Synergy is Electrify’s peer-to-peer (P2P) energy trading platform that is designed to operate across a city-wide power grid like Singapore.https://electrify.sg/
Synergy is Electrify’s peer-to-peer (P2P) energy trading platform that is designed to operate across a city-wide power grid like Singapore.
Leveraging blockchain technology, IoT, and AI, Electrify has expanded beyond Singapore to connect energy producers and consumers on a peer-to-peer trading platform across citywide grids. This will ultimately spur the growth of renewables as well as give consumers more choice and savings when selecting their electricity providers in a deregulated market.
ENGIE Factory is working with Electrify to pilot peer-to-peer (P2P) trading for renewable energy for Asia. The goal is to develop a next-generation energy-management mechanism for the smart grid that empowers consumers to trade renewable energy they produce and drives greater adoption of renewables. Having an open and transparent trading platform for renewable energy will also enable price discovery for locally produced renewable energy. On the supply side, we hope the resulting pricing transparency will encourage more investment in renewable infrastructure.