Blockchain Powered Energy Solutions
Our ultimate goal is to make peer-2-peer energy trading of renewable sources a reality, radically reducing the environmental impact of current energy consumption and empowering consumers to become true ‘prosumers’ for the first time in the industry. While enthusiasm for renewable technologies such as solar PV is unprecedented, high upfront costs and inhibiting optimal usage are some of the challenges preventing wider market uptake. We want to bring clean energy sources to the masses. And that’s why we’ve developed a blockchain system using our artificial intelligence technology that can allow consumers to buy, sell or swap excess solar power directly with one another, completely decentralising the grid.
The system works in the favour of both those who have been able to invest in roof-top solar and those who want access to clean energy at an affordable rate, bringing to life a completely revolutionised structure that minimises our dependence on the grid.
Our home energy assistant, Verv, samples electricity data directly from a meter in the home at extremely high frequencies, enabling us to fully disaggregate the data and identify individual electrical appliances currently turned on, in real-time, out of the box.
We’re able to see the power consumed by each appliance, and map behavioural data based on its usage and performance, to detect whether it’s deteriorating and how eco friendly it is. Using this data, the system can predict how much electricity will be required by the home, as it knows what appliances are likely to be in use and what electricity they will require.