Germany’s First Commercially Live Peer-to-Peer Marketplace for Small-Scale Solar Panel Owners
We’re pleased to announce that Lition Energy has officially entered the solar power business. With the launch of a new unique and innovative solar product, Lition opens up a new business segment and underlines its vision of a decentralized, digital and carbon-free energy system.
Our new solar product was fittingly launched on summer solstice, the day of the year with the most hours of sunlight. The innovative product allows operators of a home solar system to participate in our blockchain-powered marketplace as an energy provider.
Just like the previously existing peer-to-peer trading which used to be reserved for larger power plants, all trades are processed through the Lition’s Layer 2 blockchain infrastructure.
“Up to now we have only had large plants in our marketplace. But now anyone who generates green energy can sell their electricity through the marketplace,” explained Lition founder and CEO Richard Lohwasser.
In times when the solar system produces more than you consume, the excess energy can be sold virtually. For smaller feed-in volumes, Lition bundles the solar system operators into the “Lition Solar Community” and guarantees an additional remuneration of 1 ct per fed-in kWh, regardless of the actual demand on the marketplace. From a feed-in quantity that exceeds the consumption of a household (4000 kWh), solar system operators can offer their system individually on the Lition energy marketplace, and set their own market price.
Made Possible by Lition’s Blockchain Technology
Lition links the electricity supply from producers with the electricity demand from consumers on a daily basis via its blockchain technology. The relationship is thus virtual. Electricity that is fed into the grid cannot actually be directed to a specific household. However, blockchain allows the transactions to be recorded and settled in real time, while also being secure and transparent at the same time. This ensures that no kilowatt hour can be sold twice — and customers are receiving energy that is truly green.
Today, such mini transactions via the current centralized systems are too complex and expensive in relation to their transaction value. Learn more about the problems plaguing green energy here.
The efficient, digital processes provided by Lition’s blockchain ensures that the power producers who are committed to renewable energy are paid for it, while still providing significant savings to the consumer compared to other energy suppliers.
We’ll start by providing the means for anyone with a Lition solar system, no matter how small, to sell their electricity through our marketplace. In the future, however, owners of small systems that Lition has not installed themselves will also be able to market and trade their electricity in the same manner.
Additional Reasons to Go Solar
Lition’s solar offering also gives its customers the opportunity to achieve an attractive return on investment with a sustainable product. With a solar system including electricity storage, a return of up to €30,000 can be achieved over the lifetime of the solar system. In addition, the individual independence from energy companies increases and the customers protect themselves against future increases in electricity prices. In the last 20 years the electricity price increase in Germany was about 70%. With a solar system, an average of up to €1,200 per year in electricity costs can be saved. Customers can calculate their possible savings on our website.
Partnership with EIGENSONNE
For the implementation of the planning and installation of the solar system, a strong partner was found in EIGENSONNE, which has exclusively used high-quality components from premium manufacturers and developed a simple, digital and transparent planning process.
EIGENSONNE is also a green-tech start-up from Berlin that realizes clean and smart solar energy for private households. EIGENSONNE has completely digitalized the planning and marketing of solar systems (photovoltaic) and electricity storage systems and wants to redefine the market for private PV systems in the coming years.
The Energy System of the Future
We continue to work towards implementing our vision for the electricity system of the future. Thanks to blockchain innovation, small-scale solar system owners will have the ability to trade electricity — independently, cost-effectively and in a user-friendly way.
“We are pleased to offer our customers a truly innovative product with our new solar product, which provides them with economic advantages and at the same time allows them more energy self-determination. In EIGENSONNE we have found a strong partner who shares our vision to break up existing structures in the energy industry through digitalization, decentralization and transparency,” said Dr. Kyung-Hu Ha, COO & Co-Founder of Lition.
