B2B Energy Trading = Digital-Currency

How technology can help you thrive in B2B energy retail

The World’s Energy and Climate Crisis

Today our world is plummeting simultaneously into an Energy and Climate Change Crisis. Floods and droughts are exacerbated by unreliable supply and highly volatile costs of energy. The poor can hardly make ends meet for a commodity like electricity which should be a basic human right. Industrial and commercial productivity and efficiency are also greatly impacted.

Leading world experts keep stressing how we must reduce our dependence on fossil fuels and move to renewable energy sources. This is all fair enough, but let us examine the reality of the situation in today’s global energy markets.

In most developed countries renewable energy generation is managed by private companies. To develop a solar or wind farm requires considerable financing. A 1 megawatt (MW) solar farm (small) costs upwards of $1 million just for equipment with an ROI exceeding 12 years. Income is not steady with electricity purchase prices low and not guaranteed or fixed. Producers are often subjected to automated shutdowns by Grid Operators when solar farm production is high, drastically cutting into revenues. ?This is the direct result of the fact that National Electricity Grids across the world have been designed to support centralised distribution from large power stations. They are badly equipped to properly manage decentralised or distributed electricity networks with numerous renewable generation sources across a country of dispersed demographics.

This volatility and uncertainty makes banks weary about financing renewable energy projects without substantial upfront funding by the borrower.?All of this is discouraging for solar and wind farmers and creates little incentivisation for nations to eliminate fossil fuel usage.?

Our Digital-Energy Solution

First we digitalise energy at source and track it throughout its lifecycle from generation to distribution, storage and finally consumption. Every unit of energy comes with a guaranteed certificate of origin whether it is green or not. All data concerning every unit of energy is immutable and fully auditable

The second thing we digitalise is money. Instead of relying on slow, expensive and inefficient fiat currency transactions we use digital-currencies to manage real-time smart energy contracts for all our buying and selling. Legacy banking services only need to get involved at the very end. That means we can transact many hundreds of thousands of transaction per hour at absolute minimal cost in real-time.?Additionally all counterparts of the smart energy contracts settle immediately with guaranteed results, pinpoint accuracy and fairness.

By adopting this digital-energy solution,?producers and consumers alike can move away from ungainly fixed price contracts to more nimble variable tariffs and optimise production, storage and consumption.?Regulators and tax authorities are also in a position to collect tax revenues at source.

Energy service companies such as suppliers, aggregators and wholesale exchanges etc can cut considerable costs by streamlining their middle and back office functions.

Renewable energy farmers will be assured their anticipated revenues and create more accurate financial projections for further investments while customers will receive lower and more consistent electricity bills.?Commercial and domestic energy customers have an accurate record of exactly where their electricity came from.

Managing the balance of electricity between peak and low production/consumption cycles will be simplified and managed more efficiently.

Finally, ESG/SCR reporting will become accurate and quantifiable according to globally accepted standards such as the UNSDG (United Nations Sustainable Development Goals).?Individuals, communities and nations can set carbon emission targets and goals that measure and track progress in real-time using reporting dashboards.