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modern world where consumer behaviour is gravitating towards greater inclusion and environmental consciousness, this outdated system has a number of shortcomings and it needs to change.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

2016

Pre-ICO

ICO activities
Analyzing markets
Legal matters
ICO marketing
API + Data gathering

2017

August

End of ICO
Payouts bounty
New team members/partners

Registration of SPV for energy pool
New exchanges
Rebranding
Promotion of SNC currency
API update
Data to Blockchain
Balance Group

2018

First trading with electricity
Activities for first customers on the platform
Testing platform
First stage of the platform
Mobile app
Web app

SunContract platform commercially deployed
Launch event
National level platform use
New partnerships

Q2-Q3

Introduction of fiat gateway
Customers can pay on the platform with EUR
Introduction of referral program
Trade fairs
Exchange listing

Q2-Q3

Partnerships
Customer acquisition
Energy producer events
Euro-Asia tour

2019

2nd stage of platform available
Platform upgrade
More prosumer sessions
Trade fairs
Partnership with local Municipality
Commercial onboarding

SunContract marks 1 Year anniversary
Summits
Platform upgrade
SunContract receives $2.1M EU Grant for R&D

New electricity management portal
New electricity packages: SunContract SIMPL and PREMIUM
Onboarding of industrial and commercial energy customers
Announces 5000+ registered users
Opens new operational office in Estonia

2020

Q1-Q2

Introduced new electricity packages
Lowered energy costs for local customers by up to 40%
Financial Disclosure of Project

Introduced revamped electrcity invoice
Received €4.659M Horizon 2020 grant along with BRIGHT partners
Approved Estonian Licence to become cryptocurrency wallet custodian

Team grows by 10+ employees
Tripled energy producer capacity contracts signed for 2021
Launch of new SunContract website

Q4 2020 – Onwards

Development of a P2P retail-level cross-border energy tradingmarketplace infrastructure for crossborder P2P energy trading between countries
Rolling out of new,global crypto services due to SunContract’s recently acquired Estonian cryptocurrency licence

Onboarding of financial partners to facilitate internationalization of the SunContract Project

Onboarding Artificial Intelligence (AI) and Machine Learning (ML) experts to new platform’s horizon of services and working towards increased computational speed – making the platform scalable for 1M+ users

Redesign of SunContract mobile apps to introduce new global services and products and improve user experience
Market share expansion due to event driven architectural development of the platform that facilitates scalability of platform locally and internationally

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.