The App is looking good in Closed Beta stage. We are in process of integration with Ring-Ring right now; after a successful integration with Ring-Ring it will be ready to go live.
A purpose of the EnergyCoin Dashboard in this phase is to show how friendly you are to the environment. Our goal is to motivate people to behave green, and we want to invite as many of you to do so as well. Our green behaviour partners would feed us with your environment-friendly actions that we would display in our App. Amount of Bicycle Bits you earn from Ring-Ring would be expressed in ENRG, which represents your green behaviour, and your CO2 savings would be stored as carbon credits on the blockchain.
Dashboard page of the application
Upon a successful registration, login and doing some Ring-Ring activities your Dashboard Page could look like this.
On the dashboard you can see CO2 prevention by riding a bike for every day since you registered. You can follow your green behaviour in ENRG and/or Bicycle Bits, and value of ENRG in Euro.
App will be free to use!
This update was also published at Medium
EnergyCoin Foundation joins research project University Utrecht: store peer-to-peer energy transactions on the EnergyCoin blockchain
On 1st of December the B-DER project has started. EnergyCoin Foundation is a partner in the research project together with Utrecht University and Resourcefully. We are going to build a framework for smart flexible energy infrastructure: a Blockchain-based platform for peer-to-peer energy transactions between Distributed Energy Resources.
The energy production landscape is being reshaped by distributed energy resources (DER), such as solar panels, battery energy storage, electric vehicles and charging stations. The rapid deployment of these distributed energy resources calls for management schemes of these resources to guarantee grid reliability in the future. Proposed control schemes, such as demand response, assume that the operation of DER will be centrally managed by an aggregator or a cooperative utility. However, these centralized control schemes suffer from scalability issues when the number of DER increase significantly. In addition, it is unclear how these management systems work in the face of incentive issues or regulatory shortcomings.
This project will develop a platform to enable peer-to-peer energy transactions between DER, allowing households, with energy generation capabilities, to trade energy with each other. Besides trade can also involve other DER in the neighbourhood, such as EV charging stations, in a distributed, optimal, verifiable and secure fashion. To achieve this mission, the project partners will develop an optimization algorithm that allows households to minimize their electricity cost and maximize benefits from their PV system while at the same time ensuring a profitable charging price for EV charging stations owners.
To enable secure and verifiable energy transactions between entities, we will implement the optimization algorithm on a blockchain architecture. The project assesses the technical and economic potential of the developed platform using actual data of households’ demand and PV generation profiles, as well as EV charging stations demand in a residential neighborhood in Amsterdam. The assessment will be analyzed for different penetration levels of DER currently and in the future and under different electricity pricing and support schemes.
The EnergyCoin Foundation will share their experience on blockchain technique, cryptocurrencies, local climate policy and climate communication.
This update was also published on Medium