Solar DAO, the world’s first digital, autonomous, closed-end, utility-scale PV project investment fund, has declared the partnership with the Powerchain project – a decentralized platform for energy storage that allows everyone to store electricity, transfer it within the network, or trade it. The companies intend to popularize using alternative energy sources and change the conventional and inefficient energy management system by using innovative technologies together.
The main advantage of the companies’ cooperation will become the adoption of energy storage systems to stabilize power consumption during peak loads. It also allows to regulate alternative sources generation, that is a great avail for the Solar DAO members. Now the bad weather will not affect consumers. The Solar DAO team sees the great potential in energy storage systems and the crucial importance of their development. These systems must greatly change the electricity market in the next 4-8 years.
Powerchain offers for installation an innovative kinetic energy storage, developed by its partner company, Kinetic. The accumulator allows to balance up to 90% of the capacity of platforms participants. The system is also able to:
- Remember the indicators of actually produced energy,
- Compare them with calculated data in kW/h,
- Draw a conclusion about the level of energy storage and its optimal distribution between storage devices and consumers to minimize transport losses and costs for generation.
Solar DAO plans to closely integrate with the platform. Perhaps its projects will work on the Powerchain platform or the company will make its own platform, that will interact with the Powerchain.
According to GOTOSOLAR, a Solar DAO project operator and owner, the strong partnership among the Solar DAO and the Powerchain should increase demand for SDAO tokens and give them significant functionality. It will probably be possible to distribute part of the Powerchain tokens (POWECs) to the SDAO tokenholders.