The modern life relies on massive electric grids for powering anything from light bulbs to mass transit subways. Even with great strides in tech innovation, the current grid is mainly based on an old design. The design is basically a centralized grid architecture built on massive power generation plants within remote places that are linked to customer sites via a complex labyrinth of T&D network. The coordination of energy production in alternating current (AC) coupled with delivery via a complex T&D network is handled by independent system operators (ISOs) or regional system operators. ISOs are tasked to balance electricity consumption and production in real time as well as guarantee that the electricity generated remotely is delivered to customer sites without passing through congestions on the massive T&D network. Although existing electric power grids are considered “a marvel of engineering feats,” the highly complex centralized power grid design is becoming outdated. Centralized power grids encounter significant challenges in offering reliable, affordable, safe, and secure energy services.
Eloncity is decentralizing the power infrastructure into numerous self-sufficient microgrids. The locally generated energy is directly competitive to utilities and available 24/7. Energy rate becomes transparent to everyone. Individuals leverage Eloncity’s open technologies, making electricity virtually free and allowing them to electrify the world using clean energy.
Eloncity’s features include direct current appliances, Proof of Stored Power (PoSp), blockchain-powered trade system with AI algorithm, switching DC power bus, and smart energy storage systems.
The new appliances powered by DC enhance the competitiveness of locally generated renewable energy and eradicate repetitive power conversion. Energy storage systems with IoT techs balance the demands with supplies of locally generated renewable energy.
|Price||1 ECT = 0.12 USD|
|Soft Cap||10,000,000 USD|
|Hard Cap||33,000,000 USD|
|Whitelist/KYC||KYC & Whitelist|
|Restricted areas||China, United States|