This New Service Allows Users to Share Solar Power with One Another
Katherine Pendrill — July 16, 2015 — Social Good
References: yeloha & fastcoexist
'Yeloha' is a solar power sharing platform that lets you purchase renewable energy from your neighbors. While the price of solar power has fallen in recent years, it is still largely inaccessible for a number of people. Yeloha helps make renewable energy a more viable option by developing a solar power sharing economy.
Yeloha is an online platform that will match users with those who have solar energy capabilities. For example, if your neighbor has solar panels on their roof, you can purchase some of their energy output. As CEO Amit Rosner explains, "we're creating a separate network on top of the old utility infrastructure that allows us to share the value of the electricity." The idea is similar to 'Airbnb,' except individuals are buying and selling energy instead of rental properties.
While there are other examples of peer-to-peer energy trading platforms, Yeloha has created unique incentives for users to join the service, such as free solar panels.
Yeloha is an online platform that will match users with those who have solar energy capabilities. For example, if your neighbor has solar panels on their roof, you can purchase some of their energy output. As CEO Amit Rosner explains, "we're creating a separate network on top of the old utility infrastructure that allows us to share the value of the electricity." The idea is similar to 'Airbnb,' except individuals are buying and selling energy instead of rental properties.
While there are other examples of peer-to-peer energy trading platforms, Yeloha has created unique incentives for users to join the service, such as free solar panels.
Trend Themes
1. Solar Power Sharing - The trend of solar power sharing platforms creates an opportunity for disruption in the renewable energy industry by developing a solar power sharing economy.
2. Peer-to-peer Energy Trading - The trend of peer-to-peer energy trading platforms provides an opportunity for disruption in the traditional utility industry by creating a separate network on top of the old utility infrastructure that allows people to share the value of electricity.
3. Renewable Energy Access - The trend of making renewable energy accessible to households through power sharing platforms creates an opportunity for disruption in the energy market by offering a more affordable, eco-friendly energy option.
Industry Implications
1. Renewable Energy - The renewable energy industry can benefit from solar power sharing platforms by creating more efficient and cost-effective access to renewable energy sources.
2. Utility - The traditional utility industry can benefit from peer-to-peer energy trading platforms by incorporating these new energy networks and providing more diversified energy options to consumers.
3. Energy Market - The energy market can benefit from the trend of making renewable energy accessible through power sharing platforms by creating more competition and lowering prices for consumers seeking a more eco-friendly energy option.
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