Internet of Energy Network (IOEN)

What is Internet of Energy Network

Internet of Energy Network (IOEN) is on a mission to create a secure digital infrastructure for clean, sustainable energy, powered by virtual microgrids. It is unique in its approach because it is building out this network device by device in an ‘agent-centric’ architecture built on Holochain. IOEN technology enables homes anywhere to operate as intelligent, cooperative electricity networks where devices such as washing machines, air conditioners, solar panels, and even electric cars adjust their behavior to suit local grid needs and the needs of individuals, based on economic incentives.

The IOEN protocol enables all the connected devices to act as an interconnected system of virtual microgrids that facilitate transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption. IOEN forms these virtual microgrids to respond to local energy supply and to drastically cut down energy waste, thus becoming the next generation of digital energy management and optimization. This is critical because our current electricity grids cannot cope with the influx of new clean energy technologies required to reach the ambitious goal of reaching net-zero global carbon emissions by 2030. The protocol is open-source and will be available for all to build on.