redi infranet is a decentralized energy data marketplace for the exchange of data between various stakeholders in the energy industry, with the aim to improve and optimize the efficiency and productivity of renewable energy. Various industry players - from energy producers to consumers and service providers alike - can submit energy data to the REDi infranet, which is then verified by experts for its reliability.
features
REDi infranet pursues a decentralized energy data marketplace for the exchange of data between various players in energy sector, with the aim to improve and optimize the efficiency and productivity of renewable energy.
i) renewable energy data management
During the operational lifetime of a solar PV plant, various data such as in minute-by-minute power output and preventative system alert codes are generated on a daily basis. While solar power producers, especially those who operate utlity-scale power plants, rely on the consolidation of these data to remotely track the day-to-day operations of the power plants, and to ensure no potential systematic error or mechanical failures impede on power generation, and therefore revenue maximization. With the ever-increasing adoption of renewable energy, recent technological advancements have accelerated the mass adoption of remote monitoring systems that are able to track the real-time operations of solar power plants, but have yet to actualize any real benefits to increase profitablity for power producers nor have had a real impact on the energy market as a whole. As such, the consolidation of ebergy data provides unlimited opportunities for various data-driven services to emerge. A blockchain network can as well connect users to tailored services without additional transaction costs or brokerage fees.
ii) Decentralized network for distributed energy resources
As the global energy landscape gradually shifts towards decentralized energy networks, blockchain ledger provides the scalability required to support the sheer volume of transactions occurring within the complex power network of distributed renewable energy resources. Blockchain is crucial to maintain a reliable & expandable database and support the digital transformation of energy. As most solar power plants have an operational lifespan of 20~30 years, DID-based validation allows for secure storage of historical data and data ownership preserved, which are essential to asset management and valuation, much like in other industries.
iii) Blockchain-based energy data marketplace
REDi infranet offers a unique solution for various players to co-exist upon a decentralized ecosystem. Through blockchain, additional revenue models can arise as in the tokenized rewards in exchange for sharing and verification of energy data. Users can be incentivized to participate in the formation of an truly information-rich, decentralized marketplace for renewable energy. Standardized and verfied data will encourage new entrants into the renewable energy market, and as the ecosystem grows to accomodate the various stakeholders, REDI infranet technology will be essential to the digital transformation of energy trading, renewable asset management, and commodities trading.
digital renewables
Digital Renewables (dr) is our latest 'simulation-to-earn' campaign where users can experience the solar economy first-hand, while engaging in online activities for a chance to win tokenized rewards.
dr incorporates actual renewable energy data that is consolidated within the redi infranet blockchain ecosystem, and transforms them into digital solar assets to be selected by users who wish to experience the daily operations and management of solar power productions in a decentralized space. Users can engage in the everyday activities to oversee and optimize daily power production, which in many markets around the world, the energy produced in solar power can be sold, traded, and transmitted in the daily energy market for the highest monetary value - the more energy produced, the higher the returns. Some of the actual economic activities that are mirrored within the dr simulation includes:
real-time tracking of day-to-day solar energy production
assessment of solar output efficiency (historical & regional comparative analysis)
on-site mechanics and periodic technical due diligence