Eloncity - in-depth analysis of the project

Today I will analyze the Eloncity project in depth



1/ WHAT IS ELONCITY? 

Eloncity is a model for the planning, constructing and operating community-based renewable microgrid, which means:
➢ Community-centric - the community members coordinate with each other to exchange energy and share energy equipment costs-benefits (e.g., solar PV, battery energy storage system (BESS), energy management system, and others) to access more reliable and cost-effective local energy supply, to maximize the utilization rates of the installed equipment for accelerated return-of-investment (ROI) and other benefits. The community-based approach uses the collective resources of the entire community to implement a project which might be too costly to be done on an individual basis or must rely on funding from a sponsor’s whose interests may not completely aligned with what deem important to the community.
➢ Renewable-based – use locally available renewable resources, such as solar or wind power, to produce electricity locally to fulfill the community energy needs.
➢ Microgrid – means that community energy system is designed to be capable of operating in island-mode AND grid-connect mode. Island-mode means that the community can operate on its own which the community energy needs are fulfilled by the energy produced locally in the community. The island-mode keep the community safe and operational during disaster or emergency events when the energy services from the main grid are disrupted. The grid-connect mode means that the community energy system is connected to the main-grid allowing the community to import energy from the main-grid to supplement the community-produced energy. In the connected mode, the community energy system can provide energy services to the main-grid when the main-grid is failing or does not sufficient localized energy supply to support the main-grid operation reliably. The grid-connect mode is important because it allows the community to leverage resources from the main-grid because it offers the opportunity for the community to generate revenue when the community provides energy services to the main-grid while allowing the community to import energy from the main-grid when it makes senses financially.
Eloncity model integrates advanced technologies, best practices and lessons learned to create a scalable and replicable design for unleashing the potential of the community-based renewable microgrid to attain an energy future safe, secure, healthy, sustainable and equitable, and more vibrant regenerative energy future. The Eloncity model builds upon four key pillars:
1. Decentralized renewable energy technology architecture, which comprises
● Blockchain technology platform that provides an open secured and distributed ledger for efficient recording of energy transactions and the sources of electricity generation in the community, renewable or fossil-fuel;
● Crypto utility token (Eloncity Token or ECT) facilitates local energy exchange and incentivize investment in the battery energy storage system (BESS) for storing newly harvested renewable energy, as well as creating an open global marketplace that enables communities around the world to access advanced renewable energy products and services;
● Intelligent networked BESS harmonizes local electricity supply-demand and flattens intermittent renewable generations into predictable, reliable and dispatchable renewable resources;
● Customer-sited and community-based renewable energy generators, coupled with intelligent networked BESS, in-front-the-meter BESS and behind-the-meter BESS, fulfill all or nearly all the local energy demands;
● Community DC switching power network(s) eliminates the congestion on the last-mile networks and allow energy to flow from any party (or parties) to any other parties. The costly AC power ancillary services are no longer needed while the shared BESS makes 24x7 renewable energy reliable and cost-effective, and
● DC appliances enable the community to use the renewable powers more efficiently by mitigating losses from repeated AC-DC-AC conversions.
2. Community development ensures the successful planning and implementing of the Eloncity model at five fundamental levels; (a) community adoption; (b) social application; (c) quantifiable salient impacts; (d) localized roadmap for step-by-step deployment and continued growths; (e) leverage lessons learned to hone processes for accelerated wide-scale replication of the Eloncity model.
3. Combined performance-based projects with revolving loans create an effective strategy for mobilizing the private market capitals for wide-scale deployment of the Eloncity model.
4. Collaborative and equitable regulatory framework facilitates leveled-field markets to mitigate imbalanced market powers to unleash market innovations, protect the energy consumers, and support local economies.
2/ WHAT IS THE VISION OF ELONCITY?

AI Grid Foundation (Foundation), a non-profit organization based in Singapore and an advocate for employing decentralized renewable energy as possible pathway to address our energy challenges. We see an attainable energy future that is safer, cleaner, more profitable, more accessible to all. We believe the shared and consensus-based blockchain technology is vital for building the collaborative decentralized renewable energy future. We recognize that crypto utility token is an effective and efficient catalyst to create open, leveled and unified renewable energy marketplace for linking energy consumers with product and service providers around the world. We collaborate with global technology and financial partners, local governments and public agencies, communities, and advocacy groups, non-profit organization and other stakeholders to build a collective pathway to that future.
3/ WHAT ARE THE ADVANTAGES OF THE ELONCITY MODEL?
➢ Open and Secured Energy Transaction - The ECTP or blockchain platform provides an open, secured and distributed ledger for efficient recording of the transaction of energy services in the community in verifiable and immutable manner. The blockchain platform also enables Eloncity to establish an auditable record for tracking the sources of electricity generation in the community, whether it be renewable or fossil-fuel. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources and monitor the community’s progress toward the renewable GHG-free future. This feature facilitates a shared resource economy to maximize asset utilization rates and cost-effective access to decentralized renewable energy.
➢ Unified and Efficient Energy Marketplace - Eloncity Token facilitates an open market that enables communities around the world to exchange energy and shared-resources locally and also to access the unified network of global renewable energy products and solutions. Similarly, renewable product and service providers benefit from a more open market.
➢ Greater Reliability – The Eloncity provides greater energy service reliability through the decentralized energy architecture’s inherent design ability to anticipate, absorb, adapt to and rapidly recover from potentially disruptive events. The Eloncity design includes arrays or windmills locally, and intelligent networked BESS acting as an energy arbitrage for maintaining local electric service stability, flexibility and resilient energy supply during grid service disruptions and emergency events. The BESS, either behind-the-meter and front-of-the-meter, will power the entire community for the desired duration to ride through an emergency event, through the PV non-production periods, until the sun or wind becomes available again to energize the local renewable generators to recharge the BESS. Both technologically, BESS is a direct response to address the mismatch of electricity supply and demand at every level of the grid network and overcome risks of single point vulnerabilities inherent in the centralized grid architecture.
➢ Lower Costs – The Eloncity model is designed to lower Eloncity community energy expenditures over the project’s useful life. The energy expenditure savings are achieved by the combination of (a) Local DC grid network within each community, large appliances powered by DC electricity, together with targeted energy efficiency retrofits to lower overall energy losses and consumption, (b) Generate renewable energy locally to offset all or most of local electricity demands, (c) Flatten peak energy demands to minimize costly demand capacity charges, (d) Purchase centralized grid energy only during the period of lower cost (i.e., off-peak in constrained areas or excessive-generation in areas with utility-scale renewables), and (e) Provide ancillary services to the centralized grid to generate revenues. Economic savings is a fundamental feature of the Eloncity model, especially in addressing the mounting challenges with high energy cost which disproportionately burden the underserved communities.
➢ Increased Safety – The Eloncity’s renewable generation and BESS reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, gas poisoning, and are quite likely available for only the limited amount of time while gas/diesel is available. Eloncity will power the public safety facilities indefinitely in standalone mode with inexhaustible local renewable resources. The model proposes a direct response to address the unacceptable risks to public health and safety posed by the fossil fuel-based energy resources.
➢ Societal Benefits – Community-based renewable microgrid (CRM), based on the Eloncity Model, supplies daily non-GHG energy to power the community. The CRM provides energy security and community safety during the disaster and emergency events, as well as ongoing energy bill savings that allow the community to focus its budgets toward critical social programs. Additionally, CRM projects include targeted building energy efficiency retrofits that not only produce energy and financial savings but also make existing community facilities more comfortable and productive with the installation of more energy efficient equipment and building retro-commissioning. This mission is driven by how the Eloncity model is structured to unlock more than quantitative benefits through a decentralized energy system. The vision of Eloncity is also grounded in an energy future that is more equitable and poised for universal replication because of its intended qualitative and societal benefits. Beyond the metrics of a more efficient energy system, the decentralized energy system of the Eloncity model is designed specifically to advance the environmental, social and cultural values of its stakeholders.
➢ GHG Emissions Reduction – Eloncity will achieve significant GHG emission mitigation by (a) reducing GHG emission through targeted building energy efficiency to lower energy consumption, (b) replacing fossil fuel-based and nuclear-powered electricity generation with renewable electricity generation and (c) limiting the needs to operate fossil fuel-based peaker plants through flatten peak demands with load-shifting with combinations of energy storage and customer energy demand management. This feature addresses the concern for public health and environmental equity, especially for disadvantaged communities.
➢ Adaptation – Eloncity’s decentralized energy system provides the community with increasing energy security and resilience for adapting to any potential climate-induced, other natural or human-made disasters. The Eloncity’s decentralized and redundant local renewable generations with intelligent networked BESS will continuously power the community during emergency events when the centralized grid services are disrupted. The ability to safeguard the community and resilient energy infrastructure remains a dire need that is the embedded in the DNA of the Eloncity Model.
➢ Low-emission Vehicles/ Transportation – The Eloncity power system and blockchain architectures include an advanced energy management system, local renewable power generation, an intelligent networked BESS, electric vehicle (EV) to grid connection, and roaming EV charging to support the electrification of transportation. With the communal value-added benefits that EV and V2G technologies, the Eloncity model advances public safety, health, and lower transportation cost.
➢ Economic Development – Eloncity will produce energy locally for consumption. Significant energy expenditures will be retained locally to support the local economy. Eloncity projects will directly support local clean energy employment that will provide human resources to support the Eloncity project planning, design, build and operation. Moreover, Eloncity pushes the technological and business model advancement to create a new generation of Adaptive Community Renewable Microgrid to provide energy security and safety to communities in disaster-prone areas. The Eloncity pilot project will provide appraisal data, a holistic framework, pragmatic tools, standardized approaches, and defined methodologies for replicating the Eloncity model in targeted areas. Thus, Eloncity provides not only energy security and community safety, but it also holds significant potential for economic development through the Eloncity model; a model where local communities are empowered to expand the local capacity and workforce.
➢ Environmental Benefits and Public Health – As discussed in the above paragraphs on “Increasing Safety” and “GHG Emission Reduction”, Eloncity will maximize the synergies of targeted energy efficiency retrofits, decentralized renewable generation, energy storage and other behind-the-meter resources to lessen the reliance on dirty fossil fuel-based or nuclear powered electricity, reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, and gas poisoning
4/ WHEN WILL YOUR PRODUCT/PLATFORM AVAILABLE?
Eloncity implementation roadmap delineates into three primary phases.
➢ Phase 1: Q4’2014 to Q2’2018 - The Foundation has been collaborating with a coalition of global partners to develop key building block technologies for the Eloncity model.
➢ Phase 2: 18 to 24 months from Q3’2018 - The Foundation will collaborate with various authorities, organizations, companies, and community members to demonstratively scale the Eloncity model in communities within North America, Latin America, and Asia by using blockchain technology.
➢ Phase 3: From Q4’2022 - The Foundation will focus on mass market transformation to proliferate the Eloncity model to all targeted markets globally.


5/ ELONCITY TEAM AND ADVISORS

➢Andy Li, Founder
Andy previously led ChinaCache to build the content distribution network (CDN) Internet infrastructure. CDN isanalogous to the networks of decentralized energy resources on the energy infrastructure. Andy also led AlibabaCloud Computing Data Center Architecture team to pioneer the application of direct current (DC) power systemfor mega data centers in Asia. Additionally, Andy mastered the network traffic engineering at Cisco System. Hiswork helped to realize the system intelligence at the edge of the network, which is significantly superior to thetraditional core distribution networks. Since 2014, Andy has been leading POMCube Inc. to develop intelligentnetworked battery energy storage systems (“BESS”). POMCube Inc. will be one of the Foundation’s technologypartners in implementing the pilot Eloncity Model microgrids to demonstrate the open standard ECTP.
➢Michael Nguyen, VP of Program Development
Mike’s 30-year career spans across multiple industries; from non-profits, advanced energy programs and policy toIT research and development, to international manufacturing operation and markets development. Mike holds 17patents and four industry awards for technology innovation. Over the last seven years, Mike’s work focused onCalifornia’s ambitious energy programs and policies. His work focused on working with ratepayers andenvironmental advocacy groups, utilities, technology companies, research institutions and federal agencies todevelop performance-based and customer-driven energy programs. He has worked with key stakeholdersincluding California Energy Commission and Public Utility Commission.
➢Gregary Liu, Marketing Director, Americas
Gregary has 11+ years experience in server system solution architecture and product development. He served as Lead OCP/OCS/OPEN19 design requirements for Mega-Datacenter. He holds an MBA in Management of Technology, National Chiao Tung University; B.S. in Physics, National Taiwan University.
➢Dunping Yao, Hardware Engineering Manager
Dunping has 6 years experience in BMS hardware design. Other work includes being a Research Assistant, VRBcharging technology for two years at INET (Institute of Nuclear and New Energy Technology) of TsinghuaUniversity. He has a degree in MSEE in Detection Technology and Automatic Equipment, University of SouthChina.
➢Justin Wang, Product Manager
Lead Architect for iCAN, NetZero, Architect, Modular Data Center, Smart3Technology
Sr. ME, Emerson Network Power, Xian, China.
➢Allen Ding, Eloncity Project Manager
9 years experience in electronic design, Expert in magnetic device design and power topology
B.S. Mechanical Engineering, Nanhua University.
➢Peng Xu, Software Engineering Manager
10+ years experience in software development, architecture design, and data analysis, NetZero Software Architect,helped develop POMCube web service system, Built and maintained Foxconn e-commerce website.
➢Haichuan Jiang, System Verification Manager
10+ years technical experience in system testing and software testing
programs
Success in managing Integrated Communication Exchange System
verification projects
Lead team in Energy Storage System project based on the cloud platform (AWS)

Howard Choy, Local Government, and Public Agencies
Howard led the Office of Sustainability in Los Angeles County to develop and manage energy and environmental programs for both municipal operations and in the Los Angeles County region. TheOffice manages the County’s $200 million annual energy/ utility budget for internal operations,energy efficiency programs, and power generation facilities.
Michael Yuan
Michael received a Ph.D. in Astrophysics from the University of Texas at Austin. He is the author of 5books on software development, published by Prentice Hall, Addison-Wesley, and O’Reilly. Michaelwas an active code committer in large Open Source projects such as Firefox, Fedora, JBoss, andothers. He is an expert on enterprise and mobile software and a Principal Investigator on multipleresearch projects supported by the US government funds.
Bryan Allen
Beginning in 1987, Bryan began working at the Jet Propulsion Laboratory in Pasadena, California. Hewon three major aviation prizes and is the owner of 22 world aviation records, four that are still current.He is delighted that the home he shares with his wife has three plug-and-play solar panels, two iCANs,and a monthly electricity bill below $20 per month.
Enso Li, DC Power System
Enso is the chief architect of Tencent Data Center and has a rich experience in 240V high-voltage directcurrent, data center methodology, modular data center, Rack Server and lithium battery. He has nearly20 patents and has published more than 20 papers and books.
Haifeng Qu
The vice chairperson of Communications and Information Technology Committee of the China Engineering Construction Standardization Association and participates in the formulation of China’s data center industry standards. has also long served IDC and ISP companies.
Robert Fortunato, Net-Zero-Energy
Robert designed award-winning Green Idea House, one of the first affordable, net zero energy, zero carbon case study houses built with standard construction materials and off-the-shelf technologies.He is a frequent guest lecturer in Pepperdine’s MBA Program. Most recently he is working at the LA Cleantech Incubator, coaching startups and developing the strategy in their built environment space.
Robert Mao
Robert Mao, Founder, and CEO of ArcBlock, Inc., are a serial entrepreneur and innovator. Mao’sprojects and activities have been covered widely by global news media, including TechCrunch, CNN, USA Today, and other outlets. Mao was introduced to Bitcoin in 2009 and has been researching and experimenting with blockchain technology since 2013. He has spoken aboutcryptocurrencies and blockchain technology at events around the world.
Chris Whalley
Mechanical Engineer and Call Firefighter living in Topanga Canyon, California. His primary interestis now focused on low impact living strategies. Chris is looking forward to eliminating his family’sfossil fuel use by getting an electric dirt bike and someday converting his 4x4 for EV camping trips.He has been using the iCAN since October 2016 and sees residential energy storage as one of theimportant technologies to make the electric lifestyle easy, economical and fun.

Kelvin Xu

Kelvin is the VP of software of RiC Semiconductor with rich experiences of the 3D facial recognitionand RF radar for autonomous driving. He held Sr. software positions in S&P 500 companies (BellCanada, Nortel, Alcatel, Fujitsu) as well as startups. His expertise includes: AI, Blockchain, BigData, IoT, network security, wireless and optical communication. Mr. Xu holds multiple US patentsin wireless, IoT, and optics communication.
Mr. Xu holds M.Sc. degree from McGill University and B.Sc. degree from University of Science andTechnology of China in GeoPhysics.

Jasmine Zhang

Jasmine currently works as a Key Account Director at NVIDIA in their Beijing office where shemanages three major accounts, comprising a market cap of
$20-50B each, to accelerate the enterprise AI adoption and coordination with OEM partners onproduct and service delivery. Prior to her role at NVIDIA, Jasminewasa Managing ConsultantwithIBMGlobal Serviceswhereshedrove the IBM smart grid global initiatives in China. As a privateconsultant she also advised the CEO of China’s State Power Group Co. on growth opportunities andstrategic planning in the electronic vehicles market. Jasmine earned an MBA in Strategy andMarketing, as well as a MS in Global Sustainable Enterprises from the University of Michigan.


Eloncity token is a utility token. ECT’s key functions:
➢ To facilitate local energy exchange;
➢ To incentivize investment in ECTP-compliant battery energy storage system (BESS) by rewarding BESS-operator/owner with ECT for storing newly harvested renewable energy in their ECTP-compliant BESS;
➢ To create an open global marketplace that enables communities around the world to access advanced renewable energy products and services with ECT.
We need ECT because ECT facilitates an open market that enables communities around the world to exchange energy and shared-resources locally and also to access the unified network of global renewable energy products and solutions. Similarly, renewable product and service providers benefit from a more open market.
    All the ECT tokens are pre-minted. There is a “mining” mechanism to award ECT tokens to customers who store renewable energy using ECTP-compliant BESS. The “mining” functions are written as long-running smart business contracts on an enhanced Ethereum blockchain technology platform to support high-volume high-speed transactions.
The total number of ECT is 1,000,000,000.
The total number of tokens for sale is 320,000,000 ECT.
ECT is a utility token.

Conclude
With the professionalism of the project; The development team has a lot of experience, consultants are veterans in the field of energy and technology; This shows that the project has high feasibility and great development prospects. This is a worthwhile project to look forward to.



For more information, visit:
Krypital Bounty Group: https://t.me/KrypitalBounty

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