VLUX

July 4, 2018

July 7, 2018

ICO Information

ICOs Description

By combining innovations in machine learning, blockchain, IoT, and energy storage, Verv hopes to lead the development of peer-to-peer energy trading. The VTP has been designed to facilitate trading at the grid edge. Prosumers selling electricity are expected to receive a better payback, incentivising installation of renewable infrastructure and storage; consumers should be able to diversify their electricity supply, purchase energy at lower prices, and may also be incentivised to consume electricity during off-peak hours, or when renewables generation is high, which in turn should mitigate the variability in peak consumption and renewables generation.

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