By Mark Hamilton, CEO and Co-Founder of Solo Energy
As the last remnants of summer fade into autumn, things are hotting up at Solo as we drive our business forward and lay foundations for our imminent funding round. I’m thrilled to welcome Ben Hill to the team — he brings with him significant experience in solar, battery storage and electric vehicle technology from his time with Tesla, as well as his commercial experience in building and growing businesses at BP and Trina Solar.
Ben established and ran the Tesla business across EMEA — not a bad track record, and one that reflects our own growth ambitions at Solo. Ben’s personal ambition is 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 are nearing a tipping point where green energy tariffs are no longer a luxury for UK consumers, and together, we believe that we will change consumer expectations of energy forever.
As our commercial and technical advisor, Ben will help Solo as we plan the implementation of our Virtual Power Plant (VPP). The funding raised through our Secure Token Offering (STO) — the cryptocurrency funding round — will enable us to distribute and install free domestic batteries and vehicle-to-grid (V2G) chargers to thousands of homes and commercial premises throughout the UK. These physical assets will provide the security backing for our token, which will ensure greater price stability than a conventional Initial Coin Offering (ICO).
Blockchain technology is integral to the VPP, allowing renewable energy generators and consumers to buy, trade, and sell green energy peer-to-peer. Ben is excited about what blockchain can do for the renewable energy industry, and his expertise in battery technology will be vital in ensuring that the VPP succeeds in both decentralising energy production and kickstarting peer-to-peer energy trading.
“I’m incredibly excited to be working with Solo Energy. The team has a strong vision for the future, and its peer-to-peer trading concept using the latest blockchain technology is cutting edge.”
We’re excited to have Ben on board as we move into the next phase of our project and embrace a 100% renewable future.