Energo Labs: Peer-to-peer renewable energy transaction platform
Renewable energy is developing quickly at household level including PV, EV and heat pump. However, the connection of these intermittent energy will bring significant pressure to power networks. For example, selling excess energy will trigger great pressure to a central network. Therefore, instead of trading through the central networks, P2P trading will enable direct transaction between households/communities. It will act as an energy transaction platform, where renewables can be produced and consumed locally. More and more houses can be virtual plants in a distributed architecture, which can provide locally produced clean energy to the energy users with lower cost, lower emission and higher resilience.
What problem are you trying to solve? Who has this problem?
The key challenges in this reform are: 1)highly regulation and monopoly from the traditional energy players. Energy transmission is under government regulation, third party companies can not operate it without a government issued certificate in some certain areas, 2) without a decentralized architecture, it was not possible to make peer-to-peer transaction without a third party participant, 3) technologies and concepts of microgrid, energy storage and smart meter come to develop only until these recent years, and most companies are still exploring the development.
For Energo Labs, using blockchain technology, we commit ourselves to make a transparent market for people to make P2P energy transactions with more reliable, intelligent and cost-effective clean energy without middleman. Besides, we also want to achieve the flow of energy information and value to make real the internet of energy.
Energo implements blockchain technology with smart meters to enable people to engage in peer-to-peer energy transactions with neighbors. We connect every energy producer and consumer based on the principles of the nearest consumption, and priority consumption of internal energy storage.
We hope to: 1) enable electricity to be produced and traded free, thus improving efficiency of energy usage and allocation; 2) benefit people with economic clean energy and even extra profit; 3) contribute to a more sustainable environment.
EME 1.0 is a smart hardware developed...
Blockchain and Distributed Ledge.
In the process of power generation an...
Enable electricity to be produced and traded free, thus improving efficiency of energy usage and allocation
Benefit people with economic clean energy and even extra profit
Evolves to a lower cost, lower emission and higher resilience community
Energo Labs enable energy to flow not only in physical layer but also in informational and value layer.
Duque Jose, CTO
· Jose Duque is the co-founder and the CTO of Energo. He is a Software Engineer & Serial Entrepreneur with 6 years background education and a wide range of Software Development projects including research projects, games and online sharing platforms. Obsesses with code structure & self-organization and very strong feeling of ownership
Kaikai Yang, COO
· Kaikai Yang is the co-founder and the COO of Energo. She is in charge of the marketing, investment relationship in this team. She has several years of program management and marketing working experience in both global 500 fortune companies and Tencent, the coolest technology company in China.
Lei Qu, CEO
· Lei Quis the founder and the CEO of Energo. He is a serial entrepreneur in the field of payment and blockchain development in last 4 years. He dropped out from Tongji University, which is the top college in China, to begin his startup life.
Leo Wang (Pre Angel)
Mark Zhang (Pre Angel)
Song Bo (Individual)