Decentralized Energy Grid (DEG)

Decentralized Energy Grid (DEG)

Overview: The Decentralized Energy Grid (DEG) redefines energy distribution by allowing consumers and producers to interact directly without relying on centralized utilities. DEG leverages blockchain to create a transparent, secure, and efficient marketplace for energy trading.

Key Features:

• Peer-to-Peer Energy Trading: Individuals and businesses can trade surplus energy generated from renewable sources such as solar panels, wind turbines, or biomass units.

• Smart Contracts: Automate transactions based on predefined conditions, such as energy price caps, availability, or time of day.

• Energy Tokenization: Energy units are tokenized, making them easily tradable on the blockchain. Users can buy, sell, or store energy tokens as per their needs.

• Dynamic Pricing: Prices fluctuate based on real-time supply and demand, encouraging efficient energy consumption and production.

Benefits:

• Cost Savings: Consumers can access cheaper energy directly from producers, bypassing traditional intermediaries.

• Energy Efficiency: Reduces transmission losses and promotes localized energy consumption.

• Empowerment: Communities gain control over their energy sources, fostering energy independence.