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    Date submitted
  • 08-Mar-2017

SolarChange

Abstract

Solarchange uses blockchain technology to reliably create, maintain and trade energy and renewable data, incentivizing the energy supply chain to participate in this revolutionary new platform.

Video

Original YouTube URL: Open

Introduction Video

Additional Questions

Who is your customer?

1. Solar producers (residential,commercial,industrial) and companies. 2. Energy companies and grid operators.

What problem does this idea/product solve or what market need does it serve?

1. Energy companies are losing hundreds of millions of dollars every year, due to the instability of renewable energy. The lack of a real-time solar energy predictions system, prevents the companies from planning and controlling grid behavior, thus loosing immense amounts of energy and financial resources. 2. Solar producers (residential,commercial,industrial) have low financial incentive for their solar energy production. Thus, ROI time of solar systems is long.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

1. SolarChange aims at a global solution. Our competitors do not necessarily view their business as inherently global, but think locally and on a smaller scale 2. Cutting edge blockchain technology and machine learning are the basis of our technological innovation. Our competitors either adopt less advanced models, or take a different technological approach. 3. SolarChange offers a secure product, user friendly and trade oriented. Our competitors operate in more localized markets, in regulated environments, exposing them to additional legal issues. SolarChange avoids such complications by its unique setup 4. SolarChange offers unassailable security in its data. As our competitors work with data in a more fragmented manner, and use different technology, their data is more vulnerable

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

SolarChange has started few paid POC's with energy companies and utilities on different BlockChain - Energy business cases that could later scale up. Our B2B model will operate as a hub / platform for energy data Revenue streams:  Energy planning & forecasting:  Customizing blockchain & AI modules for grid management  Managing data for utilities and grid operators, charging for subscriptions, spinning reserves, and storage backups  Energy trade management fees  Professional services and consulting  Selling data and statistics to interested parties, both public and private sectors o Grid planning, architecture & maintenance o Specific renewable energy infrastructure planning, architecture and maintenance (starting with solar, then spreading to others)  Advertisements