Rowan Energy’s Low-Carbon Blockchain and SmartMiner Device is Changing the Game – CryptoMode
The renewable energy industry is undergoing a revolution, thanks to the innovative use of cryptocurrency and blockchain technology by British company Rowan Energy. Rowan Energy has developed a low-power and low-carbon blockchain that is used to incentivize the use of renewable energy and encourage sustainable lifestyles.
The company recognized the potential of blockchain and crypto in peer-to-peer trading of solar energy, but could not find a low-power and low-carbon blockchain. So they decided to build their hybrid blockchain using their proprietary low-powered Proof of Generation consensus. With this system, users must generate 1kWh of renewable energy to be allowed to validate transactions on their chain.
The Rowan Energy blockchain is designed to build the customer base for a future decentralized energy network where rooftop solar owners can sell their energy peer-to-peer with other consumers. The blockchain runs on a small device called a SmartMiner, installed in homes with solar panels. It counts how much electricity the roof produces and how much is fed into the grid. Solar owners are then rewarded with Rowan Rewards, which can be paid directly to their bank account, PayPal, or sent as Rowan Coin (RWN) to a Rowan wallet or transferred to a partner exchange’s Probit or LATOKEN.
Rowan Energy’s CEO and founder, David Duckworth, aims not only to encourage the use of rooftop solar, but also to change people’s habits and attitudes towards renewable energy. By taking responsibility for generating and consuming their energy, people can get better returns for producing clean green energy. They can use the washing machine or dishwasher during the day to harness the solar energy instead of feeding it back into the grid, but still get extra income.
Rowan Energy’s SmartMiner devices have been installed in homes across England, with the general release in late 2022. They now monitor more than 1MW of solar. The company has hinted at a new partnership with the UK’s biggest solar installer. This can lead to rapid growth as they integrate SmartMiner into the already available solar infrastructure. This move changes the residential solar market internationally and changes the dynamics of solar installation companies forever.
The use of cryptocurrency and blockchain technology is also transforming the energy storage and management industry by enabling the creation of more efficient and transparent energy markets. It can control the flow of energy between different sources and ensure that the energy is used efficiently. Cryptocurrency can also stimulate the use of renewable energy sources, and accelerate the transition to a more sustainable energy future.
With more than one million homes in the UK having solar panels, Rowan Energy’s low-carbon blockchain and SmartMiner device offers an opportunity to earn almost three times as much for self-produced green energy. The company’s innovative solution to encourage sustainable lifestyles while encouraging the use of renewable energy is a game changer. As the world moves towards a more sustainable future, we expect to see more innovative use cases emerge for cryptocurrency and blockchain technology in the energy industry.
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