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Solarex

Blockchain Powered Solar Energy Ecosystem

Around one and a half billion people worldwide do not have access to electricity and over 3billion rely on primary biomass for cooking. This number excludes another billion that have no choice but to depend on fossil fuel electric generators for day to day electricity. Africa countries ranked in the top 10 of lowest access to electricity and over 90 percent of people in Africa Countries users biomass for cooking or Electricity generators that burn fossil fuel. Indoor air pollution from carbon monoxide in stoves is a leading cause of adults and children mortality in developing countries, and this value is ahead of malaria and tuberculosis combined. In Nigeria, foraging energy supply has lead over 60million Nigerians to own fossil fuel generators spending more than N3.5billion annually on the generators. Millions of others residents at remote location far from the reach of the grid. Lack of electricity is significant as it hampers economic growth and hurt investors confidence.

3.9
4 3 expert ratings
Benchy 4.9
KYC
Experts
3.0
2.9
2.4
View rating distribution
Starts in 6 days 5 hours
2019-01-28 - 2019-02-28
Starts in 38 days 6 hours
2019-03-01 - 2019-04-30
Token
SRX
PreICO Price
1 SRX = 0.05 USD
Price
1 SRX = 0.05 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
BTC, ETH, LTC, BTC, DOGE, XRP
Soft cap
5,000,000 USD
Hard cap
65,000,000 USD
Country
UK
Whitelist/KYC
KYC
More on ICO
Report

About Solarex

Solarex ICO Project is an innovative, disruptive, decentralised, decarbonised, and democratised blockchain based solar energy ecosystem. An ecosystem that will offer Cleaner and cheaper energy for all.

Our Vision

To become the largest blockchain based solar energy provider, most efficient and sustainable energy ecosystem, offering energy at an affordable price for all, setting a new standard for energy consumption and relentlessly, focusing on customer satisfaction. The target is to make Solarex Energy available across the globe, most especially in African markets with excellent service delivery

Why Solarex is Needed

1.5 billion people across the globe lack ELECTRICITY supply, half of which live in AFRICA, (Daily Post Nigeria 2018).

Across 36 AFRICAN countries, just 4 in 10 enjoy a reliable supply of energy throughout the day, this means regular blackouts and vulnerable security (CNN 2016).

7 out of every 10 people DO NOT have access to electricity in Sub-Saharan Africa (washingtonpost, 2015)

The Problems Solarex Has Identified

  • An absence of grid power in remote and developed location.
  • Lack of safety and reliability.
  • Environmental and Public health; Major hazards from the polluting energy sources.
  • Lack of transparency and security in power transactions.
  • Adaptability and resilience; regular blackout from power failure.
  • Unaffordable energy cost.
  • Unnecessary loss of energy in a centralised grid during transmission.
  • Market entry barriers both as a producer and as a consumer (e.g. financing and Setup charges).
  • Poor capacity utilisation in a critical plain area.
  • Energy thieves.

How Solarex will Address Problems

Solarex has come up with a unique solution and strategies to remedy the global mammoth energy crises. The Solarex Ecosystem which is design upon 8pillars, When fully implemented It will be 'ENERGY FOR ALL'

Blockchain and Smart contract application will eliminate the following problems;

  • Lack of transparency and security in power transactions.
  • Poor capacity utilisation.
  • Fraudulent activities.

Peer 2 Peer Energy Trading will address the following problems in the current electricity network;

  • Unnecessary loss of energy in a centralised grid during transmission.
  • Poor Capacity utilisation.
  • Adaptability and resilience.
  • Excessive load in a centralised system.

Smart Meter will address the following problems;

  • Energy theft – Smart meter will detect any bridge in the network.
  • Lack of transparency and security in energy transactions – Smart meter will give accurate energy consumption and users will be able to get a real-time report of their energy data.
  • Poor capacity utilisation in a critical pain area – Smart meter will ensure the actual energy purchased is delivered to a consumer. Excess energy will be read by a smart meter and referred into the grid.
  • Adaptability and resilience – The Smart meter will be able to isolate a line in the grid that has a fault and allow the other part of the grid to function without fully disruption of energy supply to that network. Thereby avoiding a total and regular blackout.

 AI and IOT will eliminate the following problems;

  • Unnecessary loss of energy in a centralized grid during transmission: The use of Artificial Intelligence (AI) in the Solarex ecosystem means the Solarex energy network will be very intelligent and be able to determine factors consumer consumption habit, consumers distant from nearest solar energy generating point. These data will be used by Solarex to deliver better services.
  • Poor capacity utilization in a critical plain area: The use of AI will ensure that the right amount of energy is delivered to the right consumer.
  • Adaptability and resilience; regular blackout from power failure: The IoT provides the intelligence for you to identify issues in real time, as the error occurs so the source can be located and resolved quickly.

Smart Microgrid will solve the following problems;

  • An absence of grid power in remote locations – Microgrid can be set up in any small settlements to take cake of energy distribution in a locality.
  • Safety and Reliability – Solarex Microgrid will be below ground in most cases and if a microgrid is down, it will not affect other microgrids unlike the centralised network.
  • Adaptability and resilience; regular blackout from power failure – Solarex microgrid will also contribute to solving this problem as Solarex grid is a smart one that will detect any problem and relay messages to an operator in Realtime. Each grid is a segment of its own and cannot affect operation in another grid.
  • Unnecessary loss of energy in a centralised grid during transmission – Solarex is using the latest technology and Solarex smart grid has inbuild parameters to help curtail this problem.

Solarex Project financing options will solve the biggest problem –

Market entry barriers both as a producer and as a consumer (eg, financing and Setup charges). Resolving the problem of financing project will create room for wider adoption of Solarex ecosystem, thus more people, communities, villages and towns will have equal opportunity to access energy

Solar energy will to a large extent solve the problems below;

  • Environmental and public health; Major hazards from the polluting energy sources – Energy will be generated from the Sunlight, thereby eliminating the burning of fossil fuel or use of nuclear (Radioactive) elements to generate energy.
  • Access to energy in a remote location – there will no longer exist the need to transport energy over a long distance to a remote location.
  • Centralisation problems – energy will be generated in a decentralised method and it will eliminate ineffectiveness of the centralised grid.
  • Unaffordable energy cost – solar energy is one of the cheapest forms of energy generation as such the problem of high cost of electricity will also be eliminated.
  • Energy theft – Solarex Ecosystem will eliminate energy thieves with the home-based energy generation will put an end to energy theft.
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ICO KYC Report
2 members invited
Oti Edema
Passed
Ranit Saha
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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