balance the local energy demands and supplies at individual customer premises levels in highly granular temporal resolution. In summary, the local DC grid and DCBus Scheduler, together with the networked BESS, would remove the need for costly ancillary services while eliminating the loss from repeated AC-DC-AC conversion. All these technical innovations ultimately aim to reduce the cost of delivered electricity to the energy consumers.

Personally, I see in this project not the possibility of good investments, but also real help to people, real solution of problems. I think these projects have a great future they will work and they will be useful.

Original article: https://medium.com/eloncity/why-do-we-need-eloncity-5e9ed5dbfca3
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