Blockchain Powered Peer-to-Peer Energy Exchange Solo Energy Taps Tesla VP
Solo Energy, an energy storage and blockchain powered peer-to-peer energy exchange specialist company, has tapped former VP of Tesla Ben Hill to join the company as Commercial and Technical Advisor.
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Another Blockchain Company Lures Another Tech Exec
Hill’s role at Tesla involved running Tesla Energy across the EMEA region (Europe, the Middle East, and Africa). Hill’s pedigree in renewables also includes heading up BP’s European Solar business. He joins Solo Energy to develop and deploy the startup’s Virtual Power Plants, which are networks of small-scale batteries and V2G (electric Vehicle-to-Grid) technology. The networks are operated by the company’s FlexiGrid cloud platform.
The technology–a distributed network of batteries–acts to balance supply and demand for power, switching on to provide power when demand exceeds generating capacity. In addition to enabling P2P trades, FlexiGrid minimizes the use of the public grid system and wholesale electricity market, saving consumers money.
Solo Energy Has Its Eyes on a 100 Percent Renewable Energy Future
The Cork, Ireland-based company’s goal is to usher in an era of a 100 percent renewable energy future. Their technology is designed to smooth out the natural supply variations inherent in both solar and wind power. Rather than revert to traditional energy sources as renewable energy sources vary in output capacity, the company hopes its small-scale batteries and V2G technology, installed in homes and offices and connected via blockchain technology, will eliminate our reliance on fossil fuels.
As Mark Hamilton, CEO and Co-Founder of Solo Energy, said:
“Our company goal is to lay the building blocks for a 100% renewable world, and Ben’s experience encompassing both energy and battery technology will be invaluable in achieving this goal.”
Hill added that the company’s vision aligned with his own:
“Its peer to peer trading concept using the latest blockchain technology is cutting edge. In helping Solo Energy bring its business model to reality, I’m fulfilling my own ambitions to push forward the sustainable and renewable energy revolution. By making reliable low carbon, low cost, sustainable energy accessible to homes across the UK and Europe, we believe we will change the face of energy generation forever.”
Another company in the energy space is Energi Mine, which operates its own peer-to-peer energy network. Solo Energy is currently running successful pilot projects and will launch an asset-backed Security Token Offering at the end of September.
Have your say. Is blockchain technology a game-changer in the push toward renewable sources of energy?
Images via Pixabay