Hassan Maishera
Slovenian energy trading platform SunContract unveiled The Personal Power Plant at Crypto Expo Europe in Bucharest.
In a press release shared with Cryptowisser, SunContract said the platform is the world’s first NFT marketplace for real-world solar panels. Thanks to this latest development, users can now directly benefit from the energy produced by their NFT-linked panels either by earning from them or for personal consumption at home or in their businesses.
During the crypto conference held on March 3/4, SunContract, an Ethereum-based project showed how blockchain can be used to empower the clean energy sector. The inaugural tokenized solar farm is located in the Slovenian village of Višnje, at a facility featuring 2,112 solar panels with a peak power of 517 kW.
The team revealed that each NFT represents a specific panel at the farm, with the holder enjoying the benefits associated with the physical asset. The platform targets people committed to the green transition and eager to invest in the future of renewables. It will also allow the crypto community to get exposure to the real economy through the renewable energy sector.
SunContract explained that in the first phase, energy generated from the underlying solar panel will be sold on users’ behalf via SunContract’s P2P energy marketplace in return for SNC tokens.
Once operational and maintenance fees are deducted, SNC tokens will be automatically credited to their wallet.
SunContract will also roll out functions, granting the the option to NFT holders to use the energy in countries where SunContract owns energy permits or licenses, starting with Slovenia, Croatia, Estonia and more to come.
The platform will help democratize renewable energy and make it accessible to everyone while also linking the blockchain and crypto to real-world assets.
Users and investors can buy solar-linked NFTs and sell them at any time on SunContract’s NFT marketplace. Furthermore, token-holders can manage the energy generated by their “Personal Power Plant” from a smartphone. SunContract is the world’s first NFT marketplace for real-world solar panels.
While commenting on this latest development, Mr Gregor Novak, co-founder and Chief Innovation Officer said,
“With the integration of blockchain, SunContract has positioned itself as a global player. The addition of an NFT marketplace is set to further this reach, making our services globally accessible. The blockchain's role in our platform is not just a technological foundation; it's a gateway to expanding our community and enhancing the user experience on a global scale.”
Aymen Soufi, Strategic Director of SunContract added that,
“SunContract's Personal Power Plant stems from a vision to decentralize, democratize, and digitalize renewable energy, making it easily accessible with just a few clicks from anywhere. Furthermore, we're bridging the gap between the blockchain/crypto community and the real economy. We firmly believe that tokenizing real-world assets is crucial for mass adoption, serving as one of the main -and healthy- catalysts for the next bull market.”
The platform’s business model comprises of the uberisation of the renewable energy sector. It is based on decentralization, digitalization, and democratization while catering to a wide range of consumers in both B2C and B2B sectors.
SunContract’s services are accessible to individuals, commercial entities, and industrial organizations. Furthermore, the company is actively exploring expansion to other countries in Europe and beyond, while also diversifying its products and services, which will bring more value to the SNC token.
SunContract is an energy trading platform operating at the intersection of blockchain and renewable technology. After releasing its maiden whitepaper in 2017, the startup conducted a successful ICO and launched the first national-scale retail P2P energy marketplace on Ethereum in 2018. After consolidating its position in Slovenia, SunContract has acquired electricity licenses in Croatia and Estonia to expand its reach, following its goal of being a global energy marketplace.
