ONDER
What is the specific problem you are addressing?
Energy space is a very complicated, regulated and post-processing market. After the energy is transferred from producers to consumers, it takes lots of time to make all the commercial calculations, understand who owes money to whom, make settlements, billing and then money transferring. That leads to huge costs, boosted prices for an end consumers, and is often accompanied by misunderstandings about the results of calculations and legal issues. The owners of such assets like storages, smart homes, electric vehicles and others, can be providers and consumers of the energy at the same time. So we can talk about transition from one way system to muliway system or transition from traditional energy system to so called Transactive Energy. Transactive Energy is characterized with peer-to-peer interaction without middle man. The built-in transaction system and smart contracts for quick fixing of the arrangement and billing between people, devices, and systems among themselves is one of the key elements of a new power system.
What is your offering and how does it transform/disrupt the energy sector?
ONDER is a platform for metering and micropayments, suitable to launch digital energy services. This opens up the markets and gives the customer freedom of choice in Smart Grid services. Consumers and prosumers can sell energy straight to the grid without intermediary, they can choose local clean energy sources, investors can control return on investment in developing Smart areas or energy efficiency equipment (energy storages, smart homes, PV-systems). Energy retailers and grid companies can move from the post-process electric energy payment model to the real-time payment model. Energy efficiency service providers can focus on providing energy efficiency services (energy management systems, demand response applications, etc.).
What is the underlying technology that you are using?
At the core of ONDER platform is distributed ledger technology. It allows:
To provide the immutability of metering data throw it's notarization on public or private blockchain platform,
To sign and conduct payments via token exchange. Smart contracts and blockchain approach, in this case, make transactions fast and cheap. It is important to note two main points that allow ONDER to be flexible. ONDER doesn’t have its own tokens what makes it opened to any of them and ONDER doesn't install metering infrastructure, it can be integrated with existing ones.
What are the partnerships that you are seeking?
ONDER has a pilot solution, developed during the pilot commercial projects, for peer-2-peer trading, demand response, meter-2-cash (instant split of payments among all participants), energy efficiency management solution, green REC registry. We are looking for partnerships with investors who are interested in blockchain solutions for an energy sector. Our targeted business-model is based on getting transaction fee from each transaction. That's why we are trying to do our best to develop the final version of platform that can be easily installed.
Also we are looking for customers who are interested in the applications mentioned above. We ready to collaborate both with energy sector participants and with investors who invest in developing Smart areas and who are worried about energy efficiency and return on investments.