Solar Energy Blockchain Ecosystem

P2P Energy Trading Platform

This trading platform will allow neighbours to trade their excess energy. The main advantage of the peer to peer energy trading marketplace is to ensure smooth operation of the ecosystem by offering balance of the energy distribution in the ecosystem. It will address the following problems in the current electricity network;

• Unnecessary loss of energy in a centralised grid during transmission.
• Poor Capacity utilisation.
• Adaptability and resilience.
• Excessive load in a centralised system.

Smart Meter

The Solarex Smart meter will come with unique technology that will enable it read data to the blockchain and give accurate and real time information to the energy consumer and to Solarex. The smart meter will come with load balancing system, it will be able to alerts users when their top-up is running low and needs to reload. The meter will be able to cut off or suspend an account without credit and reactivate the account when top-up has been made. Solarex Smart Meter will always synchronise with the Solarex mobile app. It will be able to perform wireless communication with Solarex control system using Internet of things (IOT) technology. The Smart Meter will address the following problems;

• Energy theft – Smart meter will detect any bridge in the network.
• Lack of transparency and security in energy transactions – Smart meter will give accurate energy consumption and users will be able to get real time report of their energy data.
• Poor capacity utilisation in a critical pain area – Smart meter will ensure the actual energy purchased is delivered to consumer. Excess energy will be read by smart meter and referred into the grid.
• Adaptability and resilience – The Smart meter will be able to isolate a line in the grid that has fault and allow the other part of the grid to function without fully disruption of energy supply to that network. There by avoiding total and regular blackout.

Smart Micro Grid

The Smart Microgrid will solve the following problems;

• Absence of grid power in remote locations – Microgrid can be setup in any small settlements to take cake of energy distribution in a locality.
• Safety and Reliability – Solarex Microgrid will be below ground in most cases and if a microgrid is down, it will not affect other microgrid unlike the centralised network.
• Adaptability and resilience; regular blackout from power failure – Solarex microgrid will also contribute to solving this problem as Solarex grid is a smart one that will detect any problem and relay messages to operator in Realtime. Each grid is a segment of its own and cannot affect operation in another grid.
• Unnecessary loss of energy in a centralised grid during transmission – Solarex is using latest technology and Solarex smart grid has inbuild parameters to help curtail this problem.

AI and IOT Technology

Solarex will impliment IoT and AI in the Ecosystem to develop an advance smart metering which will in the lead to a more efficient energy production both in terms of cost and logistics.
The Use of AI and IOT will eliminate the following problems;

• Unnecessary loss of energy in a centralized grid during transmission: The use of Artificial Intelligence (AI) in the Solarex ecosystem means the Solarex energy network will be very intelligent and be able to determine factors consumer consumption habit, consumers distant from nearest solar energy generating point. These data will be used by Solarex to deliver better services.
• Poor capacity utilization in a critical plain area: The use of AI will ensure that the right amount of energy is delivered to the right consumer.
• Adaptability and resilience; regular blackout from power failure: The IoT provides the intelligence for you to identify issues in real time, as the error occurs so the source can be located and resolved quickly.

Project Financing Platform

The platform will showcase projects that need funding, and investors will be able to invest directly to the project of interest on the platform using Solarex Utility token and any other approved payment method. Investors will be able to see the what they will get as Return On Investment.

Solarex Project financing options will solve the biggest problem –Market entry barriers both as a producer and as a consumer (eg, financing and Setup charges). Resolving the problem of financing project will create room for wider adoption of Solarex ecosystem, thus more people, communities, villages and towns will have equal opportunity to access energy.

Solar farm and Rooftop Solar PV

Environmentally friendly, sustainable energy will be generated right in the consumers home using the Roof Top Solar PV and locally from a the Solarex Solar Farm. This locally produced solar energy will to a large extent solve the problems below;

• Environmental and public health; Major hazards from the polluting energy sources – Energy will be generated from the Sunlight, thereby eliminating the burning of fossil fuel or use of nuclear (Radioactive) elements to generate energy.
• Access to energy inremote location – there will no longer exist the need to transport energy over a long distant to remote location.
• Centralisation problems – energy will be generated in a decentralise method and it will eliminate ineffectiveness of the centralised grid.
• Unaffordable energy cost – solar energy is one of the cheapest forms of energy generation as such the problem of high cost of electricity will also be eliminated.
• Energy theft – Solarex Ecosystem will eliminate energy thieves with the home-based energy generation will put an end to energy theft.