Energy Web Token

by Energy Web Foundation

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Envion

by Envion AG

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Energy Web Token

by Energy Web Foundation

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Envion

by Envion AG

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What problem does this service solve?

Energy Web Token uses blockchain to increase the transparency of energy related transactions.Not provided by vendor

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Company Description

Energy Web Token is the native cryptocurrency of the the Energy Web Chain, and is used together with the Energy Web Decentralized Operating System (EW-DOS). The platform is intended to be an open-source software platform that will increase the transparency and flexibility of energy grids. The foundation that created the Energy Web Token also hopes to leverage blockchain to support clean energy initiatives and tracking carbon emissions. Their operating system uses decentralized registries that are integrated with IT systems to enable energy related transactions between consumers, grid operators, and retailers.

Envion

Problems in the Renewable Energy Industry
The collapse in the price of solar-power panels has triggered an exponential expansion of new photovoltaic plants worldwide – leading to unprecedented local overcapacities on sunny days.

Local “feed-in” rewards into our mobile mining units are of a much higher magnitude than for regular feed-in tariffs from the nets.

Because photovoltaic prices have plummeted, it has become more and more attractive for solar plants to expand and invest in additional revenue streams that ensure a more stable output during periods of low solar irradiance. This however results in massive and unprecedented local overcapacities: the perfect use-case for our endeavor.

Making the most out of unused renewable and other energy sources
We are accessing this low-priced electricity at its source: Even the smallest overcapacity at a decentralized transformer station (>50 KW) can be efficiently used by our units.

By nature, electricity overcapacities have been inaccessible and useless to date. Our unique concept of mobile ‘energy sinks’ heralds a groundbreaking paradigm shift, not only for power plant owners, but also for smart investors who will be rewarded with an unprecedented ROI.

How it works
The physical prerequisite for most blockchain applications is the globally distributed network of "miners" who provide the hardware for the energy-intensive calculations of algorithms securing blockchain transactions. Mining depends on easy and scalable access to low-cost electricity - a bottleneck in a market that will grow from $2 to $20bn USD over the next five years.

Time for ENVION‘s Disruptive Technology:
A highly flexible, globally operative fleet of technologically advanced Mobile Mining Units operating at the most cost efficient electricity sources on the planet, managed and monitored by our proprietary software solution. The technology provides not only a competitive advantage for ENVION but also strengthens the decentralized, flexible and robust infrastructure that the blockchain industry needs.

Securing the Blockchain by Decentralizing Mining Operations
A new player in the blockchain business — the Swiss-based startup Envion AG — has introduced a new way of mining that has the potential to outperform any other mining operation in terms of mobility and, as a result, profitability.

Envion is an innovative Swiss-based blockchain startup from Berlin, Germany, that delivers smart, scalable off-grid solutions to maximize the value of renewable and traditional energy worldwide. With strong ties to many leading energy companies in Europe and the Middle East, Envion enables energy producers to succeed in creating a sustainable advantage through downstream vertical integration.

To expand the value chain of energy producers, Envion has created a smart global network of satellite-connected modular crypto-mining units that transform energy into crypto-assets right at the source.

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