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Smart platform for investment and energy management of photovoltaic systems

The enerchain platform, which will enable co-investments in photovoltaic power plants and charging infrastructure for electric vehicles and transparent and independent control over electricity production and consumption by users in multi-dwelling and commercial buildings.

The subject of the R&D project is the EnerChain platform, which will enable users in multi-dwelling and commercial buildings to: - implement group investments in photovoltaic power plants and charging infrastructure for electric vehicles, - participate in schemes for the promotion of the use of renewable energy sources (both net metering and feed-in tarrifs), - share charging infrastructures for electric vehicles. The EnerChain platform will enable secure and verified recording of data and making virtual smart contracts. The function of smart contracts is automated and transparent distribution of electricity according to the amount of an investment of each individual stakeholder. During the R&D process, we will develop: - a platform, - a blockchain EnerChain, - smart contracts, - communication interfaces which will be installed on the meter for electricity production and consumption measuring and will be connected to the platform via Internet connection, - user interfaces for different stakeholders (investors, users, suppliers, etc.). By using blockchain technology and smart contracts, the platform will ensure the collection and protection of all recorded data (share of ownerships, amount of investments, electricity production and consumption, final calculation of energy consumption by the net metering system, data of electricity suppliers and their operations etc.). It will resolve the problem of trust, since collected data can not be duplicated and will be clearly visible to users of the platform. Key functions of the EnerChain platform: - By using smart contracts, it enables transparent and low cost co-investments in photovoltaic power plants and charging stations without limitations of the minimum amount of individual share/investment. - It enables an independent and transparent recording of electricity production and consumption as a whole, and of measurements of consumption and production by individual stakeholders - this is the basis for the implementation of the net metering system. - It enables the control over charging stations for electric vehicles and their co-sharing. - By using blockchain technology, which enables data irreversibility and verifiability, it enables recording and encryption of all electricity production and consumption data on the platform. As a result, the use of these data for the final calculation is acceptable for all stakeholders. We see the opportunity in the following technological and market trends: - the growth in the use of renewable energy resources and the growth in the number of photovoltaic power plants - the expected rapid growth in the market of electric vehicles and the resulting need for rapid deployment of charging stations infrastructure for electric vehicles, - rapid enforcing of the blockchain technology that allows new forms of collaboration, such as easy participation in co-ownership schemes, because of the digital securitization, - cooperation between people without any intermediaries (e.g. state authorities, lawyers, etc.). - consumers of electricity become prosumers (i.e. at the same time producers and consumers of electricity), - consequently, the state incentives for photovoltaic power plants transition from the feed-in-tariff system, where the purchase price of the electricity produced is pre-defined, to the net metering system, where the energy produced is deducted from consumption and the user pays only the net energy consumed.
Acronym: 
EnerChain
Project ID: 
13 025
Start date: 
01-01-2019
Project Duration: 
36months
Project costs: 
1 310 000.00€
Technological Area: 
Energy management
Market Area: 
Alternative Energy

Raising the productivity and competitiveness of European businesses through technology. Boosting national economies on the international market, and strengthening the basis for sustainable prosperity and employment.