Coal, natural gas and oil supply around 80% of the energy needs today. In the process, the largest consumers like China,
USA, EU, India are causing a whopping 36 billion tons of CO2 emissions every year. With major climate change looming
as a result, a depleting stock of fossil fuels and developing countries requiring ever more energy, it's imperative
to develop alternative sources of energy, especially clean energy, on a massive scale.
Nuclear power requires big infrastructure and the radioactive hazards create a real safety risk. Fukushima power plant disaster is vivid in our memories with a devastating effect on environment and people. Add to this the largely unresolved issue of waste disposal and the huge burdens these places on future generations, and it’s clear that nuclear is not the answer to our energy needs either.
The Duck curve, a graph of PV power production over the course of a day, shows the imbalance between demand and production.
In many energy markets, the peak demand occurs after sunset, when solar power is no longer available. In locations where
a substantial amount of distributed solar electric capacity has been installed, the Duck Curve is very pronounced. In
fact, in some markets such as Germany, on a sunny and windy day, neighboring countries had to be paid to absorb the
excess energy to keep the grid stable. This is obviously not desirable for any of the stakeholders.
Two elements are needed to address this: A strong demand response system, that can shape consumption and shift it to when electricity is most cost effective, and the ability to store energy, including battery-based storage.
The grid infrastructure, and here namely the long distance transmission lines cause considerable power losses, in the range of 6% in US to 20% in India.
The world loses US$ 89.3 billion annually to electricity theft. The highest losses were in India ($16.2 billion), followed by Brazil ($10.5 billion) and Russia ($5.1 billion). The president of Northeast Group Ben Gardner stated, "India loses more money to theft than any other country in the world. The state of Maharashtra—which includes Mumbai—alone loses $2.8 billion per year, more than all but eight countries in the world”.
Distributed energy resources like solar, wind, battery storage, etc are facilitated to trade peer to peer.A battery storage selling power to another battery based on market conditions
Blockchain facilitates a high security platform with low trasanction cost.It enables the 6 D’s, Digitalized, Deregulated, Decentralized, Distributed,Democratized and De Carbonisation
A simple to use mobile application giving the customer a real time visualization of energy generated, transacted and saved.It enables customer to place buy and sell orders viewing current market trends.
Producing energy where needed would enable less loss of tramission,it also negates the need for heavy infrastructure needed for tranmission
A consesus mechanism to validate and prevent malpractises.The system could evolve to facilitate a repuatation management solution in future.
The platform changes the way we transact, with the underlying transaction model shifting away from a centralized structure (banks, exchanges, trading platforms, energy companies) towards a decentralized system (end customers, energy consumers). Third party intermediaries, whose services are needed today in most industries, are no longer required given that transactions can be initiated and carried out directly “from peer to peer”. This can cut costs and speed up processes. As a result, the entire system becomes more flexible, as many previously manual work tasks are now carried out automatically through smart contracts.
The platform strengthens the market role of individual consumers and producers. It enables prosumers, i.e. households that not only consume but also produce energy, to buy and sell energy directly, with a high degree of autonomy. The current legal and the regulatory framework for consumers and prosumers in the energy sector is clearly defined and provides protection on many levels to consumers in particular. However, in the medium to long term, this framework will probably have to be adjusted to reflect the requirements of decentralized transaction models
The transaction data can provide the basis for metering, billing and clearing processes. Other possible areas of application are in the documentation of ownership, the state of assets (asset management), guarantees of origin, emission allowances and renewable energy certificates. This has a potential to radically change energy as we know it, by starting with individual sectors first but ultimately transforming the entire energy market.
A forecast of 100 million EV's by 2030 the platform can facilitate an ecosystem where communities can own EV chargers developing an ecosystem for empowerment.
The platform facilitates a decentralized ledger to transact peer to peer without a need for a trusted centralized authority. This facilitates an ecosystem to empower the community. Creating a market place to trade energy locally is the differentiator.
A technocrat with experience in retail,digital security, health and social care within an ability to build and establish business and forge loyalty with clients, business partners and stakeholders.
Martin has got an extensive experience in building and delivering IT solutions within social care, insurance and financial sector. Over 12 years experience in IT field including technical leadership in Java based environments, systems integration, distributed systems, high-volume data processing and a blockchain enthusiast specialised on smart contract security and distributed consensus algorithms. Proven experience in building and leading technical cross-functional teams on a global scale.
HP has broad management, business and technical experience acquired in multiple industries globally, and in companies ranging from global leaders to startups. HP founded SunReports Inc., an influential startup in Solar Energy Monitoring.HP worked with Philips where he re-engineered the companies’ global TV business. HP has a degree (Dipl. Ing.) in Electrical Engineering, and has generated over 25 lifetime patents.
Timotej has extensive demand-side experience having led the demand-side analytics team at PG&E. His current focus is on clean energy research and consulting. He holds an MBA from UC Berkeley-Haas and has worked in risk management and financial auditing.
Cedric is an expert in distributed energy resources. Prior to Bovlabs, he led utility and government consulting for Strategen, a California based consultancy focused on solar, storage, EV, and demand response. He’s been working on defining the value proposition of DERs and removing regulatory barriers since 2009, mostly in California, now in Marseille.
Benoit Bailliart directs thecamp Urban Lab aiming at transforming cities and citizen mindsets. He graduated from La Sorbonne university and the NEOMA Business school in Rouen, and later earned certification in disruptive innovation management at Harvard Business School. Benoit has been open innovation director at Accenture and conducted several digital transformation programs in CAC40 groups. Benoit is a member of Partech Venture investor club as well as AUDACITIES smart city think tank.
Sofiane Ammar has more than 30 years of experience in Telecom, IT and Digital business as a serial entrepreneur and a passionate and active business angels. From ISDnet as shareholder and CTO (the First indépendant French ISP's in 1996) to European Vice President Internet Product and Operation for Cable & Wireless, he also built startups like B3G Telecom (Voice over IP for SME), Kleema (MVNO for Africa) and Virtualscale (Data factory as a service) where he created disruptive products and introduced them to the French market. He’s now the Manager Director of Village by CA @TheCamp Accelerator, mentoring and investing in several startups with social, environmental and economical impacts.
Thomas Houdaille has been leading the business development for thecamp during 3 years, raising more than 20 M€ from international corporations. Before that he managed a European think-tank during 3 years and launched a new political party in France very similar to what Emmanuel Macron did with En Marche. During the first 15 years of his carreer, Thomas has been Sales Director and General Manager for different consulting companies focusing on digital and telecommunication. He graduated from ESCP Europe.
We want to be a solution provider wherein we partner with other players on solar panels, smart meters, micro grid, storage devices to bring an uniqueness in this space. Depending on the market we want to facilitate local partnership and that is where we believe we can empower the local community.
Here at Bovlabs, we believe cooperation is a key to any success. Especially, when talking about the technology of tomorrow and creating self-sufficient communities. Let’s get in touch!
Our Blockchain-Backed Energy Transactions for the Grid emerges as one of the top 10 solution providers in 2018.
Excited to receive the Vehicle To Grid category price at European Energy for Smart Mobility Forum, organized by GreenUnivers and the Capenergies competitiveness cluster in Marseille on 15 and 16 February.
Bovlabs is one of the 12 startups selected to a program initiated by thecamp's Accelerator co-produced with Le Village by Crédit Agricole Alpes Provence.
Bovlabs in partnership with ERock a Texas based smart grid developer is developing a pilot soluiton for making a transactive grid. The solution would faciliate a market place to trade energy peer to peer with minimal transaction cost, in a highly secure platform.