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.
- Environmental and Public Health Problems
California October 23, 2015 — The underground natural gas storage in Aliso Canyon in Los Angeles experienced a massive leak
The Aliso Canyon incident created an environmental disaster on a larger scale than the Deepwater Horizon accident in the Gulf of Mexico.
It was assessed that Aliso Canyon’s gas leak released about 5.3 gigatons of harmful methane gas into the Earth’s atmosphere.
There has been numerous centralized grid disasters over the years, with some gaining worldwide notoriety like 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 that were detected in every country 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 supposes to serve.
- 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, ranging from San Diego County to western Arizona and Tijuana3. This major incident exposed the inherent susceptibility of the centralized power grid to point-vulnerabilities.
- Adaptability and Resiliency:
In the foreseeable future of global climate change, cities around the world are expected to experience growing incidents of grid failures due to adverse weather, furthering adding to this problem. From heatwaves in Australia and California to frigid winter spells in the northeastern US, to hurricanes Katrina, Sandy, Rita or Maria, we witness repeated episodes of massive grid failures due to the system’s inability adapt and or absorb the disruptions brought about by climate-change induced events.
-Unaffordable Electricity Cost:
US April 14, 2016 — A study was published by Groundswell, a nonprofit renewable energy advocacy group, detailing how 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 electricity.
Therefore, the eloncity project has overcome the above problems
What is Eloncity - Eloncity Project Introduction?
What is the main goal of the Eloncity project?
ELONCITY is a Blockchain technology application project in the energy sector. Eloncity wants to decentralize its power system into millions of microgrid grids capable of self-supplying electricity. Electricity will be produced and will be provided locally 24/7, and will directly compete with existing power supply units. Electricity prices will be more transparent. EVERYONE CAN USE ELONCITY TECHNOLOGY FOR FREE ELECTRONIC MANUFACTURING. And so, we can power the whole world using clean energy.
Eloncity’s project focuses on replacing the traditional power system with a decentralized power infrastructure that is made up of millions of self-sufficient micro-grids, and thereby make stored renewable energy widely available at all hours of the day. This would solve the problem of an imbalance in renewable energy’s supply and demand, a hot topic in recent years. People across the world have encountered political and economic issues due to the ever-decreasing fossil fuels as well as issues with renewable energy production. The world is excited about Andy Li’s work in applying blockchain technology to solve energy issues and benefit humanity as a whole. Eloncity’s technologies will help to produce electricity virtually free, thus powering the world with affordable clean energy.
Blockchain technology is Eloncity key component. Eloncity, hope to use this transparent and efficient mechanism to encourage investment in energy storage systems and solve the issue of cold start of energy storage systems. With today’s rapid development of distributed electricity generation, if we can solve the problem of all-weather electricity consumption and drastically reduce the cost of using distributed electric power generation, then we can make clean energy our primary energy source.
The blockchain trading system will synchronize with the artificial intelligence algorithm by matching the status of the distributed energy resources of the Internet of Things(IoT) and will use machine learning to discern a community’s electricity demand model. In addition, Eloncity will also increase our analysis of the impact of local electricity demand caused by regional events, weather, and local energy prices so that we can provide users with even more reasonable electricity trading prices. Our goal is to make the price of local all-weather electricity generation lower than the electricity supply price for the grid, so that we can utilize market efficiency to increase the usage of energy storage systems, and reduce the cost of local electricity consumption.
Eloncity hope to encourage people to purchase energy storage systems by providing clean energy storage methods and also encourage the world to support Eloncity protocol energy storage devices. For every 1 MWh of clean energy stored, 16 ECTs can be rewarded. When the total stored clean energy exceeds 1 TWh, the same number of ECTs can be rewarded for each 2 MWh of storage, and so on. Before the end of this incentive plan, 32 GWh of stored clean energy can reward one ECT. 32GWh of electricity would be enough to support 1 million households for one day! In addition to receiving ECT rewards, people can sell extra power during peak hours to gain additional revenue investing in energy storage equipment. Eloncity hope these two methods will persuade large numbers of people and operators to invest in energy storage equipment.
Eloncity Features
Eloncity Solutions
Founder - Eloncity Development Team
Eloncity project activity model
Eloncity Project Advisors
Eloncity project partners
Eloncity Solutions
Founder - Eloncity Development Team
Elon City's development team has many years of experience in the field of technology and energy.
I will analyze in detail the founder of the project - "Andy Li"
Andy Li, founder of Eloncity and POMCube; Chief Technology Officer of ChinaCache; Computer researcher of the Alibaba cloud.
Andy Li formerly worked as a Principle Engineer at Cisco. His accumulated 12 years of experience at Cisco served to make Li more than proficient in traffic engineering and also provided him with valuable insight and research experience on the intelligence of access networks. Li believes that access network intelligence is far more efficient than that of the core/distribution networks, i.e. backbone network intelligence. In addition, Li served as Chief Technology Officer at ChinaCache and Lead Researcher at Alibaba Cloud Computing. Li is committed to provide ECN/CDN-like solutions for Internet infrastructure. While at Alibaba Cloud Computing, Li initiated the application of a DC distribution network for super data centers in order to increase power efficiency. Due to widespread recognition and implementation from industry experts, “data center direct-current” has become an industry trend.
In 2014, Andy Li founded POMCube Inc. with the goal of designing a high-efficiency battery energy storage systems (BESS) to directly power DC appliances. Later in 2018, Li’s newly founded Eloncity was committed to combining blockchain technology with the trillion-dollar global electricity market in an effort to help people use renewable energy as the main energy source of the future.
The Eloncity Model builds upon four key pillars
(1) Decentralized renewable energy design architecture, which comprises:
- A Blockchain platform that provides an open, secured and distributed ledger for efficient recording of energy transactions in the community in a verifiably and immutable manner. The blockchain platform also enables the Eloncity community to establish an auditable record for tracking the sources of electricity generation within the community, that is GHG-free or non-fossil-fuel based. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources, and also monitors the community’s progress toward de-carbonization.
- An intelligent networked battery energy storage system (BESS) deployed on the customer premises to harmonize local electricity supply-demand. The Eloncity BESS mitigates the needs for costly capacity and ancillary services. Additionally, BESS also help to flatten intermittent renewable generation into predictable, reliable, and dispatchable renewable resources.
- Customer-sited or community-based renewable generations, such as solar PVs coupled with intelligent networked BESS, that can fulfill all or nearly all the local energy demands. The locally produced renewable powers would eliminate, or significantly lessen, the need to transport remotely generated power through the vastly complex and often vulnerable centralized grid’s T&D network, while at the same time avoiding energy losses from long-distance transmission of remotely produced powers to customer sites.
- A community DC power network that uses the renewable DC power more efficiently by minimizing the losses from repeated AC-DC-AC conversion, while eliminating the need for costly AC power ancillary services. Electricity in DC form is much more simple as compared to its AC counterpart. For instance, DC electricity does not require complicated and costly supports such as frequency regulation or reactive power services. The Eloncity’s proposed local DC power grid includes the DCBus Scheduler that orchestrates the community electricity demand-supply. This local scheduler’s role would be equivalent to that of the independent system operator, but with the significant advantage of the ability to balance the local energy demands and supplies at individual customer premises levels in highly granular temporal resolution. In summary, the local DC grid and DCBus Scheduler, together with the networked BESS, would remove the need for costly ancillary services while eliminating the loss from repeated AC-DC-AC conversion. All these technical innovations ultimately aim to reduce the cost of delivered electricity to the energy consumers.
(2) Community-driven planning and implementation that warrants the enduring success of the community’s transition into the sustainable, regenerative energy future. Due to the fact that the community and their children must live with this energy future, it is imperative that the community has active participatory roles in defining and creating this new energy future.
(3) Performance-based and self-funded financing is critical in mobilizing private market capital to fuel wide-scale adoption of decentralized renewable energy. The Foundation will collaborate with financial partners, government agencies, and other key stakeholders to establish revolving loan funds. The revolving loan fund’s goal is to contribute to the upfront capital expenditure necessary for initiating the project in communities that lack access to such funding. The performance-based projects will 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.
(4) An equitable regulatory framework that facilitates open markets is necessary for mitigating the currently imbalanced market powers, protecting the energy consumers, supporting the local economy, and unleashing market innovations. 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, © cost-effective energy services that are affordable to all, especially the low-income families, (d) sustained success of the community transition into the healthy and safe regenerative energy future, and (e ) a framework to ensure no community will be left behind as the world accelerates into the clean regenerative energy paradigm.
The potential markets for the Eloncity Solution would be any areas that are being served by fossil fuel and nuclear powered centralized grids. However, the Foundation will focus on disaster-prone and rural areas during the initial market development phase because these areas: (a) are most vulnerable to electricity service disruptions; (b) typically lack the local capacity to plan and create the safe, healthy, secure and sustainable energy future; and © are hard-to-reach and underserved communities that often get left behind. Concurrently, the Foundation will collaborate with large utilities in dense urban areas to provide the decentralized Eloncity Model to address localized constrained service areas. Similar to the example of the Melbourne grid blackout during heatwaves, the constrained areas do not have the adequate T&D capacity to import needed electricity supply. The traditional solution would be costly grid infrastructure upgrades and the re-commission of dirty fossil-fuel or dangerous nuclear power plants. On the other hand, the Eloncity Model produces renewable energy locally for local consumption, thus negating the need to import remotely produced energy through costly and often vulnerable T&D networks.
Eloncity development roadmap
The specific roadmap of the project
The project team is experienced in energy and blockchain. Emerging are the two mentors "Bryan Allen" and "Robbet Mao".
Bryan Allen is a Software Engineer for the NASA Jet Propulsion Laboratory Task Force. He started working at NASA in 1987, now working on the Mars Reconnaissance Orbiter.
Robbet Mao: He is the founder of the Blockchain 3.0 Arcblock project. He previously worked as a software engineer at Microsoft's FUSE lab in the United States. Robert is one of the pioneering leaders in technology in the US
Eloncity project partners
There are many partners in the project; This includes Arcblock and Cybermile. This shows that Eloncity will use Blockchain 3.0 of ArcBlock and some of Cybermiles' platforms.
The next is the Krypital Group and Tokeneed. These are the major partners who have worked with projects such as Cybermile; Arcblock; Merculet; Egretia and has been a resounding success in ICO calls.
Conclude
Nicola Tesla Known as a revolutionary in the field of energy - the alternating current he invented brought the world to a new age. With its technology, Nicola Tesla has been electrified globally and developed to this day.
Elon Musk, a pioneer in the field of clean energy in the world, has been developing a number of renewable energy projects, building "solar city" solar power plants. termed by a centralized system.
Andy Li - "Founder of Eloncity" Desiring to open "The era of decentralized electricity generation, Eloncity wants to decentralize the existing electricity system into millions of microgrid grids capable of self-supplying and able to supply Electricity for the whole world using clean energy. "
With the professionalism of the project; The development team has a lot of experience, consultants are veterans in the field of energy and technology; This shows that the project has high feasibility and great development prospects. This is a worthwhile project to look forward to.
Authentication link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000110
For more information, visit:
Krypital Bounty Group: https://t.me/KrypitalBounty
Facebook: https://www.facebook.com/Eloncity
Twitter: https://twitter.com/Eloncity_io
Reddit: https://www.reddit.com/r/Eloncity/
Website chính: http://www.eloncity.ioTwitter: https://twitter.com/Eloncity_io
Reddit: https://www.reddit.com/r/Eloncity/
Eloncity Nhóm: https://t.me/Eloncity
Krypital News : https://t.me/KrypitalNews
Krypital News : https://t.me/KrypitalNews
Medium: https://medium.com/eloncity
Telegram: https://t.me/Eloncity
Telegram: https://t.me/Eloncity
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