Renewables Vault
1. Applicant Information
Mina
Ibrahim
Founder
Renewables vault
149-dowmtown-Cairo/Egypt
Egypt
Teammates
Mina Ibrahim, Founder
Marian Essam, Co-founder
Amir Samir, Co-founder
2. Criteria - Applicants Responses
Which clean technology categories does your innovation cover?
Solar Power, Wind Energy, Bioenergy & Waste To Energy, Geothermal Power, Energy Storage, Green Hydrogen, AI, Blockchain & IoT
Please select the category you’re submitting your application for
New Idea, New Solution
Please select the phase of your innovation:
Qualification
3. Questionnaire - Applicants Responses
Proposal/ Submission Title
Renewables Vault
Problem Statement
The whole energy system is in disarray following Russia's invasion of Ukraine -
the biggest oil and natural gas exporter - plunging Europe into an energy crisis. As
a result, uncertainty over the flow of natural gas has caused a spike in prices,
leaving Europe searching for new sources of supply. Renewables Vault offers a
solution through its blockchain-based platform which allows investors to rent or
own shares in renewable energy stations. The platform also provides an
opportunity for those with high carbon emissions to invest in green production projects.
Which do you think are the innovative factors of your idea?
Renewables Vault is a revolutionary concept for digital trading of renewable
energy assets. We participated in the tokenizing energy competition with Siemens
in 2022 and were one of the top ten most promising projects. Our platform allows
investors (both large and small) to connect with developers and their projects,
utilizing blockchain technology combined with IOT.
Our business model involves renting out all or part of a station to investors,
providing a quick return on investment (up to 70% of the sold power during the
renting period), while preserving station ownership and operation/maintenance
responsibilities for the developer. Our platform provides an online database for
stations using blockchain technology. We are transforming renewable energy
markets into real estate one.
Which benefits would your idea bring to the industry?
We will enter the market trend for the climate change challenge we will increase the awareness of the renewable energy usages and how we can participate in the carbon market to have a good effect in it with gaining profits from the sustainable green investing,
-Quick Cashback.
-Expansion into new assets for the developers.
-Promoting a green culture.
-Fast Return on Investment.
-High Interest Rate Return for investors and developers.
-Utilizing Smart Contracts Agreements.
To which challenges does your idea provide a solution to?
-Climate Challenges.
-New energy sources.
-Contributing to the green economy.
-Providing inflation solutions.
-Counteracting economic recessions.
4. Supporting attachments and links
