The result of a project that began in 2017, ourEnergy makes it possible for consumers, prosumers and other energy producers to trade directly with one another. For participants, the experience is elegantly simple: buyers set out their preferences for the type of energy they wish to buy and are automatically matched to sellers. In practice, there is very little difference to the experience of buying power from an intermediary.
Behind the scenes, the Tymlez solution automates the exchange and tracks energy consumption via smart meters. Smart contracts are produced when supplier and consumers are matched. Stored on the blockchain, this transparent system provides a guarantee that payment has been made and that the power source is genuinely matched to the consumer’s choice – ie: solar-generated power has been supplied from a solar source.