Energi Mine, a blockchain platform that financially rewards energy saving behaviour, has teamed with solar energy products specialist Jem Energy.
The partnership will see Jem customers rewarded with EnergiTokens (ETK) for purchasing equipment for the generation and storage of renewable energy. The tokens can be put towards energy bills, claiming discounts on electric car charging or even exchanged for fiat currencies.
James Rodwell, Director of Jem Energy, says: “At the moment the technology behind solar energy is progressing rapidly, as are the new battery technologies that underpin renewable energy. Therefore, given that we now have the ability to easily retrofit existing solar systems and energy infrastructure that is many years old, the incentivisation that Energi Mine can provide will succeed in nudging people towards making this active change.”
Energi Mine has announced several recent partnerships with organisations including Simply EV – a maker of electric car charging equipment, and Electra Vehicles – a UK company that provides commercial vehicle operators with clean, zero-emission solutions for their heavy goods vehicles.
“The first step in the fight against climate change starts with the promotion of renewable energy options to consumers,” says Energi Mine CEO Omar Rahim. “This will allow us to lessen our dependence on the fossil fuels that so greatly harm the environment. People require financial – as well as ethical – incentivisation in order to alter their entrenched behavioural practices and our partnership with Jem Energy provides exactly this.”
“We have already seen that the government’s debasement of the feed-in tariff has had a negative effect on the use of renewable energy: rates of solar panel installations have plummeted to a seven-year low, in spite of the cost of installations falling by over 70%. Therefore, we need to replace this lost incentivisation so that people can make a financially prudent decision in turning to renewables.”