Enabling microgrid transactions

[IMPACT] Please describe your proposed solution.

Surplusmap.com locates surplus energy and connects power producers and power consumers. This is super important if we are to meet any of the green energy targets and also empower those that have access to local resources to use them effectively.

We are struggling in the USA and Europe to utliise the full capacity of our renewable energy due to grid congestion and lack of infrastructure. This will only get worse as the production of electricity become more and more decentralised.

This problem is compounded in countries across Africa where the electricity grid is underfunded and needs huge investment.

Along with our platform for project development of new sites, building datasets to help in identification of resources we plan to use Cardano to enable a payment system for this micro production of electricity.

We plan to link power producers who have excess energy to other local users that they may not be aware of, or facilitate new business where there is reliable excess power being produced. Where there are multiple inputs from various power producers there will need to be a decentralised system that can facilitate transactions and administer payment.

This is where NFTs and Cardano come in.

NFTs or tokens will be minted whenever a power producer connects to the SurplusMap platform and provides electricity.

These NFTs of tokens will be stored in a smart contract that will be drawn upon by a power consumer and paid for directly. This will produce a full decentralised and local marketplace, potentially off the main grid. Further these tokens can be traded on secondary markets giving wider access to a solution to a very local problem.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

The impact will be huge across Africa. It will enable every landowner or building owner to monetise the excess power that is produced from solar panels or other form of renewable energy.

It will enable small business, schools or new business to utilise locally produced, sustainable energy.

It will create millions of Cardano users.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

We have a lot of experience in the industry and are enthusiastic blockchain supporters. One of our team has submitted papers in other industries that have been accepted. We do have a strong developer team in place already.

As with all good products we need to explore the idea further and develop a proof of concept that can generate further funding. This funding could be formally through investors or through the sales of tokens or related cNFTs.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

We are already an established company in the space. We need to produce a feasibility study that will take this idea to the next stage.

[FEASIBILITY] Please provide a detailed budget breakdown.

Not available yet.

[FEASIBILITY] Please provide details of the people who will work on the project.

See surplusmap.com

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Yes, we see this project as a long term engagement that needs to be supported by the community. If we see potential in our proof of concept then we plan to engage with the Cardano user base and raise funds through NFT or token sales.

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

We are a public limited company and hold regular board meetings. We publish our accounts to the Norwegian authorities where we are based.

[AUDITABILITY] What does success for this project look like?

The initial part of the project will be a proof of concept extending our idea further.

If the idea takes off then massive scaling of idea across Africa. Morocco for example has the biggest solar power planning the world. The Noor Solar Complex is a 500MW solar park located in the municipality of Ouarzazate in the Agadir district of Morocco.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

New idea.

Sustainable Development Goals (SDG) Rating

SDG goals:

Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all

SDG subgoals:

7.2 By 2030, increase substantially the share of renewable energy in the global energy mix

Key Performance Indicator (KPI):

7.2.1 Renewable energy share in the total final energy consumption

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