Blockchain Technology and Solar Go Hand in Hand : Here’s Why

Solar Energy is Growing at an Unprecedented Rate

Solar energy is getting increasingly lucrative as an industry because the installation costs are falling at a steady rate. Moreover, the solar industry is creating lots of jobs.

Even in the US photovoltaic solar panels are being installed at record numbers at an unprecedented rate. According to The Solar Energy Industries Association (SEIA) reports that during the third quarter of 2016, one MW of solar PV was installed every 32 minutes. That pace is even faster today.

Cryptocurrency; essential for the solar industry

Altcoins and cryptocurrency have become an essential part of the solar energy industry. Buying solar panels or investing in solar energy with tokens and altcoins is becoming easier. Several businesses, such as KiWi New Energy, enable investors to participate in projects through altcoins.

Additionally, many experts believe blockchain technology can help solve fundamental problems related to the energy industry, in particular distribution and trading.

The surplus renewable energy on a grid can be solved with blockchain technology. Blockchain will provide a transparent way for households and businesses to trade renewable energy with each other. That way profits can be distributed in a safe and reliable way.

IoT and Cryptocurrencies Create Better Energy Systems

With increasingly smart microgrids, combined with the Internet of Things and blockchain technology, solar energy systems have become highly efficient.

The data of a solar power plant for example, can be efficiently tracked and the profits can help users trade energy on their platform openly. So if you invest in a microgrid that has blockchain technology integrated, you will be absolutely sure that the profits are distributed fairly and transparently.

Blockchain technology, the IoT, and other technologies will continue fueling the growth of the solar power industry at an increasing pace, facilitating the creation of amazing solutions to generate, distribute, and trade solar and other renewable energy sources.

KiWi New Energy aims to revolutionize the way people invest in green energy by making solar investment easy for everyone. Unlike conventional solar energy companies, who look for large investors, we crowdsource solar projects. The income of investors will be distributed through our brand new cryptocurrency, the KIWI Token; this helps us cross borders, as well as help participants avoid lengthy bureaucracy. Our highly lucrative solar projects are ideal for investors who want to make the world a cleaner and better place.

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