UN SDG #7 Affordable and Clean Energy UN SDG #7
UN SDG #13 Climate Action UN SDG #13

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Supporting a future of abundant, clean and local energy

The global electricity system, the essential service that underpins all of modern society is undergoing radical change, as we shift away from fossil fuels towards renewables. A new model for trading electricity which would be ideally suited for this new world of decentralized power generation.

challenge

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Supporting a future of abundant, clean and local energy

The global electricity system, the essential service that underpins all of modern society is undergoing radical change, as we shift away from fossil fuels towards renewables. A new model for trading electricity which would be ideally suited for this new world of decentralized power generation.
300M
people impacted
$18.5B
potential funding
the problem
Nature and Context

Having a web based peer-to-peer electricity marketplace will enable consumers to buy directly from local renewable power generators. Commercial consumers will be able to choose where their electricity comes from, and benefit from the cost and efficiency savings of buying local electricity. Customers will be able to see accurate breakdowns of exactly where each kWh (unit of electricity) was generated and all the costs associated with each transaction. The renewables market is growing steadily, currently producing 25% of the EU’s electricity. With leading utilities announcing plans to completely divest from fossil fuel generation and invest heavily in renewables, the timing couldn’t be better for such a service.

Symptoms and Causes

the impact
Negative Effects
Economic Impact
Success Metrics
who benefits from solving this problem
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financial insights
Current Funding
Potential Solution Funding

Open Utility, Ltd

ideas
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