'Swarm Electrification' in Bangladesh

The new technology “swarm electrification” invented by a Bangladeshi company ME SOLshare has won the United Nations Framework Convention on Climate Change (UNFCCC) Momentum for Change award in 2016

Ten households in Shakimali Matborkandi, in Bangladesh, have recently experienced a dramatic change in the way of lighting their homes and charging their mobile phones. These families had only one choice, to use kerosene for these purposes, the most popular fuel in tens of millions of homes in the developing world. But in September 2015, SOLshare introduced them to the so-called “swarm electrification” method. This is a pilot project, which enables the residents of Shakimali Matborkandi to trade electricity among each other, without contacting the local utility.

More than four million households are already equipped with solar panels in the country, but the pilot projects aims to go a step further. With the help of a tool, SOLbox and a mobile phone are connected to the largest mobile banking network (bKash); as a result, each household is able to buy solar electricity from their neighbors when they need it and in the case of surplus electricity, households can sell it. The transactions can be processed through the “buy” and “sell” functions of the SOLbox. This system is called peer-to-peer electricity trading.

Its introduction to Bangladesh could revolutionize the use of electricity, and introduce new power sources to communities, who, until now, have only known kerosene and batteries. Furthermore, this technologies helps countries that are endangered by armed conflict and natural disasters to have a reliable electricity provider. It is advantageous because it requires low cost investment and reduces environmental impact. SOLbox enables consumers to access bright, clean lighting and charge mobile devices at the same cost as kerosene.

The potential of swarm electricity extends beyond the borders of Bangladesh. More than 6 million solar home systems are in operation worldwide, and their cost was reduced by 80 percent since 2010, according to the International Renewable Energy Agency (IRENA). It is estimated that as long as the prices continue to drop, the number of solar home systems will continue to rise (source: SOLshare). 

ME SOLshare`s technology won the United Nations Framework Convention on Climate Change (UNFCCC) Momentum for Change award of the year in 2016.

You can read more about block chain-traded solar power here: http://motherboard.vice.com/read/the-plan-to-power-brooklyn-with-a-blockchain-based-microgrid-transactive-solar

More information on the SOLshare technology is available here: http://www.me-solshare.com/products/