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As 2018 is set to close the curtains in the world of Business, technology and innovations, certain companies and firms have been really outstanding in their contributions to the human development.
Fast Company has shortlisted companies that has really shown their prowess and unique ideas when it comes to innovations based on the different sectors of life.
We look at the 5 companies that has really made the top list in 2018 in the energy sector starting from the bottom.
5. WePower – For democratizing renewable energy through blockchain technology.
WePower is democratizing solar and wind investing by organizing initial coin offerings via blockchain. These tokens offer individuals the right to consume energy from decentralized power sources, like solar farms. The aim is to save money compared to what consumers normally pay utilities for purchasing power and to get more clean energy into circulation.
WePower is one of the first companies to bring a blockchain energy network to commercial fruition.
4. Drift Marketplace – For using blockchain to connect Indie producers to customers
Using machine learning, high-frequency trading, and blockchain technology, this startup utility brings its first customers electricity that can be 20% cheaper than it was on their old power bills–with the option to get it from renewable sources. The system cuts out traditional middlemen in the system that aggregate energy assets and write contracts with utilities; instead, it works directly with electricity producers.
3. Sonnen- For creating modern energy grids for communities
In Germany and Australia, homeowners with a battery from Sonnen–which stores energy from rooftop solar panels–no longer have to use a traditional electric utility. When the battery stores more energy than a home needs, it’s fed into a virtual energy pool with every other home with the same type of battery, and the community shares energy between homes.
2. BYD – For introducing the first electric Trucks
The biggest electric vehicle manufacturer in the world isn’t Tesla, but the Chinese company BYD (or “Build Your Dreams”).
The company began as a battery manufacturer–and that expertise led it to electric cars and trucks, which depend on battery cost and performance. When the company’s hometown of Shenzhen decided to switch to an all-electric bus fleet, it turned to BYD for the majority of the buses, and the company is also facilitating a switch to electric taxis.
- Green Mountain Power – For helping customers go off the grid
If you want to go fully off the grid in Vermont, the local utility–Green Mountain Power–will help. In a first-of-its kind service, the utility offers an energy-efficiency audit, suggests solar and battery technology, and then charges a flat monthly fee. Those who want solar and battery storage but want to stay connected to the grid can also work with the utility, which offers products like the Tesla Powerwall 2 in monthly billing rather than an upfront fee.