Emissium

AI Quick Summary

What problem would you like to solve? Who are your costumers and how will they profit from a solution?In context of the energy transition, electricity is becoming the main energy carrier, with an increasing share of renewable resources connected to the grid. As a result, the electrical grid architecture is steadily moving towards a distributed configuration, in which large-scale centralized power plants are being replaced by small-scale distributed energy resources.This makes it progressively difficult for power companies to coordinate, control and track electricity flows in the power grid. Power companies are unable measure the quality of the electricity they manage, a crucial task as societal expectations change towards green, sustainable electricity. Emissium offers a solution by connecting key players across the power grid, efficiently collecting and using real-time data to assess the real environmental impact associated with electricity down to districts. Emissium is an ecosystem that leverages the decentralized nature of blockchains to overcome current scalability, transparency and accuracy issues in tracing electricity generation from both renewable and fossil sources.Power companies can adopt Emissium to improve transparency with their own clients and access a reward scheme for green electricity production. In addition, our software will help them to effectively implement grid decarbonization projects such as improving synchronization between electricity generation and consumption or optimizing the deployment of clean storage. Corporate consumers and smart device vendors can make use of Emissium to enable clean energy use in buildings and industry, offset carbon emissions and invest in local green energy while meeting their climate targets.How does your project idea affect energy savings or CO2 emissions?According to the international energy agency, 40% of global emissions in 2020 were due to the power sector and electricity generation is expected to increase threefold in the next 30 years. As a result, acting on the electricity sector will bring the most cost-efficient and fast benefit to the climate challenge. The environmental impact of the electricity varies significantly depending on when and where consumption occurs. This makes the carbon content of electricity a powerful information, which is essential to efficiently exploit renewable capacities and avoid unnecessary emissions. It is needed in projects for the decarbonization of the energy end-use and for making informed environmental decisions in context of the energy transition. Emissium’s unique ability to track and forecast carbon emissions allows electricity consumers to assess their real carbon footprint, automate environmental decisions by means of its AI engine and have a true impact on the sustainability of their energy consumption. Furthermore, Emissium enables carbon offsetting by allocating rewards to electricity producers depending on their green generation. Such mechanism spurs competition among generators and accelerate their transition to renewable production while allowing consumers to invest into local green projects.In this sense, Emissium promotes a more sustainable living by enabling fair carbon offsetting and by significantly reducing the emissions of greenhouse gases through its AI engine.Current status and activities, resources neededEmissium is a pre-seed start-up which has received a total of 130’000 CHF in form of non-dilutive funding. Our goal is to obtain additional grant awards of ideally 200’000 CHF prior to incorporation, which we plan to achieve by early 2023. Emissium is a pure tech company with lean cost structure. Our only real asset is human capital, therefore our financial effort is fully dedicated on expanding our team. Furthermore, our goal is to build a sounding board community that would help us to ensure a market-oriented development by sharing insights with experts while creating a community of loyal customers. We see in the Energy lab challenge a great opportunity to connect with key players in the power sector, whose feedback would help us steering our project into the right direction and boost our business forward.

Project Idea Metadata

Project Idea Name: Emissium
Date: 6/6/2022 5:07:26 PM
Administrators:

Project Idea Description

What problem would you like to solve? Who are your costumers and how will they profit from a solution?

In context of the energy transition, electricity is becoming the main energy carrier, with an increasing share of renewable resources connected to the grid. As a result, the electrical grid architecture is steadily moving towards a distributed configuration, in which large-scale centralized power plants are being replaced by small-scale distributed energy resources.

This makes it progressively difficult for power companies to coordinate, control and track electricity flows in the power grid. Power companies are unable measure the quality of the electricity they manage, a crucial task as societal expectations change towards green, sustainable electricity. Emissium offers a solution by connecting key players across the power grid, efficiently collecting and using real-time data to assess the real environmental impact associated with electricity down to districts. Emissium is an ecosystem that leverages the decentralized nature of blockchains to overcome current scalability, transparency and accuracy issues in tracing electricity generation from both renewable and fossil sources.

Power companies can adopt Emissium to improve transparency with their own clients and access a reward scheme for green electricity production. In addition, our software will help them to effectively implement grid decarbonization projects such as improving synchronization between electricity generation and consumption or optimizing the deployment of clean storage. Corporate consumers and smart device vendors can make use of Emissium to enable clean energy use in buildings and industry, offset carbon emissions and invest in local green energy while meeting their climate targets.

How does your project idea affect energy savings or CO2 emissions?

According to the international energy agency, 40% of global emissions in 2020 were due to the power sector and electricity generation is expected to increase threefold in the next 30 years. As a result, acting on the electricity sector will bring the most cost-efficient and fast benefit to the climate challenge. The environmental impact of the electricity varies significantly depending on when and where consumption occurs. This makes the carbon content of electricity a powerful information, which is essential to efficiently exploit renewable capacities and avoid unnecessary emissions. It is needed in projects for the decarbonization of the energy end-use and for making informed environmental decisions in context of the energy transition.

Emissium’s unique ability to track and forecast carbon emissions allows electricity consumers to assess their real carbon footprint, automate environmental decisions by means of its AI engine and have a true impact on the sustainability of their energy consumption. Furthermore, Emissium enables carbon offsetting by allocating rewards to electricity producers depending on their green generation. Such mechanism spurs competition among generators and accelerate their transition to renewable production while allowing consumers to invest into local green projects.

In this sense, Emissium promotes a more sustainable living by enabling fair carbon offsetting and by significantly reducing the emissions of greenhouse gases through its AI engine.

Current status and activities, resources needed

Emissium is a pre-seed start-up which has received a total of 130’000 CHF in form of non-dilutive funding. Our goal is to obtain additional grant awards of ideally 200’000 CHF prior to incorporation, which we plan to achieve by early 2023. Emissium is a pure tech company with lean cost structure. Our only real asset is human capital, therefore our financial effort is fully dedicated on expanding our team. Furthermore, our goal is to build a sounding board community that would help us to ensure a market-oriented development by sharing insights with experts while creating a community of loyal customers. We see in the Energy lab challenge a great opportunity to connect with key players in the power sector, whose feedback would help us steering our project into the right direction and boost our business forward.