A blockchain innovation with the goal of a green energy future

SunContract’s  vision is  to create a GEM – Global Energy sharing & trading Marketplace that allows  each and every  energy customer (residential, commercial and industrial) to  interact directly with one another, without a need for intermediaries,  allowing them to become more  sustainable  and  energy  self-sufficient.

Our blockchain application has successfully been in operation from the year 2018. Our energy clients include residential, industrial and commercial businesses in Slovenia – EU. Reducing the reliance of energy customers on fossil fuels is a major focus of SunContract’s efforts to mitigate climate change and we view blockchain as a promising technology for achieving this.

Clean. Green. Decentralised.

Our blockchain-based business model allows renewable energy producers to sell energy to the end customers directly. As a result of eliminating a central intermediary, we increase feasibility of renewables. This is because producers of renewable energy can raise their prices, while consumers can lower their prices at the same time.

The global energy market is estimated to be worth:

However, it is largely centralised by a few corporations. As a result, energy retailers and wholesalers tend to participate in an oligarchy that negatively affects customers. Consequently, the contribution of energy customers is restricted to subscription of energy services as opposed to active participation on these energy markets.

But in the modern world where consumer behaviour is gravitating towards greater inclusion and environmental consciousness, this outdated system has a number of shortcomings and it needs to change. The goal of our innovation is to incentivise energy customers on both sides of the production and consumption equation to want to either produce cleaner energy or consume more of it.

We harness science and innovation to solve this

SunContract’s blockchain-based innovation meets the needs of the evolved, now-active and environmentally conscious electricity customers. We do this simply by allowing them to make their energy-related decisions by themselves.

Instead of forcing producers to dump surplus power back to the power grid, SunContract is embracing the transition towards a sharing economy. We allow domestic producers of electricity to share their energy with loved ones or sell it directly to strangers on our blockchain based energy marketplace.

The replacement of energy suppliers with mathematical algorithms based on blockchain technology, smart contracts and artificial intelligence, removes margin costs which energy market participants have been subject to. It also allows these energy market participants to split amongst themselves the profits that the energy supplier would have otherwise received in the traditional business model.

SunContract’s blockchain based application is compatible with existing grid infrastructure and also compliant with the existing framework of legislations.

We support the UN’s Sustainable Development Goals

A focus on
renewables only,
to support SDGs

At SunContract, we believe that all technology and innovation should contribute towards all three dimensions of sustainable development – economic, social and environmental – and our energy marketplace achieves all three.

Become efficient

Save more

Earn more

Go green

Our progress:

Onwards:

Setting up a new P2P energy marketplace for dynamic pricing
Rolling out a new, global crypto energy services
Development of a P2P retail-level cross-border energy trading marketplace infrastructure for cross border P2P energy trading between countries
Development of new AI based services
UX upgrade and frontend redesign of SunContrct Mobile and Web Apps
Market share expansion

2021

Platform upgrade specifically for self-sufficient villages
Received an Energy Award from Slovenian national newspaper Finance
Named as one of Europe’s Best Green Startups by Valuer Magazine
Onboarding Artificial Intelligence (AI) and Machine Learning (ML) experts to working towards platform scalability for 1m+ users
Team increased by 30%

2020