Who are prosumers, and why do they need EAAS?

The term “prosumer” belongs to the marketing area, and it is a combination of the words “producer” and “consumer”. In recent years, the word has gained popularity due to the growing role of renewable energy. In this context, a prosumer is a person who generates electricity from renewable sources for his own needs, using micro-installations (i.a. solar panels on the roof). At the same time, a prosumer can store and transfer the surplus of energy to the power grid. Thanks to EAAS, prosumers can certify their energy and earn money. How is it possible?

The prosumer era

Decentralized energy has the potential for a mass change of environment based on any natural (green) source of electricity. The economic advantages of prosumer energy are manifold, such as better use of local energy sources and economic activation of local communities but also lower energy transmission costs. On the other hand, there is a glaring need for a service that will aggregate liquidity, facilitate and automate energy trading with more security and efficiency, and provide better usability and transparency for any user. EAAS’s goal is to certify the energy sources. It will unite all green energy producers, regardless of their scale of operations (prosumers). Interests of these two sides seem to be a perfect match, but how will it work in practice?

What is EAAS?

EAAS stands for “Energy As A Service”. In a nutshell, it’s an innovative digital token of green energy created by your source or proven by a trustee to be used, stored, or swapped on energy exchange. The company aims to earn healthy returns while contributing to global clean energy production. The EAAS token provides investors with an opportunity to improve their living standards, provide access to modern energy services and reduce the reliance on fossil fuels. In practice, EAAS is a hardware box based on ERC20 that supports frictionless decentralized applications (dApp) integration and intuitive cross-chain swapping.

What can EAAS give to prosumers?

In a nutshell, EAAS gives them the possibility to sell the energy with the certificate of origin. Why is it important? Till now, providing energy consumers with the knowledge of where the energy originates was a rare thing, addressed to big players (producing at least 1 MWH) only — traceability information is limited at the energy supplier level. It is based on blockchain on a decentralized network, where everyone is equally important, and the system is reliable and transparent. EAAS offers transparency and traceability, allowing you to find out where exactly renewable energy comes from. EAAS also monitors the decentralized grid to provide a better forecast and adapt to the fluctuating demands of the grid through IoT devices powered by AI and Data analytics. Does it sound interesting, but you’re still a little confused? Click the picture below to watch the explainer video: