Blockchain-based platform aimed at saving energy, co-founded by Steve Wozniak, Jacopo Vanetti, Ken Hardesty, Stefano Scozzese, and Jacopo Visetti.
The first blockchain-based energy-saving platform. Efforce is the first platform that allows contributors to benefit from the energy savings generated by energy efficiency projects worldwide. The platform brings together those who want to improve the energy efficiency of their buildings or industrial processes with a pool of contributors interested in being repaid in tokens representing the energy savings achieved thanks to efficiency improvement projects.
The Energy Efficiency market is a complex financial system. Thanks to EFFORCE this market will become easily accessible to everyone for the first time. The linking between the financing partners and those in need of investments to improve the energy
efficiency of their structures is made possible by Energy Service Companies (E.S.Co). Through Energy Performance Contracts (EPC), these structured companies are able to generate returns on initial investments: energy efficiency translates into savings in bills for the beneficiaries. The EFFORCE platform solves the three main problems of the energy efficiency market: the difficulty of putting contributors and Savers in contact, the size of the investments required and the type of financial return.
Through EFFORCE, energy saving financed by the contributor (Contributor) is tokenized and used or sold to energy-intensive consumers (Consumers), who can thus stop paying their bills, forever!
1.Contributors
Contributors can participate in energy efficiency projects by acquiring tokenized future savings.
2.Companies
Companies benefit from energy efficiency improvements at no cost and the resulting savings are written in real time on the blockchain.
3.Blockchain
A smart contract redistributes the resulting savings to token holders and the companies without intermediaries based on exact consumption/savings data.