EV Charging Firm to Use Blockchain Token Technology

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UK blockchain solutions firm Energi Mine has entered into a partnership with electric vehicle charger start-up Solisco.

The deal will see Solisco integrate the a blockchain rewards platform called EnergiTokens into its commercial and domestic products.

Solisco offers solar EV port solutions for the domestic, commercial and public sector, combining a solar PV integrated carport with EV charging points and energy storage systems to “create a more holistic approach to the ongoing deployment of charging ports”. It was founded in 2016 in the UK and has partnerships with Schneider Electric, EV-Box, Solarwatt and Sonnen.

Solisco chief executive Parveen Begum said: “The ethos behind Solisco is to alleviate the current problem of energy poverty we are currently experiencing. The big energy providers have a strong grip on the marketplace, but with new technology has come new opportunities to weaken that grip by creating alternative energy generation avenues.

“Much like how the dominance of the big mobile network providers was eroded by the advent of the internet and systems like Skype, small-scale energy generation options have the capacity to do this in the energy sector by participating in an ecosystem that allows them to undercut established energy providers.”

He said the partnership with Energi Mine “offers a unique approach to compensating people who have been short-changed by the UK government’s recent reduction of feed in tariffs. Offering EnergiTokens as a reward for generating and trading green energy is just one of the avenues we hope to explore with this partnership.”

Energi Mine said it is using blockchain tokens “to revolutionise the global energy market through decentralization and blockchain technology. The ultimate goal is to reduce global energy demand and carbon emissions by creating a system of financial incentives for businesses and consumers to save energy”.

Chief executive Omar Rahim said: “A vital step in the fight against climate change is providing alternative options of energy generation and storage independent of the established energy companies. This allows consumers the ability to move away from a system that actively encourages selling the most energy possible for the highest possible price. To make this a reality people require financial – as well as ethical – incentivisation to alter their entrenched behavioural practices and our partnership with Solisco seeks to promote exactly this.”

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