Enosi Uses the Blockchain to Provide Affordable Clean Electricity to All, via a Decentralized Energy Grid

The Enosi blockchain challenges incumbent energy companies by
enabling small energy retailers to compete through aggregation, reduced
transaction,compliance costs and encouraging transparency

SYDNEY–(BUSINESS WIRE)–#blockchainThe
Enosi Foundation
(https://enosi.io/) announces today the launch of
its open source, not-for-profit, blockchain based energy operating
system, to challenge large energy companies with existing regulatory
regimes, making the green energy space more efficient and transparent.
Enosi levels the playing field in electricity retailing, thereby
enabling communities, small businesses and startups to focus on value
added clean energy.

Enosi has secured partnerships and agreements with various energy
retailers and players in the industry including, California Clean Energy
Foundation, Energy Locals, DC Power, Solar Analytics, Australian
Photovoltaic Institute, and signed a cooperative research agreement with
the University of New South Wales.

Electricity is the bedrock of modern day civilization, from cooking our
food and heating our homes, to education and entertainment. However,
there are problems associated with the energy sector, such as the rising
costs and increased air pollution. To provide for the world’s growing
energy demand, which underpins societal and technological progress, the
Enosi Foundation has created a reliable and sustainable energy system
for everyone. Enosi’s blockchain platform supports a new decentralised
paradigm that alters the way we generate, transport, store and sell
electricity.

Enosi transforms the energy market using the blockchain through a
trusted and tokenized transaction platform. By commoditizing the
components of the energy supply chain, broadening competition, and
reducing barriers for entry, Enosi overcomes the inherent barriers to
competition in the decentralised trading of renewable energy. This will
lead to significantly lower costs in the sector. Enosi is opening up
green energy adoption to the masses through community energy schemes
where consumers are in control of their local electricity production and
use..

Enosi’s open source blockchain operating system offers a variety of
features to reduce costs and obstacles in the green energy market:

  • Enabling competition – Increasing competition within each
    segment of the supply chain by building a platform and providing tools
    that enable new entrants to participate in the market
  • Disaggregation – Separation of each segment in the electricity
    supply chain to allow the entry of more efficient market participants
  • Reducing regulations hurdles – Lowering the regulatory and
    establishment hurdles for new market entrants by providing a suite of
    automated “retailer-in-a-box” tools, adaptable for each region
  • Significantly lowering customer servicing costs – Lowering the
    overall cost for new energy retailers by partially automating the
    market procurement, settlement and compliance functions
  • Enabling new innovative technologies to monetize – Enabling new
    energy retailers (neo-retailers) to provide innovative electricity
    supply and billing arrangements for communities and niche market
    segments

“We’ve seen what treating the energy space as a monopoly can do to
decentralised energy trading and sustainable energy,” said Steve Hoy,
CEO of Enosi, “The sector is inundated with outdated and heavily
regulated practices, which are met with minimal competition and
innovation. Enosi will change all of that. The electricity industry is
ripe for disruption, and Enosi’s new approach to support green community
energy will bring about the much needed change that the industry’s been
waiting for.”

Leadership:

Steve Hoy, CEO
Bill Barden, COO

About the Enosi Foundation

The Enosi Foundation is building an open source blockchain-based Energy
Operating System that enables communities and innovative startups to
compete with large energy companies, in existing regulatory regimes. The
platform facilitates wholesale energy procurement, risk management,
community energy schemes, metering and billing and reconciliation.
Enosi’s ultimate aim is to replace the middle-man in the selling and
delivery of retail energy, thereby enabling communities, small
businesses and startups to focus on value added clean energy.

See more at enosi.io

Contacts

Media:
Blonde 2.0 for Enosi
Molly Winik, +972 58-4433219 (Cell)
Molly@blonde20.com