What is ELONCITY?
ELONCITY decentralizes our power infrastructure into millions of self sufficient microgrids. Locally produced energy is available 24/7 and directly competitive to utilities. Energy price becomes transparent to all. People use eloncity’s open technologies to make electricity virtually free so that we can electrify the world with clean energy.Eloncity platform energizing the blockchain ecosystem for building and developing decentralized energy resources. To understand the content clearly, terminology related with Eloncity ecosystem is highly significant.
Main Feature of ELONCITY
- Blockchain-based Trade System with AI algorithm Blockchain based trade systems make energy trade transparent while AI algorithm finds fair market prices in realtime as reference.
- Smart Energy Storage Systems
Energy storage systems with IOT technologies balance the demands with supplies of locally produced renewable energy.
- Switching DC Power Bus
The new last-mile network helps remove peak load permanently.
What is The Solution of ELONCITY
Unified and Efficient Energy Marketplace – Eloncity Token facilitates an open market that enables communities around the world to exchange energy and shared-resources locally and also to access the unified network of global renewable energy products and solutions.Eloncity challenges of natural disasters, population growth,
and climate change, new approaches to energy production and distribution are needed. The solutions must warrant vibrant and sustained growth for all. AI Grid Foundation (Foundation) is a non-profit organization based in Singapore who advocates for employing decentralized renewable energy as a possible pathway to address the problematic centralized AC grids as mentioned above. The Foundation has collaborated with global organizations and local communities to develop the Eloncity Model
ADVANTAGES of Eloncity Platform
- Open and Secured Energy Transaction – The ECTP or blockchain platform provides an open, secured and distributed ledger for efficient recording of the transaction of energy services in the community in verifiable and immutable manner. The blockchain platform also enables Eloncity to establish an auditable record for tracking the sources of electricity generation in the community, whether it is renewable or fossil fuel.
- Lower Costs – The Eloncity Model is designed to lower Eloncity community energy expenditures over the project’s useful life. The energy expenditure savings are achieved by the combination of (a) Local DC grid network within each community
- Increased Safety – The Eloncity’s renewable generation and BESS reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, gas poisoning, and are quite likely available for only the limited amount of time while gas/diesel is available.
ELONCITY Technolozy Features
Figure 1 displays the key technology building blocks of Eloncity Decentralized Energy Architecture (EDEA), an ecosystem of decentralization technologies and crypto economic tools to enable the shared regenerative energy economy.
Figure 2: Eloncity Decentralized Energy Architecture
Eloncity microgrid resources sharing help to maximize asset utilization rate and accelerate the return-of- investment of the assets.
Figure 3: Energy Supply and Demand Equilibrium
Eloncity’s proposed locational real-time energy pricing framework tackles the foremost challenge of geospatial and temporal mismatches of renewable energy supply and energy demand throughout the existing grids.
Eloncity POWER FLOW MANAGEMENT
The Eloncity hierarchical blockchain network is a decentralized processing network. This blockchain network uses a unified utility token so that the energy valuation can
be determined consistently across the entire microgrid, and the tokens will be used among the Eloncity microgrids for inter-microgrid energy exchange. Additionally, we also recognize EVs will be roaming from microgrid to microgrid, and hence the ECT can be used as a token to access EV charging when it travels outside its home microgrid.
Eloncity Token Sale Information
|Token Price||Minimum Purchase||Maximum Purchase|
|0.12$||0.1 ETH||3 ETH|
The ECTP is based on blockchain technology to create a highly efficient and trusted community-based electricity exchange platform. It also specifies hardware devices and power network requirements for peer devices to exchange electricity on the blockchain platform.
Eloncity TEAM members
OFFICIAL LINKS OF ELONCITY
Content Creator Profile
Identification link; http://eloncity.io/?utm_source=Facebook&utm_medium=Bounty&utm_campaign=F001817