Gridsy

Gridsy is a public, enterprise-grade blockchain platform specifically designed for the energy sector’s regulatory, operational, and market needs.

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Inspiration

Egypt possesses an abundance of land, sunny weather and high wind speeds, making it a prime location for renewable energy sources. The renewable energy equipment market is potentially worth billions of dollars. The Government of Egypt is cognizant of the need for a sustainable energy mix to both address increasing demand, and to move to a more environmentally sustainable and diverse electricity sector. The 2035 Integrated Sustainable Energy Strategy, which builds on previous strategies, emphasizes the importance of renewable energy. Egypt intends to increase the supply of electricity generated from renewable sources to 20% by 2022 and 42% by 2035, with solar providing 25 percent by 2035. The private sectors is expected to deliver most of this capacity. In this project, we will show how to encourage private sector to invest in Egypt's solar stations.

Problem

The amount of radiation falling over the entire area of Egypt is more than 6 trillion kilowatt hours per day. That is, more than 100 times the electricity generated during the whole of 1996/97 . yet , we don’t make the best use of it . As Solar Energy Investments are facing some problems , its too expensive that there is no opportunity for Small and micro businesses and its not common for our people

Idea Brief

Our solution is to encourage investors from all over the world to invest in renewable energy in Egypt. This investment is not limited to large corporations, but also to the encouragement of small and medium enterprises, even individuals. By creating an open energy market.

Energy producers make their offers through Gridsy and then the consumer chooses the one that suits them. The transfer of energy is done via government energy grid. The product injects its production into the grid and the consumer takes his needs from the same grid.

This solution will significantly increase renewable energy plants. In addition to reducing the burden of energy subsidies on the government and the transformation of energy to an open market subject to supply and demand, which leads to competitive environment among investors. Renewable Energy Grid unleashing blockchain’s potential in the energy sector.

With a team of experienced energy and blockchain professionals to achieve our vision. Blockchain technology applied in the energy sector has the potential to reduce transaction costs, enhance data security and transparency, open markets to a larger number of active participants consumers and accelerate the transition towards a digitalized, decarbonized, decentralized and resilient energy system.

What it does

The energy transition is one of the most impact challenges facing society and energy supply. After a period of strong growth and as a key player in the energy market

Drive the Solar energy transition as a green grid operator and thought leader, developing innovative solutions

Secure supply today and tomorrow by maintaining the grid to meet reliability targets and operating it to its maximum capability.

Safeguard our financial health by Exporting energy to other countries

Accomplishments that we're proud of

We are Gridsy wants to:

  • Ensure a secure and continuous supply of solar energy
  • Provide a system services to guarantee the flow of Solar Energy in Egypt
  • Facilitate a smooth-running, liquid and stable solar energy market and to support the Small-scale transition to renewable
  • Provide buying services by transporting Solar energy to electricity grid from where it is produced to where it is consumed

Technology used

Blockchain can be defined as an immutable distributed ledger that verifies and records, in a safe and secure way, peer-to-peer transactions without a central authority. In recent years, blockchain is acquiring an increasing relevance, since it guarantees transparency for every transaction, creates trust through a shared database, and increases the efficiency of the transactions.

  • Blockchain apps used in Energy sector smart contracts and systems interoperability
  • The main benefits of blockchain 1) Reduced costs 2) Environmental sustainability 3) Increased transparency for stakeholders while not compromising privacy

Web and App Platforms To develop a user-friendly market place for solar energy

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