Shanghai’s En­ergo Labs pro­poses de­cen­tral­ized en­ergy trad­ing in PH

Manila Times - - CORPORATE NEWS - JORDEENE LAGARE

A SHANGHAI- BASED startup is seek­ing to de­cen­tral­ize en­ergy pro­duc­tion and con­sump­tion in the Philip­pines.

In a state­ment, En­ergo Labs said its “de­cen­tral­ized so­lu­tion en­cour­ages com­mu­ni­ties to first use the re­new­able en­ergy gen­er­ated in the mi­cro­grid, thus de­car­boniz­ing the en­ergy sec­tor, and also pro­vides so­lar PV [ pho­to­voltaic] cell own­ers a new source

A mi­cro­grid is a small- scale power grid of that can op­er­ate in­de­pen­dently or in con­junc­tion with the main elec­tri­cal grid of a cer­tain area.

Ac­cord­ing to En­ergo Labs, its smart me­ters gauge the en­ergy pro­duced and con­sumed by ev­ery house­hold in the mi­cro­grid, as well as the amount bought and so­lar be­tween houses.

It will use a dig­i­tized public ledger of trans­ac­tions, called blockchain tech­nol­ogy, to carry out the buy­ing and sell­ing of en­ergy through its mo­bile ap­pli­ca­tion, while en­sur­ing all data is se­cure and trans­par­ent.

To en­sure en­ergy se­cu­rity, it pro­poses the cre­ation of de­cen­tral­ized au­ton­o­mous en­ergy ( DAE) com­mu­ni­ties so that power sup­ply can be pro­duced any­where and shared be­tween con­sumers around the neigh­bor­hood.

“De­cen­tral­ized ecosys­tems also min­i­mize the prob- lems caused by large in­fra­struc­ture, while al­low­ing En­ergo Labs added.

The com­pany said it cur­rently uses mi­cro­grids with a stor­age sys­tem, en­abling power pro­duc­ers, in­clud­ing those with so­lar pan­els, to sell their en­ergy to their neigh­bors.

“This type of peer- to- peer ( P2P) en­ergy trad­ing, based on in­fra­struc­ture that will be op­er­ated and main­tained by the lo­cal com­mu­nity, opens up the en­ergy mar­ket and al­lows ar­eas to meet their base Labs ex­plained.

En­ergo Labs noted about 17 per­cent of Filipinos to­day still have no ac­cess to elec­tric­ity. Un­der the Depart­ment of En­ergy ( DoE)’s house­hold elec­tri­fi­ca­tion drive, the Na­tional Elec­tri­fi­ca­tion Ad­min­is­tra­tion ( NEA) is tar­get­ing to en­er­gize 2.58 mil­lion house­holds in the coun­try, mostly in Min­danao.

It also cited the fre­quency of nat­u­ral dis­as­ters in the Philip­pines, the vul­ner­a­bil­ity of the three ma­jor grids to dam­age, and the fact that gen­er­a­tion sites are far from the load cen­ters.

The com­pany said it has projects un­der­way in the coun­try and will also be launch­ing var­i­ous un­der­tak­ings in South­east Asia, the Nether­lands, and Korea.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.