PRESS RELEASE: PYLON NETWORK Klenergy’s new green energy exchange platform, based on Blockchain technology, PYLON NETWORK is a Blockchain proposal for energy decentralization and cooperative governance.
“Have you ever dreamed about the energy system of the future?” We’ve been doing it for a long time. The concept that most people have not grasped is the “sensuality” of Renewable Energies (RE) and The potential Impact of distributed generation, this is why Klenergy was born.”
Klenergy is a team of European engineers who for the last three years have been developing technologies that aim to promote sustainable technologies and the generation of renewable energy.
Klenergy has announced the launch of an innovative service, powered by blockchain technology: Pylon Network is a platform for the direct exchange of green electricity – from producers to consumers – without the need for intermediaries. At the same time, Pylon Network rewards the production of green electricity with the aim of softening any existing imbalance in the reward mechanisms of traditional energy markets.
Pylon Network is designed to create a thriving environment, with respect to:
- The provision of financial incentives for the growth of investment in green energy;
- The direct exchange of cheap green energy;
- Exclusive use of certified green energy.
“The technology to achieve our 100% sustainable development vision is there and it works! Pylon is here to accelerate its implementation and demonstrate the potential value creation that comes with decentralizing the energy supply chain, investment decisions and policies.”
-An ambitious plan, Pylon-Network-
The Klenergy team and the partners involved have tried to offer an alternative chip sale compared to the vast majority of “ICOs” that emerge every day. An attempt has been made to differentiate the sale of Pylon tokens over two key characteristics: (i) by offering a token, whose value is literally based on the most valuable product of our time (renewable energy); And (ii) using proceeds from the sale of chips in sustainable energy projects, which will generate revenue, while also providing clean energy to the Spanish grid.
Pylon Network will be implemented and tested on a commercial scale, within the operational and legal framework of Spain’s energy cooperatives.
“We believe that with the given structure, as well as the values manifested by renewable energy cooperatives, the Pylon Pylon Network could take advantage of the development of a decentralized and international cooperative model, with mechanisms of distributed consensus and governance in its foundation.”
The pilot will begin on October 17, after the completion of the Pylon token sale, which will be launched on September 4 until October 2. The first simulations of the platform have already begun, acquiring real data from existing customers (at the local community level) and simulating the green energy exchange between consumers and producers.
The goal of the team is to achieve the amount of € 3.8M in order to realize its optimum development of Pylon Network, which includes a series of hardware installations (solar panels, energy storage units and smart meters) within the Spanish electrical network, but also, isolated installations – not connected to the grid.
Klenergy is working closely with creative and knowledgeable professionals in both the energy sector and the BlockChain developer community. What united us first and keep us together is the impact our actions have on our planet and the impact that decentralized technologies can have on our lifestyle and our evolution.
Klenergy is a Spanish Start-up (also based in Denmark) with a history of success and a continuous drive to evolve and remain at the forefront of progress, with respect to our (future) energy systems.
We see sustainable technologies as a path not only for a greener, less polluted planet, which is still a big problem, but also as a path towards a more just and democratic society, with equal access to resources and, therefore, Both, to opportunities.
Klenergy has already developed two products, which have a great impact on this belief; The star hydrogen battery, Klenergy HELIOS, and the first intelligent meter available based on Blockchain technology – Klenergy METRON.
“We are very excited to announce our new service, Pylon Network and our commitment to the future of our energy systems, our societies and our government.”
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