Overview of Electrify.Asia

  • Electrify.Asia is an Asian venture that aims to create a transparent, decentralized power production system, that is, a liberalized marketplace that gives its users the freedom to choose their own electricity retailers and the way they want to utilize energy.
  • Electrify.Asia uses the blockchain and smart contracts to sell energy and has transacted more than 30GWh of electricity for commercial and industrial customers since March 2017 using their token ELEC.
  • Electrify.Asia aims to enhance the existing company of ELECTRIFY by allowing consumers to buy their energy directly from peers or electricity retailers using the blockchain and smart contracts.
  • Electrify.Asia, a Southeast Asian online marketplace for retail electricity trading, announced today Omise Holdings/OmiseGO founder and CEO Jun Hasegawa has joined their advisory board.
  • Electrify.Asia is an electricity marketplace for Asian territories, mainly the southwest region and is addressing the need for transparency and security in the consumption of energy.
  • Electrify.Asia won 1st place at BlockShow Asia 2017 and recently announced a tight partnership with one of the most successful and innovative projects in the crypto sphere- OmiseGo.
  • Electrify.Asia price Index provides the latest ELEC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • Electrify.Asia Whitepaper Introduction Worldwide, energy markets are subject to economic friction arising from centralised control and ownership.
  • Electrify.Asia's share of the entire cryptocurrency market is 0.00% with the market capitalization of $ 1.91 Million.
  • Electrify.Asia’s market cap currently sits at $1,905,570.00 USD, holding up for a market cap rank at #1574.
  • Blockchain

    (Description provided by CryptoCompare)The ELEC token is an ERC20 compliant asset in the Ethereum blockchain and is used within their marketplace to transact energy.

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    How does recuperation work in a mild hybrid?

    Energy is released during braking or when approaching a vehicle up ahead.The ISG recovers this energy by converting (“recuperating”) it into electricity that is used to recharge the 48-volt battery.“The 48-volt battery stores the recovered energy and supplies it to the electric motor.This way, the electric motor can provide the combustion engine with up to 15 kW for a more dynamic acceleration,” explains Christof Kühner.

    How does recuperation work in a plug-in hybrid?

    Energy is released during braking, when driving downhill or approaching a vehicle up ahead.The electric motor recovers this braking energy by converting (“recuperating”) it into electricity that is used to recharge the high-voltage battery.The higher a battery’s capacity, the more recovered electricity can a battery receive.The energy recovery capacity of the C-Class is up to 100 kW, enabling the recuperation of a maximum of braking energy.

    How does the mild hybrid technology work?

    “The mild hybrid technology electrifies combustion engines.As a result, the new models of the C-Class family offer even better driving dynamics while at the same time consuming much less fuel,” says Christof Kühner.At Mercedes-Benz, he is in charge of overall vehicle testing for the C-Class for which the new four-cylinder engines are available as mild hybrids.

    How does the plug-in hybrid technology work?

    “The plug-in hybrid C-Class is not only driven by a four-cylinder petrol or diesel engine, but also by a powerful 95 kW electric motor receiving energy from a high-voltage lithium-ion battery”, explains Matthias Klöpfer.He and his team are part of the fourth generation plug-in hybrid drivetrain development.This fourth generation is particularly characterised by the compact integration of the power electronics into the transmission housing and the more powerful drive system.

    How Is the ELECTRIFY Ecosystem Different from the Current Energy Marketplace?

    To begin with, the current energy marketplace from ELECTRIFY is only available via the web application, while the new Ecosystem will also allow for a mobile application.The current business for ELECTRIFY is relatively straightforward, providing retail electricity contracts.The ELECTRIFY Ecosystem, however, has multiple components.MARKETPLACE 2.0 provides retail electricity smart contracts (instead of the regular retail electricity contracts in the current system) as well as SYNERGY, the peer-to-peer energy trading platform.Both the smart contracts and SYNERGY are supported by PowerPod and E-Wallet.

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    What are the benefits of mild hybrids?

    The new four-cylinder engines of the C-Class use integrated starter generators of the second generation.This ISG combines the starter and the generator into a high-performance electric motor that is located between the combustion engine and the transmission.This electric motor is connected to a 48-volt battery that supplies the vehicle electrical system and the electric machine with electricity.By combining the ISG with a 48-volt vehicle electrical system, it not only optimizes driving dynamics, but also efficiency.

    What are the benefits of the plug-in hybrid technology?

    Matthias Klöpfer is particularly proud of the all-electric range of around 100 km (WLTP¹).Because this makes electric driving possible for many, if not all, everyday journeys.For the new plug-in hybrid generation, driving with zero local emissions has priority, which is why the driving mode ELECTRIC is set as standard.The combustion engine is available for high speeds or long distance drives.Thus, a plug-in hybrid meets both demands and the question of whether you’ll get home with 20 percent battery capacity is no longer necessary.“No matter if freezing or summerlike temperatures are a strain on the air conditioning, or if you’re suddenly stuck in traffic: with a hybrid you always have a comforting range as you can rely on the combustion engine any time.

    What Are the Core Components of the ELECTRIFY Ecosystem?

    One of the major components of the ELECTRIFY Ecosystem is Marketplace 2.0.This mobile and web platform is the part of the Ecosystem that lets consumers buy their energy from peers or electricity retailers, utilizing smart contracts and the blockchain.

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    What is meant by coasting?

    Another feature that helps to actively save fuel is known as coasting.If the driver takes his or her foot off the gas pedal when the ECO drive program is activated, the combustion engine is uncoupled from the drive system and switches off completely.“It really makes the driver feel as if the vehicle is coasting smoothly along the road.” The engine restart from the coasting mode is barely noticeable because the starter generator brings the combustion engine to synchronous speed very quickly and evenly.This makes the starting procedure even quieter.The same applies to restarting the engine with the start/stop function, so that the driver hardly notices the restart procedure.“Pure driving comfort,” says Christof Kühner.

    What is the effect of load point shifting?

    The mild hybrid technology also has a positive effect on the engine load.“Because the ISG can shift the load points at low engine speeds by providing the engine with an electric boost, the combustion engine always operates in convenient engine characteristics.” This reduces fuel consumption, “especially in urban driving when I have to continuously restart the engine in stop-and-go traffic and accelerate from a standstill, thus at low engine speeds.

    What Is the ELEC Token, and How Is It Used?

    The ELEC token is one of the key components of the ELECTRIFY Ecosystem.Energy retailers and producers use ELEC as a deposit for their listings and to gain access to the Ecosystem.Energy providers also pay ELECTRIFY’s transaction fees using ELEC tokens.These tokens are also used as loyalty rewards for the consumers.The actual payments from customers to electricity retailers remain in fiat, as do the payments via the SYNERGY peer-to-peer platform.

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    History of Electrify.Asia