Trading in the market is an age-old activity. People can trade a various range of goods from cattle to cash crops. Now, manufacturers can even trade in surplus solar energy in the market. The innovation has been acknowledged by young Swiss entrepreneurs.
There is no life on the earth without the sun and it is there for everyone. The statement was mentioned by Anselma Worner, COO and one of the three co-founders of Exnaton, the company that deals with the development of software for communities trading renewable sources of energy in local neighborhoods.
Warner talked about how the initiative led by her company has created a smart energy system at the recent International Conference for Utilities. The conference was held by SAP and TAC Events in Munich,
She has talked about the concept and mentioned that the present generation is filled with prosumers, the people who consume and produce their energy. They are relying on using connected technologies and renewable power sources like solar energy to exchange energy throughout the grid.
The distribution of energy is sun-powered in Exnaton:
Humans have always been dependent on the sun for various purposes such as light, heat, and food. Its massive power has influenced cultures and religions around the world. The advancement in technology has reduced dependency.
That’s what resulted in the birth of Exnaton. The word is a combination of two elements-energy and exchange representing the company’s aim.
The word has been derived from the Egyptian pharaoh Akhenaten who is pronounced Echnaotan who raised the status of the sun above the gods and created an early monotheism that came to be regarded as a state religion.
The goal of Exnaton is to help integrate the prosumers into the system. The legal framework is complicated at present and there is no distinct ROI for them. There are no particular mechanisms such as feed-in tariffs or policy mechanisms that would accelerate investments in the renewable energy sector by providing long-term contracts to the prosumers.
The representative who is working as the recruiter in Exnaton has mentioned that at present there is no value for the community that harnesses solar energy and their main intent is to change the concept.
Consumers need to understand that renewable energy is not always produced at the same time as when they are needed. As a result, it has become essential for prosumers to manufacture their energy directly.
People owning solar energy panels can sell a large amount of energy to neighboring households. It would only be possible if the people have other means to do so.
Worner and her team have assured us that the process of manufacturing and selling renewable sources of energy should not be difficult.
The solutions must be simple and include trusted local providers and proactive community and user groups.
Exnaton’s EnergyCommunity software has collaborated with SAP for utilities and has even won an award in the Partner Paragon category with best practice consulting and is now available on the SAP store.
The extension is focused on the need of the users and enables the utility companies to empower the prosumers to buy and sell energy within their local environment. The application would also help to track any relevant data.
Any prosumers in the grid can sell solar energy to any consumers. The EnergyCommunity tracks the data showing where the energy is being generated and how much carbon dioxide is the source producing.
Furthermore, the utility company can even bill the energy exchanges with their regular SAP billing system because of the integration of Exnaton in working with the SAP system integrator BPC.
At the same time, the utility company can even sell hardware to members making it an attractive option for both parties.
The energy exchange process has been made easier and selling energies in the local market would help to develop a closer bond between the people, and it helps to provide a new customer channel for the utility companies.
Exnaton is answering the main challenge in the community faced by the prosumers. The latter has no possibility of selling their energy in the market and the utility companies have realized that they need to offer new transition models with a decentralized approach.
Several utility companies have already been running in Germany, Austria, Luxembourg, and Switzerland.
The goal is to expand the system to other European countries that are facing a terrible energy crisis.
The framework allows the users to shift to a sustainable method of utilization of energy.
The UN Sustainable Goals aim to provide sustainable affordable energy and have been considered the main goal out of the seven goals towards sustainability.
Over 733 million people in the world are deprived of access to affordable, sustainable energy. Exnaton is focussing to meet the goal and even emphasizes developing sustainable cities and communities, enabling responsible production and utilization of energy. In addition, the company is focussing on reducing the levels of climate change and its impact.
The project has many prospects in European countries as relevant data states that renewable forms of energy have overtaken fossil fuels as the number one power source in 2020.
Almost two million people are involved in 7700 sustainable energy communities and the numbers are increasing rapidly.
The Exnaton can make it possible to harness the limitless energy from the sun so that small communities and businesses can use the energy powered by the sun making renewable sources of energy efficient and affordable.
edited and proofread by nikita sharma