Voltreum: Aiming to revolutionize how people exchange energy across a local area

Voltreum Introduction

Voltreum is a future-focused technology company seeking to democratize renewable energy (RE) trading over power grids, increase RE penetration, and create a more sustainable future by developing innovative, eco-friendly solutions. Our first offering, Volt-X, is a blockchain-based peer-to-peer (P2P) platform for transparent energy trading across power grids, including smart microgrids and localized distribution networks, with a clear focus on fair pricing. Volt-X, in conjunction with Voltreum’s cryptocurrency VOLT, will enable producers and consumers to seamlessly transact RE over smart and interconnected localized grids and microgrids to address two of the most critical problems of the 21st century: increasing energy demand and climate change.

Backed by a blockchain-enabled energy trading platform, Volt-X will allow the peer-to-peer trading of clean, renewable energy via interconnected localized distribution networks and microgrids on a significant — and eventually, global — scale. It will enable transparent energy trading and increase RE penetration by integrating distributed energy resources (DERs) and battery storage technologies.

Borderless P2P Energy Trading with Voltreum

Innovation is the key to addressing global warming and climate change. Smart grids are one such innovative solution. Several countries have already switched to smart grids, while many more are expected to complete the transition in the coming years. Energy trading is one of the most efficient and cost-effective ways to successfully adopt a smart grid infrastructure, generate non-polluting energy, and meet energy requirements. Currently, energy trading is mainly confined to smaller localities or neighborhoods. While such small-scale trading provides an excellent start to transition from polluting fossil fuels like coal to cleaner renewable energy, they are not enough to make a tangible impact amid the rising effects of climate change.

Who will benefit from Voltreum

Utility companies

• Compliance with Renewable Purchase Obligations (RPOs).
• Reduce carbon emissions and achieve carbon neutrality.
• Reduce transmission and distribution (T&D) losses.
• Expand capacity utilization without major/new infrastructure investments.
• Energy arbitrage through peak/off-peak demand management.

Commercial & Industrial (C&I) consumers

• Lower energy costs.
• Lower burden of high tariffs for cross-subsidization.
• Opportunities to sell excess energy to other C&Is or residential units.

Residential units

• Lower energy costs.
• Better control over energy expenditures.
• Direct energy purchases from C&Is or other residential.
• Less dependence on the tariffs and energy controls implemented by
• private/state-owned utility companies.

Introducing Volt-X

Energy trading platforms face two fundamental problems concerning time and space. In other words, demand surges are not constant and may come in periods of RE scarcity. Similarly, trading renewable energy often meets geographical barrier issues, limiting its space availability. Volt-X seeks to solve these issues by increasing the availability of RE via P2P trading, regardless of when the demand surge occurs. Moreover, it will employ a borderless trading mechanism to ensure energy reaches where the demand exists regardless of geographical constraints. Voltreum’s main product increases monetization opportunities for RE prosumers, consumers, and DER owners. This way, it should solve the energy penetration issue and help its far-reaching adoption.

Volt-X aims to solve India’s growing energy issues and demand for clean, renewable energy. However, the company’s plan expands far beyond the country’s borders. The platform will support countries leveraging blockchain technology’s power to enhance their grids’ performance and efficiency.The company’s ultimate ambition is unlocking crucial blockchain-enabled functionalities for large UK and US-based utility companies. However, these entities must fund the research and testing of blockchain applications on their systems.

Voltreum will incorporate solar, wind, water, and other renewable energy sources on the same microgrid. This way, it should facilitate the global shift to clean energy available on demand. The Volt-X platform and the VOLT token will support true borderless and decentralized energy trading between smart grid-enabled individuals, companies, neighborhoods, and even countries. Voltreum and VOLT should help build the transparency and equitability of RE trading over microgrids. In time, these changes may help reduce the damaging effects of climate change on the planet.

How Volt-X Works

Volt-X uses modern digital technologies like blockchain, IoT, and Artificial Intelligence for the smart, seamless energy exchange. The system consists of an app and a browser, both of which constitute the platform’s front end, which is visible to users. These users may be energy buyers or sellers.

Volt-X will help create a hyper-connected and decentralized P2P system based on a microgrid architecture in conjunction with standardized tools and blockchain-based smart contracts. This architecture can quickly scale to meet its community’s evolving energy needs. Each microgrid will connect small neighborhoods or residential units and enable them to exchange renewable energy that’s clean, locally produced, and easy to buy and sell — just like any other commodity. Thus, the microgrid will provide a near real-time, transparent, and secure system to generate renewable energy on demand. It will also monitor energy generation and distribution to maintain fairness and equitability in the trading system.

A P2P Energy Trading System

Volt-X rewards users with all the benefits of using a peer-to-peer energy trading system. Since the platform is entirely decentralized, it does not involve third parties, centralized authorities, or government energy regulation boards. The control and rating of energy distribution are solely in the hands of Volt-X users. This is the democratization of the energy market that Voltreum seeks to build and provide. The platform seeks to employ smart metering, an essential component of refereeing the RE trading market. This solution is reported to have undergone extensive testing with common architectures, including RF mesh, GSM, PLC, RF, and 3G/4G.

Team

Voltreum Roadmap

Q3 2021 Due diligence

• Deep dive analysis of the Energy market
• Study of the current energy requirements/forecast for the next decade
• Study of the problems with the current state of the energy market, challenges with global energy generation, transmission and distribution
• Study of the problems faced by gencos, transcos and discoms
• Evaluation of country wise energy market regulations
• Articulating the problem statement
• Competitor analysis — Including software and hardware players across the globe
• Evaluation of key feature offerings by each player in the field
• GAP assessment / SWOT analysis

Q4 2021 Core team formation

• Identifying and interviewing subject matter experts from the industry
• Shortlisting and rolling out of contracts/NDAs with selected members

Q2 2022 Project planning

• Formulating the scope of work (SoW) document to cover the proof of concept testing and final state system development
• Creating the work breakdown structure and timelines for tasks related to the power syste design, technology development, marketing, sales, and partnerships
• Identifying the stakeholder management plan and RACI matrix
• Formulating key project milestones with clearly defined timelines
• Financial projections required throughout the project lifecycle

Q3 2022 Proof of concept / Minimum viable product development

• Drafting of physical line diagrams and load profiles for the PoC
• Evaluation of the various load profiles as per electric standards
• Drafing of test cases based on variations in generation andusage considering differential loads
• Procurement of smart meters and power/load equipments for the PoC
• Development of a broker service for establishing communication with various smart meters (GSM, PLC, Modbus, Radio frequency mesh, SCADA)
• Development of Voltreum Core Processing (VCP) engine and backend logic for recording transactions on the blockchain system
• Smart contract deployment on the testnet server
• Fine-tuning the VCP engine logic with an aim to develop a robust and resilient core
• Security audit of the VCP engine
• Deriving key metrics and associated costs for the end to end transaction to develop
• the business case and financial projections
• Business case creation

Q3 2022 UI/UX development

• Finalizing a list of top features/parameters in line with feedback from key stakeholders (Discoms, Govt agencies, End users)
• User access management in line with significant data security and compliance standards
• Mobile app and web interface UI and UX design

Q3 2022 Go to market / Whitepaper launch

• Setting up of social media channels
• Roll-out of community management services to build brand awareness
• Whitepaper launch
• Creation of marketing collateral and business pitch
• Website launch

Q4 2022 Seed sale

• Secure funding through a seed sale

Q1 2023 Private sale

• Secure funding through a private sale

Q1 2023 IDO

• Official listing on a decentralized exchange

Q1 2023 Strategic partnerships for pilot testing

• PAN India expansion
• Documenting key lessons learnt
• Optimizing the application based on lessons learnt

Q4 2023 Global ramp-up

• Global expansion in various markets

The VOLT Token

The Voltreum-enabled microgrids rely on the VOLT cryptocurrency to support the energy exchange across the Ethereum blockchain. Prosumers can trade surplus RE to other consumers at a mutually agreed price in VOLT. Next, blockchain-based smart contracts ensure the transparency and security of every transaction. As a result, all Volt-X participants can engage in trustworthy energy trading free of data manipulation. The VOLT token will have a maximum token supply of 1,400,000,000, with 3% of it available for seed sale.

Token info

Ticker: VOLT

Type: Utility-token

Token standard: BEP-20

Token price in USD: 1 VOLT = 0.02 USD

Accepted currencies: BSC, USDT

Token distribution:

Seed — 3.57%

Private Rounds — 7.14%

IDO — 0.40%

Dex Liquidity — 6.74%

Company Reserves — 17.86%

Airdrops — 0.71%

Treasury — 4.29%

MKT — 8.57%

RnD — 3.57%

Legal — 1.43%

Team — 7.14%

Partnerships — 2.86%

Staking — 17.86%

In-platformrewards — 17.86%

Final Thoughts

Voltreum provides a decentralized solution for smart microgrids, a developing market estimated to reach $63 billion by 2027. The company plans to spearhead the revolution of decentralized trading of renewable energy. This way, it should be an established market player by the time this trend reaches global adoption. Volt-X is Voltreum’s first solution to the growing challenges in the energy sector. The P2P energy trading system employs a bi-directional process motivating prosumers to save, trade, and share energy with significant monetization opportunities.

For More Information About Voltreum:

Website; https://voltreum.com/

Whitepaper: https://voltreum.com/wp-content/uploads/2023/01/Voltreum-Whitepaper.pdf

Twitter: https://twitter.com/voltreum

Telegram Group: https://t.me/voltreum_official

Medium: https://medium.com/@voltreum

LinkedIn: https://www.linkedin.com/company/voltreum/

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