Energy-based blockchain applications and their contribution towards smarter energy communities
The energy industry has been consistently catalyzed by innovations including rooftop solar, electric vehicles, and smart metering. Now, the blockchain presents itself as the next emerging technology to spur growth in the energy sector through its smart contracts and systems interoperability. The World Economic Forum, Stanford Woods Institute for the Environment, and PwC released a […]
What happens to Solar Plants after their Lifespan?
There is an abundance of items that get better with age. For example: wines, cheeses, cast iron skillets, high-quality leather, and 401Ks. However, this isn’t the case with a lot of equipment you invest in. Whether it’s a car, tractor, or solar power plants, most of these have a finite useful life. While deciding if […]
Benefits of an Energy Marketplace
Energy providers around the globe are being forced to operate in a whole new world today. Everything and everyone is increasingly connected and energy customers are embracing innovative technologies and taking on new roles as both buyers and sellers of energy. At the same time, majority of society today overwhelmingly supports a quick transition to […]
9 Summer Tips for a Lower Energy Bill
By a great deal, the largest portion of your energy bill comes from your home’s heating and cooling system. With ACs running all day during the summer, energy customers can expect to receive some of their highest energy bills of the year between June and September. Fortunately, you don’t have to suffer in the summer […]
Monitoring your Energy Use with SunContract
We track calories, footsteps, miles per gallon, and even our mobile devices nowadays can be tracked, so why not track our energy use? At SunContract, we believe that people should have readily available data regarding their energy use, and for this reason we provide an energy monitoring system on our platform. What is Energy Monitoring […]
Benefits of an Energy Marketplace
Energy providers around the globe are being forced to operate in a whole new world today. Everything and everyone is increasingly connected and energy customers are embracing innovative technologies and taking on new roles as both buyers and sellers of energy. At the same time, majority of society today overwhelmingly supports a quick transition to efficient, […]
Blockchain Redefines Energy & Digital Trust
The emergence of blockchain technology in 2008 significantly revolutionised the payment system in the financial sector. And as time went by, more and more industries began to realise that they too could reap the benefits of this technology. One of these industries, was energy. For the longest time, in the energy sector, electricity could only […]
Rationale for Green Growth in Energy
Energy is an indispensable input to economic activity. Let’s take one second to consider the Industrial Revolution… Harnessing energy sources to replace manual and animal labour was the platform of the industrial revolution, which turned out to be a period of unparalleled economic and social development. Now in the 20th century, the world population has […]
The Evolution of Consumer Behaviour in Energy
It is evident that today’s consumers, in any sector, have little or nothing in common with the consumers of twenty or twenty-five years ago. This new profile is the result of numerous circumstances, in many cases inherent in the evolution of life and the progress of society, and in other cases related to the evolution […]
Energy Sector Joins the Sharing-Economy
Technology has radically changed almost every major industry as consumers take control and turn the world into a sharing economy. Airbnb has allowed homeowners to compete against major hotel chains; online booking sites like Expedia have eliminated the need for travel agents; Uber has turned the taxi industry on its head. In each case, existing […]
5 Simple Ways to Become More Sustainable
The World Economic Forum’s third annual Sustainable Development Impact Summit opened in New York City with an affirmation that the world has the science, data, know-how and public awareness to solve the challenge of climate change – what is needed now is intensified collaboration and communication to implement and scale solutions. The reality of things, […]
7 Reasons Why People are Going Solar
Many people are becoming aware that installing solar is a great energy efficiency upgrade for their homes, and they are eager to contribute towards a cleaner environment, all while improving the value of their property. The truth of the matter is, the sun is a near-infinite source of energy and a key component of achieving […]
8 Myths about Solar Energy - Debunked!
At SunContract, one of our primary goals is to ensure our customers have the information they need to make educated decisions about their investments in renewable energy. While there are a lot of resources available both online and offline, it can be overwhelming to navigate, and some of it is just straight up inaccurate! We […]
P2P Energy Trading – Is There a Market for It?
Traditionally, power systems have been supplied by large fossil fuel generation plants, with most people participating as passive consumers of electricity. But today, power systems are undergoing a fundamental transition, brought about by the rapid adoption of electric vehicles, roof-top solar, home batteries and other distributed energy resources. As a result of the transition of […]
P2P energy trading platforms - the renewables ally
Currently, almost 80% of the world energy is still provided by fossil fuels while energy demand is increasing in all regions of the world. In the face of climate change, environmental destruction and the rising cost of fossil resources, societies are driven to adapt and achieve sustainability. Renewable sources along with high energy efficiency are […]
Is the Future of Energy Really Digital?
The energy industry has undergone significant changes in recent years, and with these changes, it’s inevitable that there will also be some challenges. For example, the combination of more renewable energy resources, more distributed generation, and an aging grid means that the industry needs to evolve and roll out more complex distribution systems than there currently […]
3 Industries benefiting from Blockchain Technology
For the longest time, society has relied entirely on big intermediaries such as banks, energy retailers and governments to establish trust in our economy. We depended on these intermediaries to perform all the business and transaction logic – from authentication, to identification of people, through to clearing and settling of records. Overall, intermediaries have done a good job, but there continue […]
Understanding Market Capitalization in Crypto
If you’re dealing in cryptocurrencies, one of the terms you’re going to hear quite often is “capitalisation” or “market cap”. In today’s blog post, we’ll give you an easy explanation of what market cap means, and hopefully you can understand, after today, why it matters. If you go to coinmarketcap.com, you can see all the different crypto […]
SunContract’s SNC Token is ERC20… What does this mean?
By now, we must all know that SunContract’s SNC token is an ERC20 token… But do you know what it means to be of ERC20 standard? If not, don’t worry, you’ll soon be well informed! Ethereum Platform ERC20 tokens are designed and used solely on the Ethereum platform. The Ethereum platform consists of a blockchain that is […]
Blockchain — SunContract’s principal technology driving the energy transition revolution
Electric power systems around the world are rapidly changing. For over a century, these systems have relied largely on centralized, fossil fuel plants to generate electricity to end users. Utilities had a straightforward objective: to provide electricity with high reliability. Climate changes urged governments to set a new ambition for electric power systems. The way […]
Monitor Your Home Energy Usage with Blockchain-Based SunContract
Majority of homeowners who invest in solar power plants aim to either lower their energy costs or reduce their carbon footprint. The great thing about solar energy is that: no matter what your motivation is, installing solar power plants in your home will do both of these things for you. Once you have a solar […]
Let’s Talk Non-Renewables… Is There Really a Case for Renewable Energy?
We’ve all paid a utility bill or purchased gasoline. Those numbers on our bills represent the direct cost of fossil fuels; money paid out of pocket for energy from coal, natural gas, and oil. But those expenses don’t reflect the total cost of fossil fuels to each of us individually, or collectively as a society. Known […]
Global Outlook for Renewable Energy Investments
Renewable energy will march forward this year, due to “remorseless reductions in the costs of solar and wind electricity and of lithium-ion batteries,” Angus McCrone, the chief editor of Bloomberg New Energy Finance (BNEF) wrote in a commentary. Less investment in renewables Among the noted observations was that solar investments in 2018 tumbled to USD 130.8 billion mainly due […]
Five Benefits of Renewables that every Business Should Consider
As momentum builds for cities around the world to switch from fossil fuels to renewable sources, the number of households reported to be predominantly powered by clean energy has more than doubled since 2015. Businesses too, are beginning to realize that there are benefits that come with opting for renewable sources to power their operations. […]