Introduction about Eloncity
This document is provided summary of the Eloncity Model for decentralized renewable energy projects.
Nowadays, we use more electrical grids to power many things. Despite tremendous strides in technological innovation, the existing grid is largely built on an aging design. This design is essentially a centralized grid architecture based on large power generation plants in remote locations that are connected to the customer sites through a complex labyrinth of transmission and distribution (T&D) network. The coordination of electricity production in alternating current (AC) combined with delivery through the complex T&D network is managed by regional system operators or independent system operators (ISOs).
Problems
- Environmental and Public health problems
- Safety and Reliability Problems
- Adaptability and Resilience
- Unaffordable Electricity Cost
Solution
Solar or wind power, is locally available renewable energy that is used for making energy. When energy customers in a community coordinate with each other to exchange energy and share energy equipment costs-benefits (e.g., solar PV, BESS, energy management system, and others) to access more reliable and cost-effective local energy supply, to maximize the utilization rates of the installed equipment for accelerated return-of-investment (ROI) and other benefits, they essentially create a community-based renewable microgrid. This type of decentralized community-based renewable microgrid holds tremendous potential for fortifying the centralized grids and solving the problems threatening our energy safety and security.
Eloncity Programmatic Dimensions
• Advantages
Open and Secured Energy Transaction
Unified and Efficient Energy Marketplace
Greater Reliability
Lower Costs
Increased Safety
Societal Benefits
GHG Emissions Reduction
Adaptation
Low-emission Vehicles/ Transportation
Economic Development
Environmental Benefits and Public Health
• Eloncitity’s target markets
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 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 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 the safe, secure and sustainable energy future; and
(c) are hard-to-reach and underserved communities. With a more reliable, secured, affordable decentralized renewable energy system, Eloncity microgrids aid underserved communities in rural areas to join the mainstream economy.
• Road Map
Phase 1
The Foundation collaborated with a coalition of global partners to develop key building block technologies for the Eloncity Model over the past four years. The collaborative efforts have resulted in commercial launches of intelligent networked BESS, energy management software, DC appliances and customer-sited renewable power generators. These building block technologies have enabled successful deployments of several hundred self-sufficient buildings.
Phase 2
The Foundation will collaborate with research and education institutions, public agencies, local governments, local utilities, global technology partners, financing partners, and community-based organizations to demonstrate fully functional Eloncity Model in real communities throughout the world. The Eloncity Model will be the integration of Phase-1’s building block technologies with three additional building blocks: the blockchain protocol (Eloncity Token Protocol or ECTP) and crypto utility token (Eloncity Token or ECT) to support community energy exchange, community capacity development for the planning and implementation of renewable microgrids, performance-based project financing with revolving loans, and a decentralized regulatory framework to support market-driven decarbonization. The pilot sites will be in diverse geographical regions to demonstrate the replicability of Eloncity’s universal design in meeting the unique needs of diverse energy markets. Key outputs of Phase 2 will be the recipe for replicating Eloncity Model. The Foundation will publish best practices, lessons learned, and project energimplementation processes to assist communities in adopting and implementing the Eloncity Model.
Phase 3
The Foundation will focus on massmarket transformation to proliferate the Eloncity Model to all targeted markets globally.
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