Energy Web

Description

Energy Web is a nonprofit organization using blockchain technology to accelearte the global energy transition through a open source decentralized digital infrastructure that connects grid operators, customers, and energy assets (like solar panels, batteries, and electric vehicles) to create a more flexible and efficient energy system. Energy Web is focused on developing an ecosystem of users and application developers and infrastructure providers to work jointly to identify and assess blockchain use cases in energy across security, transparency, and efficiency. It has build an open source IT infrastructure upon which these use cases can be implemented and used to educate regulators and other stakeholders.

What Makes it Regenerative?

• supports renewables
• enables access & participation
• fosters community
• facilitates coordination & consensus
• enables measuring & monitoring
• enables learning & knowledge sharing
• supports open source

Business Model

Energy Web operates as a nonprofit whose platform is free and open source. It generates revenues through membership fees from companies and organizations that participate in the network. EnergyWeb may also seek grants and funding from governments, foundations, and other institutions to support its development and operations. EnergyWeb might also offer consulting services to help organizations implement its blockchain solutions. In addition, while not a primary revenue stream, EnergyWeb's platform uses its own token (EWT) to incentivize network participation and facilitate certain transactions.

Risks & Limitations

• Technology adoption hurdles in the energy sector
• Inbumbents resistant to change
• Competition with established industry standards
• Technical barriers with scalability and performance
• Security vulnerabilities
• Decentralization challenges
• Governance complexity
• Network effects take time to add value