Voltreum

Voltreum

Voltreum is a technology company that aims to democratize renewable energy trading over power grids, increase renewable energy penetration, and create a more sustainable future. They plan to achieve this by developing innovative, eco-friendly solutions. Their first offering is Volt-X, a blockchain-based peer-to-peer (P2P) platform for transparent energy trading across power grids, including smart microgrids and localized distribution networks, with a clear focus on fair pricing.

Volt-X, together with Voltreum's cryptocurrency VOLT, will enable producers and consumers to seamlessly transact renewable energy over smart and interconnected localized grids and microgrids. By doing so, Voltreum addresses two of the most critical problems of the 21st century: increasing energy demand and climate change.

The platform will allow peer-to-peer trading of clean, renewable energy via interconnected localized distribution networks and microgrids on a significant – and eventually, global – scale. Volt-X will enable transparent energy trading and increase renewable energy penetration by integrating distributed energy resources (DERs) and battery storage technologies. In this way, Volt-X will address two critical challenges in renewable energy penetration and availability: the time problem and the space problem.

The time problem will be addressed by increasing the availability of renewable energy via P2P trading, regardless of when the demand surge occurs. The space problem will be resolved by facilitating a borderless trading mechanism. Essentially, Volt-X will ensure energy reaches where the demand exists irrespective of geographical barriers.

Volt-X creates opportunities for asset monetization for prosumers (producers + consumers) and DER owners. Through this approach, Volt-X will drive deeper renewable energy penetration. The platform will support countries looking to leverage blockchain technology to enhance their grids' performance and efficiency, particularly those focused on renewable energy generation and distribution.

On-demand energy trading over localized grids and smart microgrids will be driven by the underlying blockchain and cutting-edge technologies such as the Internet of Things (IoT) and cloud computing. For Voltreum, Volt-X is key to creating a multi-directional and borderless ecosystem for trading clean, renewable energy between energy surplus (sellers) and energy deficit (buyers) entities.

While enhancing renewable energy transactions remains one of the fundamental aspirations of Voltreum, transparency, fair pricing, and equitability – before, during, and after each transaction – will be the guiding lights. Volt-X will be the driving force behind Voltreum's vision to enhance the availability of renewable energy while reducing the global dependence on conventional fossil fuels to combat global warming and climate change.

The potential challenges that Voltreum may face include regulatory barriers, technical hurdles, and scalability issues. To overcome these challenges, Voltreum will need to work closely with governments, utilities, and other stakeholders to ensure compliance and regulatory approval. They will also need to invest in research and development to continually improve their platform's functionality and scalability.

In conclusion, Voltreum's Volt-X platform has the potential to revolutionize the renewable energy industry by enabling transparent, peer-to-peer trading of clean energy across localized grids and microgrids. By democratizing renewable energy trading, Voltreum is creating a more sustainable future for all of us. However, they will need to navigate various challenges to achieve their vision. By working closely with stakeholders and investing in research and development, Voltreum has the potential to transform the renewable energy landscape and help combat global warming and climate change.

 

For More Information About Voltreum:
Website; https://voltreum.com/
Whitepaper: https://voltreum.com/wp-content/uploads/2023/01/Voltreum-Whitepaper.pdf
Medium: https://medium.com/@voltreum
LinkedIn: https://www.linkedin.com/company/voltreum/
Telegram Group: https://t.me/voltreum_official
Twitter: https://twitter.com/voltreum

 

Authorship:

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