Irene Energy: a different kind of renewable electricity supplier
Irene Energy is a renewable electricity supplier powered by the Stellar blockchain. On Irene Energy, consumers handpick the producers they like and pay them directly. Why is it important that you can pay your producers directly?
Let’s ask ourselves what it means to consume renewable energy? Does it guarantee that the electrons coming through the grid all the way to your lightbulbs are coming from renewable sources ? It doesn’t. Because once the electricity has been generated and transmitted through the grid, all the different electricity sources get mixed up until you switch the light on. At this stage there is no way for you, your supplier or anyone else to know whether the electrons powering your light bulbs are green or not. This is not what green suppliers advertise. “Switch your house to 100% renewable energy” or “we supply you with 100% renewable energy” is usually what you read on their homepages or flyers. Similarly, Irene Energy doesn’t have the power to tag these green electrons and direct them to your house. But, thanks to the Stellar blockchain, It can guarantee that you’ll be paying the producer you selected, for the renewable source that you chose. In other words, ensuring that the electricity equivalent to your consumption is produced in a renewable manner. This is how YOU make a difference.
That way, you are having a real impact in the fight against global warming by voting with your wallet. You’re taking a stance for renewable electricity and financially rewarding, with your electricity spending, the renewable electricity producers, ultimately driving the producers of dirty energy out of business.
Until now, in most cases the choice to select the producers SOLELY rests with the suppliers. This choice takes the form of a purchase of green certificates of origin with no guarantee that your supplier is buying enough of them to fulfill all the electricity needs of their customers. Extensive double-accounting issues and total reliance on the supplier’s word are strongly limiting their impact. With Irene Energy, the power of decision lies with you. You decide what you eat, so to speak. And Irene Energy offers you a choice of local producers so that your electricity doesn’t come from the other side of the world.
Through your choice, you let your community, your region and your country know that renewable energy is important TO YOU. You now have the power to impact local and national energy policy.
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Emilie and The Irene team
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