How Enosi compares with other blockchain energy projects
We are often asked how Enosi compares to other energy industry blockchain projects. It can be a curious question because it is difficult to say one project is objectively better or worse than other. Most often the projects are simply aiming to solve different problems.
In the energy space we are proud to say that we are one of several projects that aim to democratise access to distributed and/or renewable resources and make things fairer for consumers and innovators in the space. We applaud the efforts of trailblazers like Power Ledger with their micro-grid energy trading platform and WePower’s innovative renewable generation financing model.
Enosi is specifically focused on creating the protocols required to enable core retail energy transactions, that will meet most types of regulatory requirements and have the broadest global application. Enosi will achieve this by creating a platform that addresses the common aspects of the various regulated and competitive marketplaces. Enosi believes that the market will become further decentralised over time, as policy makers see the benefits of lower-cost, more secure energy generation.
The Platform will support applications for community energy programs, billing reconciliation and settlement, wholesale market trading, electricity billing, fast switching between retailers, and ultimately, automated access to the wholesale markets. Individuals and businesses trading on the Enosi platform do not have to be located in close proximity behind a single meter. Rather any set of parties in the same wholesale market domain will be able to trade, with their trading imbalances managed by a single licenced retail supplier.
Unfortunately we do note that most energy blockchain platforms witnessed to date pay homage to the incumbent power utilities and they either try to align themselves with the establishment, and/or are concentrating on small micro-grid based projects. Most energy blockchain projects have been trying to develop closed blockchain ecosystems and get current energy players to use their platforms.
It is our fundamental belief, based on many years of energy experience, that this is short-sighted. Incumbent utilities have very little interest in disrupting their own business models. We believe consumers deserve a fully open platform, designed by global energy market experts, yet one that can be tailored by local energy experts to meet the requirements of the hundreds of individual energy markets globally.
It is also important that adoption of these new business models and distributed technologies is low cost and simple as possible. Models requiring specialised hardware, or asking consumers to deal with cryptocurrencies just to buy or sell electricity do not meet these criteria. Enosi’s simple SaaS model providing low cost access for simplifies and eases the adoption process.
Grid 2.0 needs small businesses, the innovators and entrepreneurs, who want to change the world of energy. They in turn need a common platform that lowers their barriers to entry, wholesale risks, technology costs and working capital requirements without scaring off their potential customers. This is what Enosi is providing with our easily accessible retail transactional platform.
