Review ICO: Review Ico hot 2018

Hello investors
Today I will introduce you to the eloncity project

The main content of the article includes the following.
1. The reason for the Eloncity project was born.
2. What is Eloncity, vision and advantages of the Eloncity.
3. Eloncity Features & Eloncity Solutions.
4. Founder - Eloncity Development Team.
5. Eloncity project activity model.
6. Eloncity development roadmap.
7. Eloncity Project Advisors.
8. Eloncity project partners.

1. The reason for the Eloncity project was born.

- Environmental and Public Health Problems

California October 23, 2015 — The underground natural gas storage in Aliso Canyon in Los Angeles experienced a massive leak

The Aliso Canyon incident created an environmental disaster on a larger scale than the Deepwater Horizon accident in the Gulf of Mexico.

It was assessed that Aliso Canyon’s gas leak released about 5.3 gigatons of harmful methane gas into the Earth’s atmosphere.

There has been numerous centralized grid disasters over the years, with some gaining worldwide notoriety like the Chernobyl and the Fukushima incidents. In the Chernobyl nuclear power plant catastrophe2, over 300,000 people were forced to relocate permanently. This nuclear accident released traceable airborne radioactive particles that were detected in every country in the northern hemisphere. As these few examples attest, the centralized grids pose increasingly unbearable impacts to the environment, health, and safety of the people that it supposes to serve.

- Safety and Reliability Problems:

California September 8, 2011 — A deficient equipment maintenance procedure at a transmission switch station in Yuma, Arizona, initiated cascade grid power failures that left more than seven million residents without electricity, ranging from San Diego County to western Arizona and Tijuana3. This major incident exposed the inherent susceptibility of the centralized power grid to point-vulnerabilities.

- Adaptability and Resiliency:

In the foreseeable future of global climate change, cities around the world are expected to experience growing incidents of grid failures due to adverse weather, furthering adding to this problem. From heatwaves in Australia and California to frigid winter spells in the northeastern US, to hurricanes Katrina, Sandy, Rita or Maria, we witness repeated episodes of massive grid failures due to the system’s inability adapt and or absorb the disruptions brought about by climate-change induced events.

-Unaffordable Electricity Cost:

US April 14, 2016 — A study was published by Groundswell, a nonprofit renewable energy advocacy group, detailing how the cost of electricity is increasingly burdensome for America’s working class. The study reports the bottom 20 percent of earners spend about 10 percent of their income on electricity.

"When you combine the challenges of natural disasters, population growth, and climate change, new approaches to energy production and distribution are needed more than ever. It is Eloncity belief that the solutions to these challenges should also create vibrant and sustained growth for all. The AI Grid Foundation (Foundation), a non-profit based in Singapore and an advocate for open access to decentralized renewable energy, shares this vision. The Foundation has collaborated with global organizations and local communities to develop the Eloncity Model, a community-centric approach employed to address these challenges and decentralize renewable energy resources to attain a safe, healthy, vibrant and equitable energy future".

2. What is Eloncity, vision and advantages of the Eloncity?.

What is Eloncity?

Eloncity is a model for the planning, constructing and operating community-based renewable microgrid, which means:

➢ Community-centric - the community members coordinate with each other to exchange energy and share energy equipment costs-benefits (e.g., solar PV, battery energy storage system (BESS), energy management system, and others) to access more reliable and cost-effective local energy supply, to maximize the utilization rates of the installed equipment for accelerated return-of-investment (ROI) and other benefits. The community-based approach uses the collective resources of the entire community to implement a project which might be too costly to be done on an individual basis or must rely on funding from a sponsor’s whose interests may not completely aligned with what deem important to the community.

➢ Renewable-based – use locally available renewable resources, such as solar or wind power, to produce electricity locally to fulfill the community energy needs.

➢ Microgrid – means that community energy system is designed to be capable of operating in island-mode AND grid-connect mode. Island-mode means that the community can operate on its own which the community energy needs are fulfilled by the energy produced locally in the community. The island-mode keep the community safe and operational during disaster or emergency events when the energy services from the main grid are disrupted. The grid-connect mode means that the community energy system is connected to the main-grid allowing the community to import energy from the main-grid to supplement the community-produced energy. In the connected mode, the community energy system can provide energy services to the main-grid when the main-grid is failing or does not sufficient localized energy supply to support the main-grid operation reliably. The grid-connect mode is important because it allows the community to leverage resources from the main-grid because it offers the opportunity for the community to generate revenue when the community provides energy services to the main-grid while allowing the community to import energy from the main-grid when it makes senses financially.

Eloncity model integrates advanced technologies, best practices and lessons learned to create a scalable and replicable design for unleashing the potential of the community-based renewable microgrid to attain an energy future safe, secure, healthy, sustainable and equitable, and more vibrant regenerative energy future. The Eloncity model builds upon four key pillars:

1. Decentralized renewable energy technology architecture, which comprises

● Blockchain technology platform that provides an open secured and distributed ledger for efficient recording of energy transactions and the sources of electricity generation in the community, renewable or fossil-fuel;

● Crypto utility token (Eloncity Token or ECT) facilitates local energy exchange and incentivize investment in the battery energy storage system (BESS) for storing newly harvested renewable energy, as well as creating an open global marketplace that enables communities around the world to access advanced renewable energy products and services;

● Intelligent networked BESS harmonizes local electricity supply-demand and flattens intermittent renewable generations into predictable, reliable and dispatchable renewable resources;

● Customer-sited and community-based renewable energy generators, coupled with intelligent networked BESS, in-front-the-meter BESS and behind-the-meter BESS, fulfill all or nearly all the local energy demands;

● Community DC switching power network(s) eliminates the congestion on the last-mile networks and allow energy to flow from any party (or parties) to any other parties. The costly AC power ancillary services are no longer needed while the shared BESS makes 24x7 renewable energy reliable and cost-effective, and

● DC appliances enable the community to use the renewable powers more efficiently by mitigating losses from repeated AC-DC-AC conversions.

2. Community development ensures the successful planning and implementing of the Eloncity model at five fundamental levels; (a) community adoption; (b) social application; (c) quantifiable salient impacts; (d) localized roadmap for step-by-step deployment and continued growths; (e) leverage lessons learned to hone processes for accelerated wide-scale replication of the Eloncity model.

3. Combined performance-based projects with revolving loans create an effective strategy for mobilizing the private market capitals for wide-scale deployment of the Eloncity model.

4. Collaborative and equitable regulatory framework facilitates leveled-field markets to mitigate imbalanced market powers to unleash market innovations, protect the energy consumers, and support local economies.

What is the vision of Eloncity?

AI Grid Foundation (Foundation), a non-profit organization based in Singapore and an advocate for employing decentralized renewable energy as possible pathway to address our energy challenges. We see an attainable energy future that is safer, cleaner, more profitable, more accessible to all. We believe the shared and consensus-based blockchain technology is vital for building the collaborative decentralized renewable energy future. We recognize that crypto utility token is an effective and efficient catalyst to create open, leveled and unified renewable energy marketplace for linking energy consumers with product and service providers around the world. We collaborate with global technology and financial partners, local governments and public agencies, communities, and advocacy groups, non-profit organization and other stakeholders to build a collective pathway to that future.

What are the advantages of the Eloncity model?

➢ Open and Secured Energy Transaction - The ECTP or blockchain platform provides an open, secured and distributed ledger for efficient recording of the transaction of energy services in the community in verifiable and immutable manner. The blockchain platform also enables Eloncity to establish an auditable record for tracking the sources of electricity generation in the community, whether it be renewable or fossil-fuel. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources and monitor the community’s progress toward the renewable GHG-free future. This feature facilitates a shared resource economy to maximize asset utilization rates and cost-effective access to decentralized renewable energy.

➢ Unified and Efficient Energy Marketplace - Eloncity Token facilitates an open market that enables communities around the world to exchange energy and shared-resources locally and also to access the unified network of global renewable energy products and solutions. Similarly, renewable product and service providers benefit from a more open market.

➢ Greater Reliability – The Eloncity provides greater energy service reliability through the decentralized energy architecture’s inherent design ability to anticipate, absorb, adapt to and rapidly recover from potentially disruptive events. The Eloncity design includes arrays or windmills locally, and intelligent networked BESS acting as an energy arbitrage for maintaining local electric service stability, flexibility and resilient energy supply during grid service disruptions and emergency events. The BESS, either behind-the-meter and front-of-the-meter, will power the entire community for the desired duration to ride through an emergency event, through the PV non-production periods, until the sun or wind becomes available again to energize the local renewable generators to recharge the BESS. Both technologically, BESS is a direct response to address the mismatch of electricity supply and demand at every level of the grid network and overcome risks of single point vulnerabilities inherent in the centralized grid architecture.

➢ Lower Costs – The Eloncity model is designed to lower Eloncity community energy expenditures over the project’s useful life. The energy expenditure savings are achieved by the combination of (a) Local DC grid network within each community, large appliances powered by DC electricity, together with targeted energy efficiency retrofits to lower overall energy losses and consumption, (b) Generate renewable energy locally to offset all or most of local electricity demands, (c) Flatten peak energy demands to minimize costly demand capacity charges, (d) Purchase centralized grid energy only during the period of lower cost (i.e., off-peak in constrained areas or excessive-generation in areas with utility-scale renewables), and (e) Provide ancillary services to the centralized grid to generate revenues. Economic savings is a fundamental feature of the Eloncity model, especially in addressing the mounting challenges with high energy cost which disproportionately burden the underserved communities.

➢ Increased Safety – The Eloncity’s renewable generation and BESS reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, gas poisoning, and are quite likely available for only the limited amount of time while gas/diesel is available. Eloncity will power the public safety facilities indefinitely in standalone mode with inexhaustible local renewable resources. The model proposes a direct response to address the unacceptable risks to public health and safety posed by the fossil fuel-based energy resources.

➢ Societal Benefits – Community-based renewable microgrid (CRM), based on the Eloncity Model, supplies daily non-GHG energy to power the community. The CRM provides energy security and community safety during the disaster and emergency events, as well as ongoing energy bill savings that allow the community to focus its budgets toward critical social programs. Additionally, CRM projects include targeted building energy efficiency retrofits that not only produce energy and financial savings but also make existing community facilities more comfortable and productive with the installation of more energy efficient equipment and building retro-commissioning. This mission is driven by how the Eloncity model is structured to unlock more than quantitative benefits through a decentralized energy system. The vision of Eloncity is also grounded in an energy future that is more equitable and poised for universal replication because of its intended qualitative and societal benefits. Beyond the metrics of a more efficient energy system, the decentralized energy system of the Eloncity model is designed specifically to advance the environmental, social and cultural values of its stakeholders.

➢ GHG Emissions Reduction – Eloncity will achieve significant GHG emission mitigation by (a) reducing GHG emission through targeted building energy efficiency to lower energy consumption, (b) replacing fossil fuel-based and nuclear-powered electricity generation with renewable electricity generation and (c) limiting the needs to operate fossil fuel-based peaker plants through flatten peak demands with load-shifting with combinations of energy storage and customer energy demand management. This feature addresses the concern for public health and environmental equity, especially for disadvantaged communities.

➢ Adaptation – Eloncity’s decentralized energy system provides the community with increasing energy security and resilience for adapting to any potential climate-induced, other natural or human-made disasters. The Eloncity’s decentralized and redundant local renewable generations with intelligent networked BESS will continuously power the community during emergency events when the centralized grid services are disrupted. The ability to safeguard the community and resilient energy infrastructure remains a dire need that is the embedded in the DNA of the Eloncity Model.

➢ Low-emission Vehicles/ Transportation – The Eloncity power system and blockchain architectures include an advanced energy management system, local renewable power generation, an intelligent networked BESS, electric vehicle (EV) to grid connection, and roaming EV charging to support the electrification of transportation. With the communal value-added benefits that EV and V2G technologies, the Eloncity model advances public safety, health, and lower transportation cost.

➢ Economic Development – Eloncity will produce energy locally for consumption. Significant energy expenditures will be retained locally to support the local economy. Eloncity projects will directly support local clean energy employment that will provide human resources to support the Eloncity project planning, design, build and operation. Moreover, Eloncity pushes the technological and business model advancement to create a new generation of Adaptive Community Renewable Microgrid to provide energy security and safety to communities in disaster-prone areas. The Eloncity pilot project will provide appraisal data, a holistic framework, pragmatic tools, standardized approaches, and defined methodologies for replicating the Eloncity model in targeted areas. Thus, Eloncity provides not only energy security and community safety, but it also holds significant potential for economic development through the Eloncity model; a model where local communities are empowered to expand the local capacity and workforce.

➢ Environmental Benefits and Public Health – As discussed in the above paragraphs on “Increasing Safety” and “GHG Emission Reduction”, Eloncity will maximize the synergies of targeted energy efficiency retrofits, decentralized renewable generation, energy storage and other behind-the-meter resources to lessen the reliance on dirty fossil fuel-based or nuclear powered electricity, reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, and gas poisoning

3. Eloncity Features & Eloncity Solutions.

Eloncity Solutions

4. Founder - Eloncity Development Team.

Andy Li, founder of Eloncity and POMCube; Chief Technology Officer of ChinaCache; Computer researcher of the Alibaba cloud.

Andy Li: formerly worked as a Principle Engineer at Cisco. His accumulated 12 years of experience at Cisco served to make Li more than proficient in traffic engineering and also provided him with valuable insight and research experience on the intelligence of access networks. Li believes that access network intelligence is far more efficient than that of the core/distribution networks, i.e. backbone network intelligence. In addition, Li served as Chief Technology Officer at ChinaCache and Lead Researcher at Alibaba Cloud Computing. Li is committed to provide ECN/CDN-like solutions for Internet infrastructure. While at Alibaba Cloud Computing, Li initiated the application of a DC distribution network for super data centers in order to increase power efficiency. Due to widespread recognition and implementation from industry experts, “data center direct-current” has become an industry trend.

In 2014, Andy Li founded POMCube Inc. with the goal of designing a high-efficiency battery energy storage systems (BESS) to directly power DC appliances. Later in 2018, Li’s newly founded Eloncity was committed to combining blockchain technology with the trillion-dollar global electricity market in an effort to help people use renewable energy as the main energy source of the future.

Michael Nguyen - VP of programagement

The 30-year career covers a variety of industries, from non-profit organizations, advanced energy programs and policies in IT research and development, international production activities and market development.

Mike owns 17 patents and four industry awards for technological innovation.

Justin Wang - Product Manager

Lead Architect for iCAN, NetZero.

Architect, Modular Data Processing Center, Smart3Technology.

Sr. ME, Emerson Network Power, Xi'an, China.

Gregary Liu - Marketing Director, North and South America

More than 11 years working as an architect of system solutions, developing products.

A new requirement for OCP / OCS / OPEN19 design for Mega-Datacenter.

He studied MBA in the field of technology management in NCTU, BS on physics in NTU.

Dunping Yao - Hardware Engineering Manager

6-year experience with BMS equipment.

Scientific assistant, charging technology VRB for two years in INET Tsinghua University.

MSEE in the field of recognition and automation technologies, University of Southern China.

Peng Xu - Software Engineering Manager

More than 10 years of experience in software development, architecture design and data analysis.

NetZero Software Architect.

Developed web-services systems Pomcube Created and supported the e-commerce site Foxconn.

Haichuan Jiang - System Verification Manager

10 years + experience of technical work in testing systems and software testing programs.

Successful project management checks integrated communications.

The commander of the project is Energy Storage System based on the cloud platform on AWS.

Allen Ding - Eloncity Project Manager

9-year experience in energy electronic design.

Resident-expert in the field of electromagnetic and power electronics technologies

BSME, University of Southern China

5. Eloncity project activity model.

The Eloncity Model builds upon four key pillars

(1) Decentralized renewable energy design architecture, which comprises:

A Blockchain platform that provides an open, secured and distributed ledger for efficient recording of energy transactions in the community in a verifiably and immutable manner. The blockchain platform also enables the Eloncity community to establish an auditable record for tracking the sources of electricity generation within the community, that is GHG-free or non-fossil-fuel based. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources, and also monitors the community’s progress toward de-carbonization.
An intelligent networked battery energy storage system (BESS) deployed on the customer premises to harmonize local electricity supply-demand. The Eloncity BESS mitigates the needs for costly capacity and ancillary services. Additionally, BESS also help to flatten intermittent renewable generation into predictable, reliable, and dispatchable renewable resources.
Customer-sited or community-based renewable generations, such as solar PVs coupled with intelligent networked BESS, that can fulfill all or nearly all the local energy demands. The locally produced renewable powers would eliminate, or significantly lessen, the need to transport remotely generated power through the vastly complex and often vulnerable centralized grid’s T&D network, while at the same time avoiding energy losses from long-distance transmission of remotely produced powers to customer sites.
A community DC power network that uses the renewable DC power more efficiently by minimizing the losses from repeated AC-DC-AC conversion, while eliminating the need for costly AC power ancillary services. Electricity in DC form is much more simple as compared to its AC counterpart. For instance, DC electricity does not require complicated and costly supports such as frequency regulation or reactive power services. The Eloncity’s proposed local DC power grid includes the DCBus Scheduler that orchestrates the community electricity demand-supply. This local scheduler’s role would be equivalent to that of the independent system operator, but with the significant advantage of the ability to balance the local energy demands and supplies at individual customer premises levels in highly granular temporal resolution. In summary, the local DC grid and DCBus Scheduler, together with the networked BESS, would remove the need for costly ancillary services while eliminating the loss from repeated AC-DC-AC conversion. All these technical innovations ultimately aim to reduce the cost of delivered electricity to the energy consumers.

(2) Community-driven planning and implementation that warrants the enduring success of the community’s transition into the sustainable, regenerative energy future. Due to the fact that the community and their children must live with this energy future, it is imperative that the community has active participatory roles in defining and creating this new energy future.

(3) Performance-based and self-funded financing is critical in mobilizing private market capital to fuel wide-scale adoption of decentralized renewable energy. The Foundation will collaborate with financial partners, government agencies, and other key stakeholders to establish revolving loan funds. The revolving loan fund’s goal is to contribute to the upfront capital expenditure necessary for initiating the project in communities that lack access to such funding. The performance-based projects will demonstrate their merits by producing real and meaningful energy bill savings for the community members while generating the required return-of-investment to pay back the startup loans. The repaid loans will be used to finance the subsequent Eloncity projects.

(4) An equitable regulatory framework that facilitates open markets is necessary for mitigating the currently imbalanced market powers, protecting the energy consumers, supporting the local economy, and unleashing market innovations. The regulatory framework must ensure fair market access for innovative market players and guide market-driven solutions to provide: (a) safety for the community and those that live and work in it, (b) reliable energy services that support vibrant community development in the face of climate change, © cost-effective energy services that are affordable to all, especially the low-income families, (d) sustained success of the community transition into the healthy and safe regenerative energy future, and (e ) a framework to ensure no community will be left behind as the world accelerates into the clean regenerative energy paradigm.

The potential markets for the Eloncity Solution would be any areas that are being served by fossil fuel and nuclear powered centralized grids. However, the Foundation will focus on disaster-prone and rural areas during the initial market development phase because these areas: (a) are most vulnerable to electricity service disruptions; (b) typically lack the local capacity to plan and create the safe, healthy, secure and sustainable energy future; and © are hard-to-reach and underserved communities that often get left behind. Concurrently, the Foundation will collaborate with large utilities in dense urban areas to provide the decentralized Eloncity Model to address localized constrained service areas. Similar to the example of the Melbourne grid blackout during heatwaves, the constrained areas do not have the adequate T&D capacity to import needed electricity supply. The traditional solution would be costly grid infrastructure upgrades and the re-commission of dirty fossil-fuel or dangerous nuclear power plants. On the other hand, the Eloncity Model produces renewable energy locally for local consumption, thus negating the need to import remotely produced energy through costly and often vulnerable T&D networks.

6. Eloncity development roadmap.

Eloncity implementation roadmap delineates into three primary phases.

➢ Phase 1: Q4’2014 to Q2’2018 - The Foundation has been collaborating with a coalition of global partners to develop key building block technologies for the Eloncity model.

➢ Phase 2: 18 to 24 months from Q3’2018 - The Foundation will collaborate with various authorities, organizations, companies, and community members to demonstratively scale the Eloncity model in communities within North America, Latin America, and Asia by using blockchain technology.

➢ Phase 3: From Q4’2022 - The Foundation will focus on mass market transformation to proliferate the Eloncity model to all targeted markets globally.

7. Eloncity Project Advisors.

Bryan Allen is a Software Engineer for the NASA Jet Propulsion Laboratory Task Force.

He started working at NASA in 1987, now working on the Mars Reconnaissance Orbiter.

Robbet Mao: He is the founder of the Blockchain 3.0 Arcblock project.

He previously worked as a software engineer at Microsoft's FUSE lab in

the United States. Robert is one of the pioneering leaders in

technology in the US, he is the founder of three companies:

UUZONE: Social networking came out before Facebook, has attracted 3 million users

LOCQL: created PixoMobile - phone application for photo sharing

Wide Web Consortium: SNS predecessor

Image result for robert mao

Kelvin Xu:

Kelvin has a diverse tech background that has allowed him to gain deep understanding in AI, Blockchain, Big Data, IoT, network security, wireless, and optical communication.

Kelvin is the VP of software of RiC Semiconductor with rich experiences of the 3D facial recognition and RF radar for autonomous driving. He also serves as an technical advisor to a VC company to evaluate new business plans, for example the Swirlds Hashgraph early investment. He held Sr. software positions in S&P 500 companies (Bell Canada, Nortel, Alcatel, Fujitsu) as well as startups. His expertise includes: AI, Blockchain, Big Data, IoT, network security, wireless and optical communication. Mr. Xu holds multiple US patents in wireless, IoT, and optics communication.

Mr. Xu holds M.Sc. degree from McGill University and B.Sc. degree from University of Science and Technology of China in GeoPhysics.

Jasmine Zhang:

Jasmine currently works as a Key Account Director at NVIDIA in their Beijing office where she manages three major accounts, comprising a market cap of $20–50B each, to accelerate the enterprise AI adoption and coordination with OEM partners on product and service delivery. She also leverages her team’s technology capacity to assist NVIDIA’s Inception Program, which helps start-up’s with their technical needs and new applications.

Prior to her role at NVIDIA, Jasmine was a Managing Consultant with IBM Global Services where she drove the IBM smart grid global initiatives in China. In addition to holding key roles at other major multinational corporations like Siemens and KPMG, she also has start-up experience. She was the Director of BD and Marketing for Prudent Energy Inc., a new tech venture, where she played a pivotal role in the post-acquisition transition of a multinational business with flow battery technology into a new market. She was able to achieve an entire operational relocation and generate initial sales within within six months.

As a private consultant she also advised the CEO of China’s State Power Group Co. on growth opportunities and strategic planning in the electronic vehicles market. She spearheaded the successful acquisitions of a European hydropower business, as well as the acquisition of SAAB, where she was able to beat out major competitors such as BMW.

Jasmine earned an MBA in Strategy and Marketing, as well as a MS in Global Sustainable Enterprises from the University of Michigan.

8. Eloncity project partners.