Greenshare, the creators of an energy management system and Green Energy Africa Summit Winner, prepares for growth.
Greenshare, a fintech clean-tech startup, emerged victorious at the Green Energy Africa Summit‘s Energy Investment Village. This pioneering company, led by Founder and CEO Desmond Williams, offers a decentralized energy management system. It empowers communities to produce, store, and share renewable energy efficiently. With a focus on long-term energy efficiency, Greenshare guarantees optimal system performance and significant cost savings, addressing the challenge of high initial costs in the alternative energy sector. “The problem is that alternative energy solutions are extremely costly, and millions don’t have R150,000 to R250,000 (approx. USD 8,000 – USD 13,000) to fork out. We are here to bridge that gap,” Williams says.
The Energy Investment Village
The Energy Investment Village is the Green Energy Africa Summit’s platform for African clean-tech startups and energy projects. It is a collaborative initiative supported by various organizations and businesses, including Saldanha Bay Innovation Campus, RIIS, Anza Capital, JSE, OceanHub Africa, and many more.
Empowering communities through decentralized energy management
Greenshare’s vision extends beyond their victory at the summit. They aim to introduce a comprehensive platform that encompasses: Real-time power control systems that enable energy management and peer-to-peer energy trading via a secure transaction system, offering customers the chance to earn credits through net metering.
A digital currency token platform integrated into the microgrid communication network and configured to generate digital tokens using blockchain technology. This decentralized, secure digital ledger validates, authenticates, and records transaction requests for electrical power units.
Finally, a mobile application that allows customers to monitor energy transactions securely, with real-time visualizations of energy usage, transactions, and real-time marketplace energy arbitrage.
Greenshare is seeking to secure further funding and take its solutions to more clients while continuing to evolve.
Nine other innovative startups rounded out the competition:
Therm: Pioneers in sustainable heating solutions, utilizing innovative technologies to support efficient energy consumption.
AET Africa: An energy-efficiency startup producing an innovative product called the Hotspot Geyser.
Ceneco Green Power: Experts in developing and operating environmentally friendly power plants in the farming sector.
Energy Cubes: Innovators in energy storage, offering scalable solutions for optimizing power through the reuse of existing mine shafts.
Powerstove: Clean cooking innovators, providing efficient and clean-burning stoves for households and communities.
RG Revive Earth: Leaders in waste-to-energy conversion, turning organic waste into renewable resources while mitigating environmental impact.
ThinkBikes: Innovators in sustainable urban transportation, designing and manufacturing electric bicycles for ecoconscious commuters.
FLX EV: An electric mobility startup, bringing the first electric minibus and charging solution to South Africa.
Impact-free Water: Experts in wave-energy conversion technology.
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