The Sitigrid distributed ledger technology, S-Chain, creates an immutable record of all energy that is generated and consumed within the network, enabling peer-to-peer trading of surplus electricity on the open market, through smart contracts and settlements. Sitigrid will optimise this local trading for customers using artificial intelligence and machine learning to maximise revenue for generators and minimize cost for consumers, moving the transaction from a national to a local level.
Sitigrid captures the provenance of energy generated within its network, providing an indisputable record for carbon trading. Sitigrid will be able to aggregate large quantities of micro-generated credits monetising at an increased value, addressing the issues with 'greenwashing'.
Sitigrid is agnostic upstream and downstream, able to interact with any enterprise architecture, from reading data from smart meters to interacting with supplier District Network Operators (DNO)s and Enterprise Resource Planning (ERP) systems.
Establishing local electricity markets moves the profit pool from the central energy market to the local energy market, incentivising distributed renewable electricity generation. This happens today (and is called embedded benefits) but is only really accessible to larger forms of generation and not small-scale generators.
...moves the profit pool from the central energy market to the local energy market, incentivising distributed renewable electricity generation
...helping to fix broken energy market
...for distributed renewable generation
...meaning less energy transferred at high voltage on a national level
...enabling strategic installation of distributed renewable generation and storage
...by providing more value from installing renewable assets and batteries