VLUX is an innovative peer-to-peer energy trading platform that combines deep learning AI with blockchain technology. The system uses Verv, an AI-based smart hub, to provide a comprehensive real-time overview of a home’s electricity consumption. By integrating this data with blockchain, VLUX creates a secure and transparent ledger for energy trading between neighbors. The platform aims to reduce energy bills and improve access to affordable, green energy.
Major Highlights
- AI-powered energy consumption predictions
- Blockchain-based secure and transparent transactions
- Peer-to-peer energy trading between neighbors
- Optimization of energy trading times for best prices
- Incentivizes investment in renewable energy technology
- Empowers consumers to become energy prosumers
- Partnership with Ocean Protocol for data monetization
- UK’s first blockchain-based p2p energy trading community
- Supported by multiple government and industry partners
- Integration of satellite data for renewable energy forecasting
Use Cases
- Homeowners with solar panels selling excess energy to neighbors
- Social housing communities reducing energy costs through p2p trading
- Consumers monetizing their household energy data
- Predicting and optimizing energy consumption patterns
- Facilitating the transition to a decentralized energy market
- Encouraging adoption of renewable energy technologies
- Reducing reliance on centralized power grids
- Lowering carbon emissions through increased use of green energy
- Empowering consumers in energy decision-making
- Creating new revenue streams for households with renewable energy sources
Leave a Reply