If viewed from the roadmap I think this project is prepared in such a way that the project is successful. and I think this is really a long-term project. good luck
where will eloncity project takes off? from the ceo's linkedin profile, eloncity is under singaporean laws? and if you want to use the eloncity services, is the price competitive over your local energy supplier?
Reply from Mike:
The potential markets for the Eloncity Solution would be areas that are being served by fossil fuel and the nuclear powered centralized grid, or areas that lack electricity services. Eloncity’s market penetration strategy intends on providing full turnkey solutions in areas that lack electricity infrastructure, while simultaneously offering tailored Eloncity solutions to incumbent utilities to address the chronic challenges facing the existing centralized
grids. The restructuring of existing utility regulatory regimes is not a prerequisite for the success of Eloncity market transformations.
During the initial market development phase, the Foundation will focus on disaster-prone and rural areas because these areas: (a) either have no electricity services or are the areas most vulnerable to electricity service disruptions, which would benefit the most from the Eloncity Model; (b) typically lack the local capacity to plan and create a safe, secure and sustainable energy future; and (c) are hard-to-reach and underserved communities. With a
more reliable, secure, affordable decentralized renewable energy system, Eloncity microgrids aid underserved communities in rural areas to join the mainstream economy.
Concurrently, the Foundation will collaborate with utilities in dense urban areas to provide the Eloncity Model to address pockets of constrained service areas on the centralized grids. During periods of high energy demands, the congested areas do not have the adequate T&D capacity to import needed electricity to meet the customer’s energy needs reliably. The traditional solution would include costly grid infrastructure upgrades and would re-commission
fossil fuel or nuclear power plants. On the other hand, the Eloncity Model produces renewable energy locally for local consumption, thus negating the need for costly upgrades of the centralized grid infrastructure.
And finally, is the price competitive over your local energy supplier? Our answer is a resounding YES!