Voltreum is a technology company that aims to democratize the trade of renewable energy across the power grid, increase renewable energy penetration, and create a more sustainable future. They plan to achieve this by developing innovative and environmentally friendly solutions. Their first product is Volt-X, a blockchain-based peer-to-peer (P2P) platform for transparent energy trading across the power grid, including smart microgrids and localized distribution networks, with a focus on fair pricing. .
Volt-X, together with Voltreum's cryptocurrency VOLT, will enable producers and consumers to seamlessly trade renewable energy through smart, interconnected, localized grids and microgrids. In doing so, Voltreum addresses two of the most important issues of the 21st century: rising energy demand and climate change.
The platform will enable peer-to-peer (P2P) trading of clean and renewable energy via interconnected local distribution networks and microgrids. Volt-X will integrate Distributed Energy Resources (DER) and battery storage technology to enable transparent energy trading and increase renewable energy penetration. In this way, Volt-X will solve two critical issues for the deployment and availability of renewable energy: the issue of time and the issue of space.
Regardless of peak demand, peer-to-peer trading will solve the problem of time by increasing the availability of renewable energy. The space problem will be solved by facilitating a borderless trading mechanism. In essence, Volt-X ensures energy reaches where demand exists, regardless of geographic barriers.
Volt-X creates asset monetization opportunities for prosumers (producers + consumers) and DER owners. Through this approach, Volt-X will promote deeper renewable energy penetration. The platform will assist countries that are looking to utilize blockchain technology to improve the performance and efficiency of their grids, especially those focusing on renewable energy generation and distribution.
On-demand energy trading through localized grids and smart microgrids will be driven by the underlying blockchain and cutting-edge technologies such as the Internet of Things (IoT) and cloud computing. For Voltreum, Volt-X is key to creating a multidirectional and borderless ecosystem for trading clean, renewable energy between energy surplus (sellers) and energy deficit (buyers) entities.
Enhancing renewable energy trade remains one of Voltreum's primary goals, but transparency, fair pricing and equity will be the guiding light before, during and after each trade. Volt-X will fuel Voltreum's vision to improve the availability of renewable energy while reducing global dependence on conventional fossil fuels to combat global warming and climate change.
Potential challenges that Voltreum may face include regulatory barriers, technical hurdles, and scalability issues. To overcome these challenges, Voltreum must work closely with governments, utilities and other stakeholders to ensure compliance and regulatory approvals. We also need to invest in research and development to continuously improve the functionality and extensibility of our platform.
In conclusion, Voltreum's Volt-X platform has the potential to revolutionize the renewable energy industry by enabling transparent peer-to-peer trading of clean energy across localized grids and microgrids. Voltreum is creating a more sustainable future for all of us by democratizing the trade in renewable energy. However, they will have to work through a variety of challenges to achieve their vision. By working closely with stakeholders and investing in research and development, Voltreum has the potential to transform the renewable energy landscape and help combat global warming and climate change.
More about Voltreum:
website; https://voltreum.com/
Whitepaper: https://voltreum.com/wp-content/uploads/2023/01/Voltreum-Whitepaper.pdf
Media: https://medium.com/@voltreum
LinkedIn: https:// /www.linkedin.com/company/voltreum/
Telegram group: https://t.me/voltreum_official
Twitter: https://twitter.com/voltreum
authorship:
Bitcointalk username: liny23
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1703111
Telegram username: @Liny
BSC address: 0xD7EB290dE4A5F442eb723941089fAe6D962E176b
Renewables are the future.
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