Power2Peer operates a blockchain-secured peer-to-peer energy trading platform, P2PConnect, that enables users to buy and sell clean energy directly from one another, enhancing the financial viability of renewable energy projects. The mobile app reduces transmission and management costs, providing consumers with access to affordable clean energy while promoting sustainability and reducing carbon emissions.
Funding
$110K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The traditional energy grid lacks the infrastructure for direct energy transactions between consumers and producers, hindering the financial viability of renewable energy projects and limiting access to affordable clean energy sources. Existing systems often involve high transmission and management costs, reducing the profitability for producers and increasing expenses for consumers.
Solution
Power2Peer offers P2PConnect, a blockchain-secured peer-to-peer energy trading platform that enables users to directly buy and sell clean energy. The platform leverages a software-defined network controller (SDNC) to optimize energy transmission from clean energy sources to end-users. By decentralizing the flow of power, P2PConnect aims to enhance returns on renewable energy investments while providing consumers access to affordable, community-sourced clean energy. The mobile app provides a marketplace for buying and selling power, reducing transmission and management costs associated with traditional energy distribution. All energy transactions are logged on a blockchain ledger, providing transparency and security.
Target Audience
The primary target audience includes residential and commercial consumers and producers of renewable energy, particularly those involved in solar power generation and electric vehicle charging.
Features
- Mobile app for registering as a producer, consumer, or both in the energy marketplace
- Blockchain ledger for secure and transparent logging of all energy transactions
- Software-Defined Network Controller (SDNC) for optimized energy transmission
- Virtual Clean Power Network (VCPN) to connect solar DERs and distribute clean energy to EV charging stations
- Cloud-based control system for remote management of solar power generation systems
- Access to billing and usage statistics through the app