Welcome to CryptoNewsICO,
on this occasion I will discuss Eloncity Project. Why am I writing about the Eloncity
Project?
Because I am sure you
will need this project in your life very much, this project is very useful for
us all around the world.
Yes please, you guys on
the Eloncity project.
INTRODUCTION
PURPOSE
The purpose of this
document is to provide a high-level technical overview of the Eloncity Model
for decentralized renewable energy projects. It assumes that the reader has a
basic understanding of cloud computing, energy industry, decentralized
applications, blockchain technology, crypto utility token, project financing,
community development, energy regulatory and policy. A list of resources is
provided for those who would like to develop a foundational understanding of
blockchain technology and crypto utility token.
SCOPE
This document provides an
overview of the Eloncity Model, a community-based decentralized renewable
energy platform powered by blockchain ecosystem for building and deploying
decentralized energy resources. It describes fundamental problems that the
Eloncity Model seeks to address, key building blocks of the Eloncity solutions,
target markets, and an implementation roadmap for realizing the Eloncity
vision. The information in this document is intended for informational purposes
only. Eloncity may make improvements or changes to the products, architectural
design, or programs described in this document at any time without notice.
TECHNOLOGY
OVERVIEW
Figure 1 displays the key
technology building blocks of Eloncity Decentralized Energy Architecture
(EDEA), an ecosystem of decentralization technologies and crypto economic tools
to enable the shared regenerative energy economy. The modular design
facilitates tailored deployment of Eloncity microgrid for diverse communities
around the world. An optimal Eloncity configuration would be a direct current
(DC) microgrid serving customers within a one-mile radius. This microgrid uses
the DCBus Scheduler to manage the power flows in the community. The shared
resources in an Eloncity microgrid would be locally generated renewable energy,
and the equipment such as BESS, PV arrays, small wind turbines, electric
vehicles, DCbus Schedulers and other decentralized renewable energy assets.
Eloncity microgrid
resources sharing help to maximize asset utilization rate and accelerate the
return-ofinvestment of the assets. The blockchain exchange platform, or the
Eloncity Token Protocol (ECTP), functions as the open and secured public
accounting ledger. This ledger would track the transactions of community
resources sharing and the sources of delivered electricity, renewables or
fossil fuel. The ECTP is an enhanced Ethereum blockchain platform that supports
high-volume high-speed transactions. The ECTP smart contract equitably
allocates the cost-benefits based on where and when the shared resources are
used. To support optimal local energy supply and demand, Eloncity’s artificial
intelligence (AI) technology and community network10 provide real-time
information on local energy pricing to participating community members to aid
in informed decision making. Each community member can set his or her own
purchase prices for needed energy, and sales prices for the excess energy. The
design’s objective is to optimize localized energy supply and demand in
real-time. For microgrids that cannot satisfy their own demand with locally
produced renewable energy, they can import energy more cost-effectively given
that their energy demand is stable and predictable. A microgrid that continues
to rely on imported power to meet their demand is called transitional
microgrid. While a self-sufficient microgrid is a long-term objective, the
transitional microgrids can dramatically reduce the operational cost of
existing centralized grids in the near-term and help to reduce cost-burden to
the ratepayers. Additionally, Eloncity Model includes a crypto utility token,
Eloncity Token (ECT), to facilitate local energy exchange and incentivize investment
in battery energy storage system (BESS) for storing newly harvested renewable
energy, as well as creating an open global marketplace for renewable energy
products and services.
ELONCITY
TECHNOLOGY BUILDING BLOCKS
CRYPTOECONOMIC FRAMEWORK
In centralized grids, the
utility uses time-of-use (ToU) retail energy rates to influence customer energy
consumption behaviors. However, the existing ToU rates are generally coarse,
lacking real-time locational information of the supply system and customer
demand conditions to effectively optimize energy demand and supply. These
retail ToU rates are rudimentary with simple on-peak and off-peak prices based
largely on central planners’ approximation of future supply and demand. The ToU
rates apply uniform pricing to all customers within each customer class across
the entire service area, regardless of the supply and demand condition at
customer sites. Even the sophisticated energy wholesale markets, such as
California, rely on dayahead data for the system supply and demand planning.
The results of the existing approach to balance energy supply and demand are a
highly inefficient oversized system and costly reserved generation capacities
that stand idle most of the time. On the other hand, Eloncity Model uses a
cryptoeconomics framework to help determine a granular real-time locational
energy price for optimizing the energy supply and demand at an individual
customer level.
The recent innovations in
blockchain technology and cryptoeconomics engineering designs have enabled the
development of Eloncity energy exchange platform that combines high-speed
community network with intelligent hardware, software and crypto utility
tokens. The Eloncity energy exchange platform supports an open and secure
energy exchange network for efficient real-time machine-to-machine energy
exchange. The Eloncity microgrid will be covered with a network of sensors to
detect real-time energy generation and consumption. Additionally, the Eloncity
Model uses AI algorithm to predict the elasticity of local energy supply and
demand, determine fair local energy price, and issue real-time market price
signals to customer-BESS for automatic energy export or import energy based on
customer preferences. The overarching goal is to use the real-time equilibrium
price signals to automate exchanges of local renewable energy amongst customer-owned
energy assets (i.e., dispatchable loads, energy storage, renewable generations,
etc.).
Real-time dynamic pricing
is a highly effective tool to optimize elastic energy supply and demand. Like
many commodities, power producers will export more energy into the network,
through previously stored energy or increased power generation capacity, when
the price is high. At the same time, energy consumers will increase energy
consumption when the price is low. As shown in figure 4 below, there is an energy
price equilibrium that balances power supply and demand at any point in time
and a given grid network.
Eloncity’s proposed
locational real-time energy pricing framework tackles the foremost challenge of
geospatial and temporal mismatches of renewable energy supply and energy demand
throughout the existing grids. The Eloncity Model integrates intelligent
networked BESS, local renewable generations, local power flows management
system with an open and secured exchange network to attain optimally balanced local
renewable supply and customer demand in each microgrid. The Eloncity Model also
incorporates incentive designs for fully automated real-time inter- and
intra-microgrid energy exchange.
Information
ICO
Ticker: ECT
Token type: ERC20
ICO Token Price: 1 ECT = 0.12 USD
Fundraising Goal: 33,000,000 USD
Total Tokens: 1,000,000,000
Available for Token
Sale: 32%
Know Your Customer
(KYC): YES (PERIOD ISN'T SET)
Сan't participate: CHINA, USA
Min/Max Personal
Cap: 0.1 ETH / 3 ETH
Accepts: ETH
Okay now we are at the
end of the article, my suggestion please you visit the official website,
whitepaper, and their official media below to get more information. Thank you
for visiting my website, see you later.
Website : http://www.eloncity.io/
Whitepaper : https://goo.gl/883Fxd
Facebook : http://bit.ly/2IkbugH
Twitter : http://bit.ly/2wFScx3
Telegram : http://bit.ly/2rJxy9u
Ann Thread : https://bitcointalk.org/index.php?topic=4465922
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