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.
OVERVIEW
Our modern life depends
on the vast electric grids to power everything from light bulbs to mass transit
subways. 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). The ISOs must balance not only the electricity
production and consumption in real time, but also ensure the electricity
produced remotely is transported to customer sites without running into
congestions on the vast T&D network. While the current electric power grids
are a marvel of engineering feats, this enormously complex centralized power
grid design is showing its age. Today’s centralized power grids face
significant challenges in providing safe, reliable, secure, and affordable
energy services.
PROBLEMS
OF MODERN CENTRALIZED POWER GRID
Environmental and Public
Health Problems, California October 23, 2015 – The
underground natural gas storage located in Aliso Canyon (Los Angeles) had a
massive leak1. This storage facility is the second-largest natural gas storage
facility of its kind in the United States, and it supplies gas to electric
power generation plants throughout Southern California. The leak problem was so
dire that it prompted California Governor Jerry Brown to declare a state of
emergency on January 6, 2016. This Aliso Canyon incident created the
environmental disaster that was estimated to be larger than the Deepwater
Horizon accident in the Gulf of Mexico. It was assessed that the Aliso Canyon
gas leak released approximately 5.3 gigatons of harmful methane gas into the
Earth’s atmosphere, or equivalent to about 12,800 years of the total annual
emission of the entire South Coast Air Basin in Southern California. The power
utilities in Southern California implemented contingency plans in anticipation
of the natural gas shortages for powering the local gas-based electric plants.
In the meanwhile, the local residents reported headaches, nausea and severe
nosebleeds. About 50 children per day saw school nurses for severe nosebleeds.
By January 2016, nearly three thousand households or about eleven thousand
people had been temporarily relocated while more than 6,500 families have filed
for help. There are other numerous but disastrous centralized grid accidents such
as the Chernobyl and the Fukushima incidents. In the Chernobyl nuclear power
plant catastrophe2, over 300,000 people were forced to relocate permanently.
This nuclear accident released traceable airborne radioactive particles in all
countries in the northern hemisphere. As
these few examples attest, the centralized grids pose increasingly unbearable
impacts to the environment, health, and safety of the people that it serves.
Safety and Reliability
Problems, California September 8, 2011 – A
deficient equipment maintenance procedure at a transmission switch station in
Yuma, Arizona, initiated cascade grid power failures that left more than seven
million residents without electricity, from San Diego County to western Arizona
and Tijuana3. This major incident exposed the inherent susceptibility of the
centralized power grid to point-vulnerabilities. Like the Aliso Canyon gas leak
incident, a failure at one single point on the centralized power grid could
cause adverse impacts to millions of customers over vast areas. Whether natural
or human-induced accidents at any vulnerable points that could be located
anywhere on the complex centralized power grid sprawling over the vast
geographical areas, the existing power grid’s ability to guarantee safe and
reliable energy services looks to be increasingly challenged.
Adaptability and Resilience,
Melbourne, January 28, 2018 – More than 10,000 homes in Australia’s second most
populous state were stuck without power as a surge in power demands from the
scorching heat wave overloaded the grid4. This blackout was caused by a power
network failure, rather than supply shortages. It impacted more than 50,00
homes. This came less than a year after Australia’s largest City, Sydney, was
hit by blackouts during another heat wave. During an intense heat wave, power
demands can precipitously peak as customers increase their air conditioning.
Meanwhile, the grid T&D wires and electric power plants experience reduced
electricity transmission and generation due to increased ambient temperature.
In the foreseeable future of climate change, cities around the world are
expected to experience growing incidents of grid failures due to adverse
weathers. From heat waves in Australia and California to frigid winter spells
in the northeastern US, to hurricanes Katrina, Sandy, Rita or Maria, we have
witnessed repeated episodes of massive grid failures due to the system’s
inability to adapt and absorb the disruptions brought about by
climate-change-induced events.
Unaffordable Electricity
Cost, USA April 14, 2016 – According to a study by
Groundswell, a nonprofit renewable energy advocacy group, the cost of
electricity is increasingly burdensome for America’s working class. The study
reports the bottom 20 percent of earners spend about 10 percent of their income
on electricity5. There are a few reasons for centralized grid’s high costs of
electricity: (a) Five to nine percent6,7 of the total energy produced is lost
during the electricity transmission and distribution. As discussed above, the
T&D losses amplified during hot weather spells due to increasing resistance
in the T&D wires and equipment as temperature rises; (b) the electricity in
AC is relatively complex which requires numerous supporting resources, called
ancillary services, to ensure the delivered powers at customer sites remain
within the required power quality limits. Examples of ancillary service would
be frequency regulation, and voltage-level regulation. Unfortunately, the
required ancillary services for the centralized AC grid are costly and account
from three to seven percent of the total electricity bill8; (c) Capacity
services to ensure adequate power generation capacity to maintain grid
reliability during periods of peak demand. The capacity services or standby
capacity reserve are compulsory because the today’s power grid lacks real-time
coordination of customer power demands with the system’s available power
supply. In another word, since the real-time management of power demands at
customer sites lacking, the centralized grids procure excess generation
capacity to standby just in case they are needed. These capacity services are
also costly and can add up to 15 percent of the total bill9. These examples are just a few of the innate
and costly inefficiency of the centralized AC power grid design that drives up
the cost of electricity for all ratepayers.
THE
SOLUTION - THE ELONCITY MODEL
With the challenges of
natural disasters, population growth, and climate change, new approaches to
energy production and distribution are needed. The solutions must warrant
vibrant and sustained growth for all. AI Grid Foundation (Foundation) is a
non-profit organization based in Singapore who advocates for employing
decentralized renewable energy as a possible pathway to address the problematic
centralized AC grids as mentioned above. The Foundation has collaborated with
global organizations and local communities to develop the Eloncity Model; a
multifaceted solution that employs decentralized renewable energy resources to
eradicate barriers to attain safe, healthy, vibrant and equitable energy
future.
Decentralized renewable
energy is employing locally available renewable resources, such as solar or
wind power, to produce electricity locally where it is consumed. 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.
The proposed Eloncity
Model integrates advanced technologies, best practices and lessons learned to
create a scalable and replicable recipe for unleashing the potential of the
community-based renewable microgrid to attain a more vibrant regenerative
energy future. The Eloncity Model builds upon four key pillars:
1.
A decentralized renewable energy
architecture, which comprises of:
• A high-performance blockchain technology
platform that provides an open, secured and distributed ledger for efficient
recording of high-volume and high-speed energy transactions in the community.
The blockchain platform also enables the Eloncity community to establish an
auditable record for tracking the sources of electricity generation in the
community, renewable or fossil fuel. The auditable tracking of electricity
generation sources is critical for valuation of electricity based on generation
sources and monitoring the community’s progress toward de-carbonization.
Fundamentally, the blockchain platform will allow for increased collaboration
and sharing of resources in mitigating the entrenched barriers to market-wide
adoption of decentralized renewable energy.
• A crypto utility token (Eloncity Token,
ECT) facilitates local energy exchange and incentivize investment in battery
energy storage system (BESS) for storing harvested renewable energy, as well as
creating an open global marketplace that enables communities around the world to
access advanced renewable energy products and services. Similarly, renewable
energy product and service providers benefit from the leveled and equal access
to a unified marketplace to promote their offerings. The token helps break down
siloed markets and liberate deeply rooted constraints to bring more communities
into the shared regenerative economy. In essence, the token opens up new market
channels for efficient linking of resources and innovative products to energy
consumers.
• An intelligent networked battery energy
storage system (BESS) deployed on the customer premise harmonizes local
electricity supply-demand. BESS mitigates the needs for costly capacity and
ancillary services. Additionally, BESS also helps to flatten intermittent
renewable generations into predictable, reliable and dispatchable renewable
resources. The target outcome is to make the energy infrastructure more
adaptive, efficient and reliable.
• Customer-sited or community-based
renewable generation, such as solar PVs coupled with an intelligent networked
BESS, would fulfill all or nearly all the local energy demands. The locally
produced renewable powers would eliminate or significantly lessen the needs to
transport remotely generated powers through the vastly complex and often vulnerable
centralized grid’s T&D networks, while at the same time eliminate losses
from transporting remotely produced electricity to customer sites. Producing
energy locally where it is needed is decentralized energy. It simply side steps
pointvulnerabilities and inefficiency inherent in centralized grid
infrastructures to deliver more secure, resilient and affordable energy
services.
• Community DC power network uses the
renewable DC power more efficiently by eradicating energy loss from repeated
AC-DC-AC conversions as well as eliminating the needs for costly AC power
ancillary services. DC electricity does not require complicated and costly
support such as frequency regulation or reactive power services. The Eloncity’s
proposed local DC power grid includes the DCBus Scheduler that optimizes the
local electricity distribution at the individual customer-premise level in
real-time. In summary, the local DC grid, DCBus Scheduler together with the
networked BESS would remove the need for costly ancillary services while
eliminating the loss from repeated AC-DC-AC conversions. All these technical
innovations seek to improve the affordability of electricity for all.
2.
Community-driven planning and
implementation warrant the enduring success of the community’s transition into
the sustainable, regenerative energy future. Since a community must live with
this energy future, it is imperative that the community has a participatory
role in defining and creating this new energy future. Additionally, the focus
on the local community and its participating stakeholders will propel Eloncity
implementation on five fundamental levels; a) community adoption; b) social
application; c) measured impacts; d) localized roadmap for continued growth and
success beyond initial implementation; e) leverage lessons learned to
accelerate wide-scale replication of Eloncity Model.
3.
Combined performance-based projects with
revolving loans fund create an effective strategy for mobilizing the private
capitals to drive wide-scale adoption of decentralized renewable energy. The
Foundation will collaborate with financial partners, government agencies, and
other key stakeholders to establish revolving loans. The revolving loans’ goal
is to contribute to the upfront capital for initiating the project in
communities that lack access to such funding. The performance-based projects
demonstrate their merits by producing real and meaningful energy bill savings
for the community members while generating the required return-of-investment to
pay back the startup loans. The repaid loans will be used to finance the
subsequent Eloncity projects. This component ensures all Eloncity project are
attractive investments and helps to mobilize private capitals to accelerate
energy decentralization.
4.
A collaborative and equitable regulatory
framework facilitates leveled-field markets to mitigate imbalanced market
powers, unleash market innovations, protect the energy consumer, and support
the local economy. The regulatory framework must ensure fair market access for
innovative market players and guide market-driven solutions to provide: (a)
safety for the community and those that live and work in it, (b) reliable
energy services that support vibrant community development in the face of
climate change, (c) cost-effective energy
services that are affordable to all, including low-income families, and
(d) sustained success of the community
transition into the healthy and safe regenerative energy future, and (e )
ensure no community will be left behind as the world accelerates into the clean
regenerative energy paradigm.
Fundamentally, this component empowers the local governments and city
planners with more tools to fulfilling their mandates by leveraging innovative
solutions that Eloncity offers, especially in linking clean renewable energies
with city planning and local economic developments.
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
Eloncity Features
DECENTRALIZED
RENEWABLE GENERATION
Whether electricity
generation is decentralized energy depends on where it is generated.
Decentralized energy system generates electricity where it is needed. On the
other hand, the centralized grid generates electricity in large remote power
plants, then the electricity must then be transported over long distances at
high voltage to the customer sites for consumptions. It does not matter what
technology is employed, whether it is used in connection with an existing grid
or a remote village, or whether the power comes from a clean renewable source
or burning fossil fuel or a nuclear power plant: if the electricity generator
is ‘on-site’ or ‘locally’, then it is decentralized energy. This means that
decentralized energy could include technologies that polluted the environment
such as diesel generators. However, the Eloncity Model builds upon the premise
of using local renewable energy to fulfill local demands.
The Eloncity Model
employs local renewable resources to mitigate risk to the environment and
public health while increasing the local power system resilience and
adaptability. The renewable generation technologies of Eloncity Model include
solar PV, windmills plus other generation technologies optimized for local
renewable resources and suitable for deployment in the target community.
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.
Whitepaper : https://goo.gl/883Fxd
My Profil : https://bitcointalk.org/index.php?action=profile;u=1929863;sa=summary
