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SolarCoin is money, 1MWh of solar energy produces 1SLR ; similar to RECs but with the difference that SLR is intent for general and timeless circulation (like money!)
About
SolarCoin is the worlds first (solar) energy-backed currency: 1MWh of solar power = § 1SLR (independently and in addition to existing Government-backed subsidies). Over 15 TWh of solar energy have received SolarCoin (SLR) in 83 countries and over +7.000 individual solar installs are already participating to the worlds first Community-based (solar) incentive program. SolarCoin is a Digital Asset impacting and benefiting the entire Solar Industry Value Chain: ie Solar Manufacturers, Asset Managers, PV Owners, Inverter/Monitoring Companies, EPC's/O&M, Utilities, Governments, NGOs & central banks, allowing for uptake of Solar Power at a Global Scale, and thereby initiating and supporting the Global Energy Transition. SolarCoin runs its own Blockchain, a low-cost low-carbon POSt (Proof of Stake-time) technology since 2015 with 100% uptime and zero% hacking. Each MWh of solar energy produced through a solar install awards one SolarCoin to the solar owner. SolarCoin is like a "Solar Miles" reward program for solar electricity generation and is easily embedded through open-source tools to any Datalogger and/or solar monitoring company. The World´s largest solar monitoring platform and inverter producer, SMA-Sunny Portal is currently rolling out SolarCoin through its portal, thereby allowing upwards of 600.000 solar installations to potentially participate into the program. SolarCoin is a member of, among others: -The UN Sponsored Climate Chain Coalition and has presented at CCC-UN COP22 in Marrakech and recently COP25 in Madrid, -SolarPowerEurope, the European Solar Association based in Brussels, -The UK Solar Trade Association, -IRENA´s Coalition for Action on Climate Change -… SolarCoin has ongoing projects with the UNDP and has been recognized by IRENA as a reward for solar power producers worldwide.
Key Benefits
The SolarCoin solution focuses on Community and Financial inclusion, Prosumer and Household Engagement in the Energy Transition, Property Management, and enables the development of decentralized social networks and a decentralized platform for the collaborative economy: o At its root, SolarCoin is a Digital Asset that uses the features of DLT (Distributed Ledger Technology) to empower prosumers and households, thereby creating value (ie: the Network Value) in using this common currency. By distributing SolarCoin to solar power producers and creating nodes, the social and economic utility of this new currency builds up and creates transactional value for the community using it. SolarCoin has the advantage that it can be easily deployed with online, desktop and Smartphone tools/applications in a matter of minutes with zero-knowledge-proof. o Currently, there are 10 million individual solar installations globally that can deploy and implement SolarCoin (for free). It is estimated that a dozen solar monitoring platforms (such as SMA-Sunny Portal) run and log data on +-50% of these solar installations. Hence, targeting SolarCoin through these solar monitoring platforms can allow for rapid deployment of this financial solution. This can be done with the open-source SolarCoin API available to skilled Blockchain developers. o Upwards of +200million individual solar installations will come online in the next decade 2020-2030, as solar power increasingly becomes the cheapest form of energy across the globe. Node count can thereby be distributed democratically.
Applications
Nature of the application The application consists of a new form of money – a Digital Asset – in the form of SolarCoins. Any solar power producer can generate SolarCoins by : - Downloading the SolarCoin Wallet (mobile app and desktop interface are available), - Running the SolarCoin Wallet and generating a SolarCoin Wallet address, - Registering their solar installation facility (by providing Grid Connection documentation and-or third-party certified installation documentation, with address of the installation and user ID) The entire process is a 5 minute setup and is available to anyone with an internet connection. Solar Power producers get the SolarCoins for free. Anyone else interested in getting SolarCoins can get them from an online Exchange. Solar monitoring platforms can also add SolarCoin as an API to their existing Dashboards where they log solar energy data. SMA, the world´s leading inverter manufacturer is doing so and deploying SolarCoin on its SunnyPortal platform. The SolarCoin API is available open-source to developers and as well as the solar industry. As any digital currency and digital asset, other technology implementations such as offering a Custodian platform and/or online wallet applications (for the use of SolarCoins) and/or blockchain applications (for the use of the SolarCoin Blockchain “datalayer”) are also available to the solar industry and the Community of internet developers. The mobile and desktop apps are available for download at www.solarcoin.org