Energo Labs is a Shanghai-based international start-up that aims to promote Decentralized Autonomous Energy (DAE) community by integrating blockchain technology into the energy sector. In a microgrid setting, this means that energy producers, such as houses with solar PV panels, can buy and sell energy to their neighbours, or other energy consumers in the microgrid, either through real-time peer-to-peer (P2P) energy trading or by storing excess energy generated in a public microgrid battery.
This also allows for the application of shared EV charging, where energy producers can offer the excess energy they produce to electric vehicles through personal charging stations, filling in the gap of commercial charging networks that often require large infrastructure, space, and high cost. This also encourages the use of EV cars in a country, as electricity will be more abundant and cheaper than petrol and diesel.
Type of organisation
Rural electrification expertise
Off-grid system used