Democratize Access to green energy.
Lightency is a green tech startup that harnesses the power of deep technologies to ensure/accelerate better access to affordable and green energy. By providing a decentralized solution, we ensure that green energy is produced, consumed, and exchanged locally which lowers the cost and increases efficiency.
The Lightency solution was conceived to answer specific problems faced by the African market
LACK OF ACCESS TO ELECTRICITY
600 million people in Africa don’t have access to electricity.
Distributed energy resources in microgrids is a solution to accelerate access to electricity
Issues maintaining grid stability, reliability and availability
Peer to Peer (P2P) trading platform to better balance the Grid and enable users to trade excess energy
Issues securing and dealing with customers payments
Use of blockchain to secure and lower the fees of micropayment, also ensure transparency for both parties
WHAT WE DO :
We contribute to increasing electrification rates: by allowing people to gain money through selling their excess of electricity, we are encouraging self-production and auto-consumption.
We contribute to micro-grid implementation: By shifting to a decentralized distribution management system, we could ensure a better grid control and stabilization, as well as a certain enhancement of the power performance.
We empower customers: through our p2p trading platform, we reduce intermediaries and put customers at the center, by allowing them to freely exchange energy.
Why we do it: To create real and tangible impact for individuals and communities
Why the African Market ?
In the selected countries, government policies are favorable to our solution implementation: under a certain capacity of production, electricity can be traded freely between peers.
We chose these countries, because the mini grids market is already developed there, so our base for potential customers is wider: more than 240 mini grids in Mali, 180 000 customers served with minigrid in Tanzania..
EASE OF DOING BUSINESS
In the selected countries, the political and economical situation is moderately stable, and some indicators are encouraging: for example the mobile penetration is high.
140 M people will have access to electricity through Microgrids and Minigrids by 2040 in Africa.
“The monetary system has to change from a gold backed currency to energy and natural resources backed currency. “ Henry Ford
SMART CITY FRAMEWORK