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Introduction
Renewable energy is becoming increasingly popular as the world looks for ways to reduce its carbon footprint and combat climate change. However, solar energy still only contributes to a small percentage of countries’ energy mixes. Hygge Energy, a Canadian startup, is on a mission to speed up the adoption of rooftop solar by maximizing profits for solar rooftop owners and accounting for carbon credits. The company is utilizing disruptive blockchain technology and artificial intelligence (AI) algorithms to reduce the cost of electricity and enhance the overall stability and performance of the system. In this article, we will explore how Hygge Energy is achieving its goal of creating net-zero communities through local generation and absorption of clean energy.
Hygge Energy’s Platform
Hygge Energy has developed a platform that tracks the generation and utilization of energy to account for carbon credits. The platform utilizes blockchain technology, which is embedded within an IoT-enabled Hygge Box, to reduce energy consumption and maximize profits for users. The software tracks renewable generation, consumption, and conversion into carbon credits, recording data for each millisecond. Hygge’s AI algorithms decide when to charge a battery or utilize the energy stored in the battery, identifying the maximum carbon-intensive application and allocating the unit of renewable generation to that application. By doing so, Hygge Energy is creating a system that promotes local generation and absorption of clean energy.
Hygge Energy’s Projects
Hygge Energy is based out of Toronto, Ontario, Canada and has undertaken projects in Canada, the USA, the UK, and India. In India, the company is doing projects in multiple states, including Cherrapunji in Meghalaya and Spiti Valley in Himachal Pradesh. Hygge Energy collaborated with the Indian Oil Corporation for improvement of EV charging infrastructure across the country. Hygge Energy’s goal is to create net-zero communities by promoting local generation and absorption of clean energy.
Hygge Energy’s CEO, Prateek Saxena, says, “Hygge Energy is about local generation, local absorption of clean energy, which finally creates a net-zero community. Our main patent and software are about the tracking of renewable generation.” Hygge’s patented software tracks generation and consumption within a community in each instance, accounting for carbon credits. By doing so, Hygge Energy is creating a system that maximizes profits for solar rooftop owners while promoting local generation and absorption of clean energy.
Hygge Energy’s Unique Approach
Hygge Energy’s unique approach to blockchain technology is embedded within an IoT-enabled Hygge Box, which is an energy-efficient and low-energy intensive technology. Prateek Saxena says, “Blockchain technology is considered a very energy-intensive technology. we went for a pattern which is unique, low energy-intensive blockchain technology and embedded on Hygge Box, that is an IoT box, and not on Cloud. Hygge Energy’s is probably one of the first few startups capable of doing it.” By utilizing IoT-enabled technology, it is reducing energy consumption while maximizing profits for solar rooftop owners.
Conclusion
Hygge Energy is a Canadian startup that is on a mission to create net-zero communities by promoting local generation and absorption of clean energy. The company’s platform tracks renewable generation, consumption, and conversion into carbon credits, maximizing profits for solar rooftop owners while reducing energy consumption. Hygge Energy’s unique approach to blockchain technology, embedded within an IoT-enabled Hygge Box, is an energy-efficient and low-energy intensive technology. The company is doing projects in Canada, the USA, the UK, and India. By utilizing disruptive blockchain technology and AI algorithms, Hygge Energy is creating a system that promotes local generation and absorption of clean energy, ultimately contributing to a more sustainable future.
F & Q
What is Hygge Box
The Hygge Box is an IoT-enabled device developed by Hygge Energy, which utilizes blockchain technology and AI algorithms to promote local generation and absorption of clean energy while reducing energy consumption and maximizing profits for solar rooftop owners.
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