What is Eloncity Project?

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What is Eloncity Project?

ELONCITY decentralizes our power infrastructure into millions of self sufficient microgrids. Locally produced energy is available 24/7 and directly competitive to utilities. Energy price becomes transparent to all. People use eloncity's open technologies to make electricity virtually free so that we can electrify the world with clean energy.

Eloncity wants to speed up the process of gigafactories can produce enough battery. Eloncity decentralizes our power infrastructure into millions of self sufficient microgrids.

Eloncity Features

Blockchain-based Trade System with AI algorithm:

Blockchain based trade systems make energy trade transparent while AI algorithm finds fair market prices in realtime as reference.

Smart Energy Storage Systems:

Energy storage systems with IOT technologies balance the demands with supplies of locally produced renewable energy.

Switching DC Power Bus:

The new last-mile network helps remove peak load permanently.

Direct Current Appliances:

New appliances, driven directly by DC, eliminate the repetitive power conversion and improve the competitiveness of locally produced renewable energy.

Proof of Stored Power (PoSp):

New mining scheme makes ESS investment grade financial property.

Why Do We Need Eloncity?

Our modern way of life depends on the vast electric grids that power everything from light bulbs to mass transit subways. Despite tremendous strides in technological innovation, these existing grids are largely built on an aging design, that is essentially a centralized grid architecture fed by large power generation plants in remote locations that connected customer sites through the complex labyrinth of transmission and distribution (T&D) network. The coordination of electricity production in alternating current (AC) form and its delivery through the complex T&D network are managed by regional system operators or independent system operators (ISO). The ISOs not only need to balance the electricity production and consumption in real time, but also must 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 amongst the most complex engineering system ever constructed by humanity, this centralized power grid design is starting to show its age. Today’s centralized power grids face significant challenges in providing safe, reliable, secure, and affordable energy services. Below are examples of just a few of the vexing challenges the existing centralized power grids faced.

Eloncity Solutions

BlockChain based trade systems make energy trade transparent: