In the past several hundred years, the traditional centralized electricity system have significantly contributed to the power-production and economic benefits. However, in recent years power network distribution costs have exceeded 50% of electricity bills, causing large electric power plants to break down under the pressure of ever-growing grid costs. Therefore, the centralization of the centralized power supply system no longer satisfies future energy development requirements. Global energy supply methods have been shifting away from centralized and towards a decentralized system.

Recently, the cost of renewable energy has been dropping. Due to the rapid growth of electric vehicles, energy storage technology has seen widespread benefits and the price of energy storage equipment is also dropping. Renewable energy will be more economical than conventional energy for the foreseeable future.

Energy consumer awareness in the information age has been on the rise. The ever-growing demand for sophisticated and smart electricity calls for more distributed, renewable energy projects, and the economic benefits of distributed renewable energy are beginning to emerge as well. This is the development opportunity that Andy Li had in mind in 2018 with the ELONCITY community model.

Overview

ELONCITY is a highly efficient energy storage system that flexibly provides renewable energy storage and distribution (exchange) by using smart network deployment for the community’s smart micro-grid. It is technology that conducts smart transaction scheduling, and automatically balances supply and demand within the network.

By using continually developing battery energy storage technology, photovoltaic arrays, small wind turbines, and renewable fuels available in the community as an energy source, the deployment of a new power infrastructure can help more communities build a decentralized micro-smart power grid to balance local renewable energy supply and demand. By connecting regional power networks, we can produce a more extensive community power micro-grid. And by substantially increasing system efficiency, we can achieve true power interconnectivity and create a balance in supply and demand at the city level. In doing this, we can achieve our vision of renewable energy used to meet 100% of our energy needs.

Feature of ELONCITY Project

A block platform that gives an open, protected power trades in the community. The block platform also allows the ELONCITY community to found an audit able database for tracking sources of power age group within the community, that's GHG free or Non-Fossil Fuel based power.

A smart network battery power storage system deployed on the client premises to harmonize small power supply demand.

Client sited or community-backed renewable age groups, such as Solar Panels coupled with the smart networked battery power storage system that can complete the entire local power demands.

A community DC energy network that applies the renewable DC energy more effectively by minimizing the losses from continues AC to DC to AC conversion.

Community Driven implementation and planning will be enduring success of the community's trade into the sustainable, regenerative power future. Due to the reason that the society and their kids have to live with this power future, it's imperative that the society has lively participatory parts in defining and developing new power future.

<The Brains behind the Project

On their website, https://eloncity.io/ you can visit the “Team” section and simply by clicking on each team member's image or name you will be redirected to their professional linkedin profiles. Here you may consult and analyse each individual's expertise as much as you like. It's all been put there for us to see that they have what it takes to achieve their goals with ease and ultimately inspiring more confidence in all of us.

Conclusion

We cannot think a life without electricity, we need electricity to light a bulb, charge mobiles and for several home appliances. I hope that everyone can understand this issue better, let us change our way to use electricity, and actively seek alternative energy sources. Eloncity will not only help mitigate the issue of global warming, but also reduce our living costs and improve the quality of life.