PRE-ICO coming soon!
Empower people through digital technology, in a community economy, to freely and efficiently produce and consume, and securely trade green electricity in a decentralized network.
Provide the most reliable, efficient, and secure technical solution for decentralized grid management and peer to peer trading of electricity.
WE ARE USING
Increase of DERs (Distributed Energy Resources) in a single utility Grid will impact the quality of the Grid and create a complexity in managing the surplus production in a centralized manner.
Centralized Grids are unable to manage intermittency of renewable energy which causes operational difficulties, unexpected imbalance between energy demand and supply, and lowered power quality
More and more utilities are preventing value capturing for prosumers of the surplus production.
Smart metering systems pose a lot of challenges to the protection of personal data and privacy issues requiring a legal framework and special architectures that are yet vulnerable
Trading Energy requires a new method of payment secure and less costly than mobile payment or others
Serious vulnerabilities in smart electricity meters continue to expose both consumers and electric utilities to cyberattacks
✓ Decentralized Distribution Management System using MicroGrids for better Grid control and stabilization, and enhancement of power quality
✓ Many architectures are in the control of the DERs in a single MicroGrid. They can range from fully centralized control where all decisions are made by a single central controller, to completely decentralized controls where all decisions are made by the local DERs
✓ Peer to Peer (P2P) trading platform and Smart Hubs/Meters to better balance the Grid and enable users to trade excess energy
✓ Using BlockChain technology in exchanging data in P2P trading or Energy Management in the Grid will secure the personal data, ensure privacy and increase trust.
✓ BlockChain Technology will lower transaction costs, help speed and secure transactions
Via three interdependent business units, Electrify Network will produce green electricity, allow peer-to-peer electricity trading, and contribute in building self-sustained smart cities pilot projects.
Catalyst will be the first stone of this momentum. By easing the process of investing in renewable energies and offering efficient solutions to ensure a local production of electricity, Catalyst wants to participate in the increase of the global electrification rates, and initiate a circular economy with electricity as the most valuable asset.
Thanks to Powerchain, we will offer an efficient solution to manage the grid and avoid energy waste during peak hours. This will insure an easy and affordable access to electricity.
We believe that electricity is a milestone for development. By ensuring a smart energy solution, we would contribute to the development of smart cities. But our ambition doesn’t stop there and we are building a whole framework for Utopia.
In the previous emPower Africa article, we talked about how Africa is trembling its way to economic growth, and we came to the conclusion of developing the energy sector being Africa’s ticket to economic and social prosperity, or more properly a better Africa, and that a better Africa would only happen if both government and investors unite efforts to develop the continent’s huge electricity capacity/need.
It is no secret that the economic growth and electricity supply of any given country are highly correlated, and if Africa is to reach the economic prosperity it hopes for, it would definitely need a huge amount of power to fuel the increasing demand for electricity it...
In this article I’m going to talk about why we, Electrify Network are implementing the blockchain technology in the energy sector.