The globally distributed green energy network requires trusted accounting records of the production and usage data, followed by effective and real-time benefit distribution, efficiently incentivizing global participants to collaborate, utilize, and share.

Author: KK, Founder of Hash Global

Since the entry into force of the United Nations Framework Convention on Climate Change on March 21, 1994, governments, numerous non-governmental organizations, businesses, and individuals around the world have been making continuous efforts to achieve global carbon neutrality. We already have the production equipment and technology for green energy, and the usage scenarios for green energy have also been greatly expanded. However, a globally effective ecological network for green energy has not been effectively established, and I believe the core reason is the lack of globally credible data. The energy network also needs to be globalized and digitized.

A globally distributed green energy network requires a trustworthy accounting ledger to record the production and usage data, and then to effectively and in real-time allocate benefits based on this, thus efficiently incentivizing participants from around the world to co-build, co-use, and share the network. We need to record data in three aspects:

1. Power generation and energy storage. When green energy is generated and supplied, data can be accurately and credibly recorded, with tampering or falsification costs exceeding economic feasibility, and can be transparent and traceable globally without permission.
2. Trading. The transfer and trading of green energy;
3. Consumption. Refers to the use of green energy;

To solve these data problems, we need:

1. The physical layer's internet of things terminal achieves real-time data collection;
2. The Network Layer can support secure and trusted data transmission and storage;
3. Block chain is used as the Settlement layer. Data needs to be able to be trusted, verifiable, visible to the whole network, and support real-time Settlement;

We are excited to see that Arkreen is exactly such a global distributed renewable energy data network that integrates various technologies. Arkreen aims to connect global renewable energy devices (such as photovoltaic inverters, energy storage batteries, electric vehicle charging piles, etc.), ensuring the trustworthy transmission of physical world data to the digital world, realizing the value of trustworthy data by aggregating their connections; and further promoting the deployment and maximal utilization of more distributed renewable energy devices in a Decentralization Web3 manner, ultimately achieving the global zero-carbon goal.

Based on trusted data, Arkreen truly builds a data infrastructure for an energy network. Those who contribute to the energy network can receive fair distribution and incentives. Global contributors to the network can connect their photovoltaic power generation equipment or energy storage batteries to the Arkreen network, and Arkreen will provide network incentives based on the data from these green energy devices. The green energy data on the network can lead to the development of applications such as green power certificates and virtual power plants. The authenticity of the data, or a trustworthy ledger, is the core of the entire network!

In the past, due to the highly fragmented and long-tail nature of the green energy market, the traditional top-down internet of things platform construction model could not connect a sufficient number of green energy devices within a foreseeable time frame. Without a sufficient number of device connections, it is impossible to support the commercial operation of mature energy network applications, thus falling into a 'chicken-and-egg dilemma'.

We believe that the Arkreen team can effectively break the deadlock and achieve the network's cold start and ecological flywheel effect in a short period of time using the incentive model of Web3. We will see the power of a permissionless network in incentivizing long-tail participants. The combination of the internet of things and blockchain technology gives us the opportunity to use the power of the community to build an energy data infrastructure network from the bottom up. We believe that Arkreen has the opportunity to become a model project in the direction of Decentralized Physical Infrastructure Networks (DePIN) in the field of Decentralization energy.

Imagine a scenario where John, who lives in Silicon Valley, California, installs rooftop solar panels, energy storage batteries, charging stations, and smart thermostats at home. These devices are connected to the Arkreen network through digital technology, and the data from the energy devices is collected and stored on the on-chain Block. One day, the California government calls on residents to reduce electricity usage for the next two days to relieve the power grid's voltage pressure, and the power company can provide incentives to residents who are willing to cooperate. Based on John's electricity usage habits, Arkreen can pre-charge the energy storage batteries and lower the temperature in his home, and then reverse output power to the grid for the next two days. As a result of this grid dispatch, John receives a reward from the power company. John can also open the Arkreen app and, based on the on-chain data of 900 kWh of solar power generation at home, claim 0.9 Renewable Energy Certificate (REC). These 0.9 REC, along with REC from other users in California, can be bundled and sold to a BTC mining company in South America for the purpose of offsetting the carbon emissions from BTC mining power consumption.

All of these will be the economic value that the Arkreen network can introduce from the real physical world. The generation, purchase, and circulation of green certificates in the Arkreen network are just one use case of the Arkreen network. Once the data is trustworthy, we will see more long applications emerging. Once the energy network is truly digitized based on blockchain, assets such as green certificates and carbon certificates can not only be flexibly divided but also have no geographical restrictions. They can also play a network effect and efficiently connect with various decentralized finance decentralized financial ecosystems. The history of users' purchase of green certificates and carbon certificates can also be presented in the form of non-fungible tokens in their on-chain identity.

With the vigorous development of various Web3 applications, the number of users with on-chainWallet or identity will become longer and longer, and the threshold for use will be lower and lower until they are completely insensitive. After opening the Arkreen APP, users (institutions or individuals) can easily purchase any number of green certificates at any time with a certain currency stablecoin or ETH in their wallet to offset their carbon footprint. The green certificates held and destroyed by users are visible across the network, thus becoming part of their reputation in the digital world. You can imagine that under the existing energy data network and green certificate certification process, the process of using Web2 Internet to purchase a green certificate will be cumbersome, and it will be even more difficult to prove "carbon neutrality" by yourself. If demand cannot be stimulated, supply will not be able to rise effectively, and the goal of global carbon neutrality will not be achieved.

The Arkreen team members come from industries such as internet of things, digital security, and blockchain, and have successful global cases in business models, product design, engineering implementation, etc.