Eloncity: Decentralized Renewable Energy Architecture

Eloncity: Decentralized Renewable Energy Architecture

Energy efficiency is one of the most important approaches to reducing electricity consumption. Information and communication technology (ICT) play an increasingly important role in achieving higher efficiency targets. In particular, smart grids can achieve energy efficiency by integrating information technology and the interactions between suppliers and customers. Smart grids have been used since 2005, when Amin and Wollenberg (2005) introduced the concept of smart systems in electricity networks. Smart grids help in avoiding the problems of traditional systems, such as transmission loss, inefficiency, unbalanced supply and demand in peak time, and interdependency among the components of the network.

The improved flexibility of the smart grid network helps to develop different kinds of renewable energy sources, such as solar and wind power. The smart grid enables households to have their own devices to produce renewable energy and trade their surpluses of electricity. Furthermore households can manage their electicity consumption by using intelligent control systems.

Problems of modern centralized power Grid

The original institution and design of the electicity network was novel and exciting, but as society continues to develop and demand for electicity is ever on the rise, power delivery infrastructures are suffering due to a number of factors:
  1. An obsolete layout. The current system layout is beyond inadequate when it comes to meeting the rising electricity demand in older areas, requiring additional substation sites, and a complicated system of crisscrossed wires that aren’t getting the job done.
  2. Outdated Engineering. When plans for the current system were drawn up, no one could have anticipated the major changes in power delivery that the future would bring.
  3. Environmental concerns. Though the environmental impact varies by energy source, centralized energy generation contributes to a number of concerns, like air pollution, water use and discharge, land use, and waste generation.
  4. Efficiency. Much of the total energy content of fossil fuels burned at centralized plants is wasted in the process of generating power, and delivering it over long distances to customers.

The Eloncity Model, making the difference.

The answer envisaged here is a multifaceted approach that uses decentralized renewable energy resources to eliminate the challenges on the way to attaining an energy future that is desirable. Decentralization consists of small plants or even microgenerators that produce power close to its point of use, rather than relying on a central, distributed power grid. The aim of the eloncity model seeks to leverage on the following:
  1. An optimal performing blockchain technology that makes for an open, reliable and distributed ledger for efficient recording of transactions in the ecosystem.
  2. A local token – Eloncity Token for local energy exchange.
  3. An intelligent networked battery energy storage system (BESS).
  4. A community-based renewable generation, like a solar PVs together with an intelligent networked BESS.

Also to be an important part of the model is a community-driven planning and implementation that will ensure success of the community’s move into a great future of energy that is not only sustainable but also regenerative. It’s an all inclusive model to addressing the challenges in the power sector.

Useful Link:          Website | Whitepaper | ANN Thread

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