[Review] Recent Eloncity News (August 10th - 23th)

Hello, Today I will update you about Eloncity News from August 10 to present.
Eloncity decentralizes our power infrastructure into millions of self sufficient microgrids. Locally produced energy is available 24/7 and directly competitive to utilities. Energy price becomes transparent to all. People use eloncity’s open technologies to make electricity virtually free so that we can electrify the world with clean energy.

LATEST NEWS
- 10 Aug 2018:
Come vote for ELONCITY on icohub! http://ico-hub.org/icos/24485 , login with your telegram account and hit the "You Upvoted" on Eloncity's voting page. Once you logged in, you will get hub tokens for it as well! Click more details

- 15 Aug 2018:
Billionaire Sanjeev Gupta’s company SIMEC Zen Energy has invested heavily in Australian #renewable #energy. “The 600 gigawatt hours of generation per year was enough to power 96,000 average homes, with its 780,000 solar panels across 11 square kilometers.” Click more details

- 16 Aug 2018:
ELONCITY's ECTP is based on blockchain technology to create a highly efficient and trusted community-based electricity exchange platform. It also specifies hardware devices and power network requirements for peer devices to exchange electricity on the blockchain platform. Click more details

- 20 Aug 2018:
The ECT is a utility token designed to facilitate energy exchange within an Eloncity microgrid (i.e., ECTP- compliant microgrid) and among adjacent Eloncity microgrids. Click more details

- 21 Aug 2018:
The short and sweet is renewable energy is here to stay. $2.9 trillion has been invested since 2004. 2018 welcomed a 29-fold increase in investment in the United Arab Emirates and a 810% investment increase in Mexico. Click more details

- 22 Aug 2018:
Recently, the United Nations’ Clean Energy Ambassador Dai Zhen officially joined the Eloncity team as an advisor. Dai Zhen has profound insight and abundand experience in both the blockchain and energy industries. Click more details

- 23 Aug 2018:
The #Eloncity design includes locally solar PV arrays or windmills, and intelligent networked BESS for maintaining local electric service stability, flexibility and resilient energy supply during grid service disruptions and emergency events. Click more details

Follow Eloncity Twitter channel at https://twitter.com/Eloncity_io to get the latest updates and news from the Team.

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.

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.

The Public Sale event of Eloncity was planned to start for contribution in Q3/2018 via Tokeneed ICO platform.

For more details about Eloncity, please visit:
Eloncity Official Website: http://eloncity.io/
Whitepaper: https://eloncity.io/download/whitepaper-20180717update.pdf
Medium: https://medium.com/eloncity
Twitter: https://twitter.com/Eloncity_io
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Tokeneed: https://tokeneed.com/

This article was originally edited by kimdung1709
Bitcointalk URL profile: https://bitcointalk.org/index.php?action=profile;u=2296878
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