Victor Ugochukwu · Dec 14, 2020 . 5min read
California Energy Commission partners with EVShare for experimental Blockchain pilot
The California Energy Commission will partner with blockchain startup EVShare for an experimental pilot programme which will aim to reduce carbon footprints.
By Shilika · Aug 11, 2020 . 4min read
The California Energy Commission (CEC) announced that it is investing $9 million in a blockchain project. Therefore, the project aims to reduce carbon emissions and encourage the use of renewable energy.
The CEC is partnering with blockchain startup EVShare. The startup has received a total of $20 million so far, with $9 million coming from the CEC. It will support an advanced energy community pilot in a disadvantaged community in Los Angeles, California. Additionally, the project will rely on Bitcoin-powered smart contract platform RSK. Moreover, the infrastructure built by RSK will store data about solar panels, energy storage, and electric vehicle and charging infrastructure.
Community members who participate in the pilot programme will receive digital tokens as rewards. The reception of the tokens is conditional on their ability to reduce their carbon footprint and using renewable energy.
EVShare’s stated goal is to help 1000 cities transition to a sustainable sharing economy over the next ten years. The startup plans to connect solar roofs and solar energy systems to shared electric vans. The system will transfer energy from the roofs to the vans. The energy can help power the vans for van-pooling, which is an eco-friendly mode of transport. Thus, participants can sell extra energy back to the grid or use it themselves.
“The future of urban energy supply lies in community-centric networks like the pilot we’re pioneering in Bassett. We’re proud to be a key participant in the prosumer network program with a consortium of leading tech companies, and to have the opportunity to prove the benefits of creating a smart grid that’s anchored to a tamper-proof blockchain.” – EVShare CEO Eduardo Javier Munoz.
Along with money from the CEC, the likes of UCLA, Google, ACLIMA, Space AI, and so on are also supporting the project.