Electrify Europe 2018

Sessions Speakers Exhibitors Products Press Releases Floor Plan Buzz

Energy Coops – Democratisation of Local, Sustainable, Renewable and Affordable Energy (Room Arena 5)

A group of industry experts have joined forces to demonstrate a novel approach in providing local affordable energy by combining innovative models in funding, technical systems integration and community participation. The key aspects of this venture are: ¬ Launch funding via an Initial Coin Offering through sales of Block-Chain assets ¬ Establishment of an umbrella organization (Cooperative Association) for the organizational and financial support of local cooperatives ¬ Establishment of local cooperatives ¬ Procurement and operation of local photovoltaic systems with storage systems by local cooperatives. Extension to other renewable energy sources. ¬ Sale of shares in local cooperatives ¬ Establishment of a Block-Chain settlement model of the local electricity harvest ¬ Expansion of the business activities of the local cooperatives towards a Sharing Economy The full paper is going to detail the bullet points listed above and provide an update of the project.