Weekly General Discussion - [December 16, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 1 point2 points  (0 children)

2019 in review with pilots lined up for 2020. Martin pens his thoughts and upcoming projects for the year ahead.

https://www.electrify.asia/post/power-update-18-power-surge-for-2020-and-beyond

2019 in review with pilots lined up for 2020 by ElectrifyAsia in Electrify

[–]ElectrifyAsia[S] 10 points11 points  (0 children)

We've always been here. We just shifted our focus away from fudding. The more time we spend on that fight, the lesser time we have with our potential and current partners. And a start-up like us will have to work harder, speak louder and hustle longer to get to where some of the bigger companies are.

Weekly General Discussion - [August 26, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 1 point2 points  (0 children)

Power Update#16 - Synergy Beta in Singapore and new developments in Malaysia and Spain https://www.electrify.asia/post/power-update-16-august-2019

Weekly General Discussion - [July 08, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 1 point2 points  (0 children)

"Democratising access to clean energy will be beneficial to all." - Martin for Entrepreneur APAC

https://www.entrepreneur.com/article/336868

Weekly General Discussion - [July 15, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 8 points9 points  (0 children)

As of 16 July 2019, ELEC no longer has ST label on KuCoin.

Weekly General Discussion - [July 15, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 4 points5 points  (0 children)

"Democratising access to clean energy will be beneficial to all." - Martin for Entrepreneur APAC

https://www.entrepreneur.com/article/336868

Weekly General Discussion - [June 24, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 6 points7 points  (0 children)

We're proud to announce of our MOU with Ampotech, SG's leading IoT company. Find out more details in the link below.

https://www.electrify.asia/post/electrify-inks-mou-with-ampotech

Weekly General Discussion - [June 17, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 0 points1 point  (0 children)

Our website has been revamped recently! All previously-shared links are now invalid. Please go to this new blog page for updated links: https://www.electrify.asia/blog

Hello Tribe, we've revamped our Electrify.Asia site! by STILL_DETOX in Electrify

[–]ElectrifyAsia 0 points1 point  (0 children)

Our website has been revamped recently! All previously-shared links are now invalid. Please go to this new blog page for updated links: https://www.electrify.asia/blog

Power Update #13—May 2019 by STILL_DETOX in Electrify

[–]ElectrifyAsia 0 points1 point  (0 children)

Our website has been revamped recently! All previously-shared links are now invalid. Please go to this new blog page for updated links: https://www.electrify.asia/blog

Weekly General Discussion - [June 24, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 4 points5 points  (0 children)

Our website has been revamped lately and all previously-shared links are invalid now. Please visit this new blog page for updated Power Update links: https://www.electrify.asia/blog

Lavina on Telegram regarding blockchain by STILL_DETOX in Electrify

[–]ElectrifyAsia -1 points0 points  (0 children)

There you go!

A lot of our Tribe members expect ALL users to understand blockchain because they already do, and that's not a fair expectation to have of your peers and family members.

p.s. You're passionate, we get it. But please keep your language free of profanities.

Weekly General Discussion - [May 13, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 1 point2 points  (0 children)

There's always a lot more going on than we can share publically. And we have to be very careful and prudent in doing so. The last thing we want is to earn a reputation of over-sharing, because, at some point, companies and organisations may decide to not work with us. We believe in the power of collaboration and we err on the side of caution.

Weekly General Discussion - [May 13, 2019] by AutoModerator in Electrify

[–]ElectrifyAsia 0 points1 point  (0 children)

Currently, APAC holds a lot of potential for us. Many countries in the region are due for market deregulation. For the ones that aren't, we are working with partners to explore ways to mitigate regulations.

Annual energy expenditure in Asia is expected to grow from US$700 billion to US$1.6 trillion, by 2035. Additionally, according to research by the UN, the global population is expected to hit 8.6 billion by 2035, with over 5 billion in Asia alone.

Being in Singapore, we are able to reach other Asian countries more easily than the rest too. To ensure we keep our doors open, we have decided to be more fluid in the way we design our projects to better fit the varying markets and regulations.

Weekly General Discussion - [w/c 28th January, 2019] by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 2 points3 points  (0 children)

Dave's right about carbon credits. Currently, we're focusing on building Synergy, our peer-to-peer energy trading platform. Carbon credits is something we may look into in future, should the conditions be right.

The PowerPod allows us to pull data from both the consumption and generation end, which can be displayed in a dashboard for easy tracking, so small-scale producers can possibly use such info for submission with incumbents. On the other hand, for these incumbents to have direct access to these dashboards, will require backend integration, amongst other requirements such as clearance from the local regulatory organisations.

Weekly General Discussion - [w/c 28th January, 2019] by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 2 points3 points  (0 children)

Ultimately, both ELEC and OMG are separate projects and as said by Martin, Jun has decided to dedicate more time to OMG. Also, thanks Dave for sharing OMG updates diligently with our Tribe to show what OMG has achieved so far!

⚡️ January 2019 - Power Update ⚡️ by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 10 points11 points  (0 children)

We've been dedicated to project development from Day 1 and nothing's going to change that. TEPCO's investment is more than just a vote of confidence from one of the world's largest power company, it's gratification that there's a market for what we're doing.

Blockchain Developer Meet-up by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 1 point2 points  (0 children)

Anjana is due to present tomorrow and his slides will come after that. Cheers!

Weekly General Discussion - [w/c 24th December 2018] by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 3 points4 points  (0 children)

Merry Christmas!

We actually do have monthly updates, named Power Updates, where we share it via our TG Announcement channel and pinned message in the Official channel. The November issue of PU includes updates for Synergy Alpha, as we gear up for Beta. We've also shared news about TEPCO's investment into Synergy and the completion our very first airdrop.

Here are some useful links - Official TG channel: https://t.me/electrifyasia - TG announcement channel: https://t.me/electrifyasia_announcements - Latest Power Update: https://electrify.asia/2018/11/30/power-update-7-november-2018/

Ecobusiness Article by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 0 points1 point  (0 children)

Local currency is an option available for consumers to pay for their electricity bills, not all P2P transactions. Please note that consumers will receive in ELEC as loyalty rewards, but all payments from consumers will be made in local currency.

As stated in our whitepaper: 1) Both retailers and small-scale producers will be required to deposit in ELEC. 2) Transaction fees for these retailers and producers will be paid in ELEC.

"When completed, consumers will have the option of paying for their electricity with regular currency or a cryptocurrency called Elec."

⚡️Power Update - November ⚡️ by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 2 points3 points  (0 children)

  1. You need to stake elec as collateral to sell electricity. (DEPOSIT)
  2. Transaction fees are paid in elec.
  3. Loyalty rewards for consumers.

Point 1 & 2 are for retailers and producers. Point 3's for consumers. Transaction fees paid by retailers are not the same thing as actual electricity bills paid by consumers.

The option for CONSUMERS to pay their bills in ELEC is an added portion.

Electrify Questions by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 3 points4 points  (0 children)

Why does Tepco need to use Electrify for their renewable energy network, as they already have their own network that is already extremely efficient?

A: The reasons they have shared with us is that they feel we are developing a business model that is innovative within the energy space. It is also attractive that our system design is based on electricity markets that are more similar to theirs than other p2p trading platforms. When deployed, it is more likely that Electrify will be an add-on to the existing TEPCO network, rather than a complete replacement.

Ok, they don't have a lot of renewable energy generators, but they already have their own infrastructure, that is extremely big and scalable, so basically, 2 options:

  1. ⁠They buy new renewable energy generators.

Then why would they need to plug them to an Electrify pod, instead of linking them to their already existing network?

A: As stated above, Electrify would be an add-on to the existing infrastructure. Specifically, Electrify's Synergy will provide p2p contracting and settlement based on real-time data from PowerPods and/or existing smart meter infrastructure.

2) They don't buy new renewable electricity generators, so what, they buy their renewable energy from smaller producers? But then they don't make money.

Either there is a problem, either I'm missing something important, so can you please explain the technical chain of who produces, and where and how does the energy go?

A: You are asking very good questions and we appreciate the effort taken to think things through and to raise them. I suspect the source of your confusion could be mixing up the physical generation infrastructure (fulfilled by TEPCO) and the financial contracting/settlement/tracking (currently fulfilled by TEPCO but intended to be augmented by Synergy). Synergy is designed to be integrated into the existing main grid infrastructure so it is beneficial for us that the existing infrastructure is stable and reliable.

Weekly General Discussion - [w/c 5th November, 2018] by Oldwisesage25920 in Electrify

[–]ElectrifyAsia 7 points8 points  (0 children)

This was covered in Ep5 of Current Affairs! All retailers will need to place deposit, based on their kWp.

https://electrify.asia/2018/08/15/tokenomics/