Decentralized Energy Corporation
Project Idea Metadata
- Project Idea Name: Decentralized Energy Corporation
- Date: 8/16/2023 5:35:17 PM
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Administrators:
Project Idea Description
THE PROBLEM WE ARE SOLVING
In Europe, in the last two years, the electricity price more than doubled, this directly hit the high electricity consumption businesses and all the households. Furthermore, it indirectly affected the prices of all consumer goods.
As of today, 39% of the consumed electricity comes from burning fossil fuels, which is making it difficult for businesses to fit ESG standards.
OUR WAY TO SOLVE IT
At DEC we create the tool to democratize green energy production while boosting the decarbonization process, bringing the needed capital to accelerate the green energy transition process.
High electricity consumption businesses and households can now easily become electricity producers, purchasing one or more fractions of green energy plants. By doing that, they secure themselves a predetermined green energy production at an advantageous cost, exponentially cutting their bills. In this way, businesses are also improving their ESG ratings.
The energy produced by the plant will be sold. The revenues generated will be distributed between the fraction owners like a dividend.
This fraction will be listed on already populated marketplaces, through which it could be sold or bought, making green energy plants a liquid asset as never before, following businesses' and households' capital needs!
HOW IT WORKS
Thanks to our partners (energy plant builders and investors) we spot the most profitable scenarios in which create a green energy plant (e.g. photovoltaic plant).
Once we spot the right opportunity, we will fund its creation through debt. Our implementation partner will build the plant, and also take care of its maintenance.
When the plant is created we fractionalize it and we propose high electricity consumption businesses and households to invest in the project, purchasing one or more fractions of the plant, exponentially cutting their bills.
CURRENT STATUS & PREVIOUS ACTIVITIES
Testing the market we have just pivoted from an investment product for wealth management firms to a hedging solution for businesses and households.
Why do we have pivoted?
Talking with local wealth management firms (in our network and beyond) we understood the timing was bad since the needed infrastructure to acquire, manage, and custody our product for their clients is missing.
To avoid burning resources we pivoted to B2B and B2C, waiting for the previously described infrastructure to come back and target also the B2B2C market.
We have created a prototype of the product we are offering starting from a real case on which Nicola Scarinzi (CEO & Co-Founder) is working. Thanks to this we're also in contact with Enertel (founded by EDP, the largest electricity producer and distributor company in Portugal and Spain) which could be our future implementation partner.
In the next weeks, we'll test our prototype on the new market.
Thanks to Lexify, our law firm, we have also defined the legal structure (grey area) that better fits our product: asset token.
RESOURCES NEEDED
As previously said, in the next weeks, we're going to test the market. Collecting interest and product validation we're going to look for more energy plant investors, like Enertel, that could implement our solution.
We're sure that Energy Lab is the perfect player to connect us with its network of high-electricity consumption businesses and energy plant investors.
Talking about money, we need 20k to go to the market:
- 15k for FINMA approval, thanks to this money we will commission our lawyer on the procedure for FINMA approval letter enabling us to legally sell our product.
- 5k for the first website version, money needed to develop the initial version of our website. it will allow us to sell our product to early customers.
At DEC we’re accelerating the green energy transition process, democratizing green energy production, enabling businesses and households to purchase a fraction of energy plants!
By doing that, they secure themselves a predetermined energy production at an advantageous cost, exponentially cutting their bills.