This is an amazing project.
So as an individual investor - say, besides purchasing tokens that have some value for trade, I can decide to install a batch of solar panels in my neighborhood, right? Or even at my home, and if I have excess power - I can distribute it locally - and do it through Eloncity?
Or is it reserved to corporations? If yes - how am I going to be compensated?
Seems technically complicated, or is it really how this is going to work?
It aims to decentralize the electrical grid infrastructure and energy monopolies by replacing them with a hierarchy of blockchain-enabled microgrids. Those microgrids allow communities to store, trade, and consume locally-generated renewable energy.That is, most trading happens between stable groups of households in the same neighborhood or community. That allows us to scale the network by building side chains, each representing a microgrid. The system aims to achieve supply and demand balance within — and across — communities, reducing the need for very expensive peak generation power and the power transmission fees that plague the network today.
Reply from Eloncity CEO - Andy:
This is true, although the foundation has no intention to destroy the existing grid network as there are still plenty of communities which cannot generate all the energy they need. For instance, high-rise apartments in a cosmopolitan area cannot produce energy on its own. However, it can purchase energy from existing utilities at a constant rate and hence create no extra burden for the grid network. In fact, because of an energy storage system (ESS) at each residence, the apartment building can collectively reduce the load on the grid network by supporting its own demand through the discharge of these behind the meter ESS. If needed, these energy storage systems can feed energy back to the grid to suppress the energy demand during peak hours and earn rewards from utilities. The Ai Grid foundation believes that eventually, along with the grid service providers, we can make electricity the primary source of our energy and eliminate our dependence on fossil energy.
