Commonwealth environment
for digital energy business

Platform for creating, piloting and running new business models over the distributed energy market without a centralized billing system

Smart contracts and tokens enable building any business model between current and new players on energy market

Core technology enables energy and money accounting between millions of producers and consumers within 5 seconds interval

Blockchain is used to guarantee confidence relationships between all participants

Optimizing energy supply in real‑time

Balancing energy supply and demand in real‑time

People and companies install more generation devices and use more smart devices that able to select regimes of power consumption based on energy price.

We can influence on energy consumption of these devices by changing the energy price. These kinds of adjustments lower the network load.

The faster does the price react to changing demand, the lower is the peak load. In the ØNDER network, price can be updated every five seconds, so pricing policy becomes flexible.

With ØNDER suppliers and consumers can find balance of energy price, quantity and quality faster, and can choose priority of utilization for different types of energy sources.

Supporting distributed energy generation and storage

Distributed energy trading is impossible without understanding of who sold how much to whom. We monitor the amount of energy going from generation to consumer with high accuracy.

Owners of distributed generation can sell energy when they want at their desired price. Helping them, we create additional energy sources on the local market.

This decreases the load of node substations and lowers the demand of extra energy capacity.

Owners of storage devices can also buy and sell energy. They can favorably store it, when it is cheap, and sell it, when it is expensive.

This way the network gets distributed storage devices and a more balanced load..

Load of node substations Night Morning Day Evening Night

Benefits

Retail generation and consumers

Millions of retail market participants are able to exchange money and energy without a centralized billing system.

Service companies

Platform for creating, piloting and running new business models over the distributed energy market without a centralized billing system

Infrastructure companies

Balancing supply and demand by changing the energy price in real-time. Decreasing the need in extra energy capacity.

Scaling the network with ease

All distributed energy market projects are limited by the maximum number of consumers:

Centralized control system are limited by the central hub bandwidth and can’t sustain a large amount of participants.

Blockchain control systems are limited in speed: more users in the network means longer calculations of the energy price.

We use state channels, where transactions go instantly and cheaply. Blockchain is used as an independent intermediary. But it doesn’t limit the speed: the transactions happen outside of the Blockchain.

This method allows for unlimited network scaling. Even if the whole world uses out platform, we can update the energy price every 5 seconds, depending on the local supply and demand.

How does it work

1. Device installation

Onder-Voltaware device is placed on a rack inside the electricity panel. The metering is connected to the existing wire.

2. Device registration

Upon the installation, a unique key is created and recorded as a network participant. If device is disconnected from cable, all contracts become fixed and closed.

3. Connecting to network

The device connects to the network and registers as an energy network participant with a token.

4. Smart contract signing

Prosumers select an energy trading strategy and sign contracts: for device installation and maintenance, for connecting to the traditional network, for network maintenance and utility.

Energy exchange

Price is updated every 5 seconds, an iteration of energy exchange is conducted and transactions are stored.

Project growth plan

2018 Q1

  • Finish prototype

Q2

  • Develop and launch device production
  • Develop application for network users
  • Launch first ØNDER version

Q3, Q4

  • Adapt the solution to the requirements of 1 or 2 companies, launch ØNDER in pilot mode
  • Deliver first devices

2019

  • Manufacture and install 10K devices
  • Contracts with 5+ companies
  • Start platform developers community

2021

100K households use ONDER