Uber Volts
“delivering the Shared Energy Economy”
Global Grid is a Peer to Peer energy startup which is developing a Live Open Reverse Auction Energy Exchange, green energy production and storage assets, and addressing grid inertia variability associated with Distributed Energy Resources (DER) through the full adoption of demand side response and load shifting solutions without the need for spinning reserves or excess capacity within the energy network. In this work, the deregulated electricity market has been modeled in a game-theoretic manner as a Potluck problem with non-rational learning, in order to achieve demand–supply equilibrium on an minute by minute basis.
The delivery of Uber Volts or peer to peer energy is disrupting centralized power and ushering in a new era in clean, cheap and renewable electricity that comes not from large organizations using fossil fuels, but individual prosumers , communities, business and associations using the sun, wind, water and other renewable sources, to produce and store green electricity.
Power no longer needs to be an oligopoly where a few corporations dominate, it can be open to everyone, you can buy and sell your electricity on Live Open Reverse Auction (LORA) exchange through your phone or tablet the same way you buy and sell any other items through eBay.
In a shared energy economy, participants who have no solar panels, batteries or other renewable electricity to sell then can sell their electricity demand. Global Grid’s Home Energy Management System, using hardware controllers and predictive energy consumption software will tell consumers how much electricity they use and when you use it, and when and how much electricity they will use in the future. Individuals and businesses can then sell their electricity accounts on our exchange and pick whomever supplies your electricity that meets their price and other requirements, such as local producers, green producers etc.
Prosumers who have solar panels or batteries will at some time of the day or night have excess electricity they don’t need, they can sell it to an electric company that then marks it up and sells it to someone else, or you can sell it directly themselves on a LORA exchange, peer to peer.
Global Grid’s software will tell prosumers how much electricity they have to sell and what time of day they can sell it, all they have to decide is how much they will sell your electricity for, any electricity they cannot sell themselves can be purchased by Global Grid or other electricity retailers on the Global Grid platform at the applicable feed in rates.
For those individuals that don’t want to sell their excess electricity, can then help their family or friends by giving it to them for free.
Don’t like your family, and have no friends, no problem.
Donate your excess electricity to the charity of your choice and help save whales, plant trees, or feed and clothe those less privileged.
It’s your electricity it can now be not only be green but also as compassionate and caring as you are.
