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 for 2+ years. 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modern world where consumer behaviour is gravitating towards greater inclusion and environmental consciousness, this outdated system has a number of shortcomings and it needs to change.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

Lowered energy costs for local customers by up to 40%
Financial Disclosure of project
Introduced revamped electricity invoice with savings included
Received €4.659M Horizon 2020 grant along with BRIGHT partners
Approved Estonian License to become cryptocurrency wallet custodian
Team grows by 10+ employees
Tripled energy producer capacity contracts signed for 2021

2019

Increasing of electricity sales for 50%, growth of clientele approx. 40%
Partnership with local municipality
Platform UX upgrade
Along with SunContract partners received $2.1M EU Grant for R&D
New electricity management portal
Onboarding of industrial and commercial energy customers
5000+ registered users
Opens new operational office in Estonia

2018

SunContract energy marketplace platform launches to the national market
First trading with electricity
Enabling electricity purchasing with SNC crypto tokens
Mobile and Web App first version
Introduction of fiat gateway to the SunContract platform
SNC token listing on top global exchanges
SunContract’s world introduction trough Euro-Asia tour through 18 countries

2017

Crowdfunding on blockchain completed
Promotion of SNC token
New Crypto Exchanges listing of SNC token
Testing SunContract energy marketplace platform
Balance Responsible Party in Slovenia established

2016

Analyzing markets
Legal matters
Blockchain in energy analysis
API + Data gathering
Crowdfunding preparation activities

Download the APP!

Start buying or selling energy using SunContract.

SunContract is the EASIEST way for producers and consumers of electricity to trade clean electricity, helping consumers save money and producers increase their profitability, and not at the expense of the environment.

Download our easy-to-use mobile app or access the platform on your computer online to have an up to date overview on your electricity production and/or consumption.