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SunContract Approved for Estonia License, Triples Electricity Production Contracts for 2021

2020 Project Updates and Recap

  • An approved Estonia license application
  • Event driven architecture (EDA) development that will make the SunContract platform scalable to 1M+ users
  • Tripled energy producer contracts signed for 2021

Without further ado, here’s a quick recap of the year that was…

In response to COVID-19, SunContract offered customers reduced electricity prices

We revamped our invoicing system

  • Necessary details for the payment of customer energy bills are now clearly indicated in the new invoice. We also added a QR code which customers can use to easily settle their electricity bills with via the bank.
  • In the new invoice, we also prioritized displaying customer savings information on the marketplace which allows customers to very clearly see how much money they were able to save due to using the SunContract energy marketplace, as opposed to if they opted for a single tariff contract price by an alternative energy provider.

Disclosure of the Project’s Financial Position:

These numbers reflect SunContract’s financial performance from 2019 to June 2020. An updated report will be released in 2021.

SunContract & Partners Approved for €4.659M Horizon 2020 EU Grant

We tripled the energy producer capacity contracts signed for 2021 compared to 2020

AI and ML based event driven architecture on cloud infrastructure for SunContract to be ready for 1M+ user scalability

We were approved for 2 in 1 Cryptocurrency Licence in Estonia

  • us to operate as an exchange — fiat to crypto and crypto to fiat and
  • to provide e-wallet services for virtual currencies i.e providing custodial services of the required credentials to access the virtual currencies.

Onboarding 10 new employees and financial partners for market share expansion

Wishing you all a Merry Christmas and a Joyous New Year



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SunContract is a pioneering energy-trading platform that directly connects energy producers and consumers into an energy marketplace based on smart contracts.