SolarCoin, the first energy-referenced currency, is a reward that can be claimed by all producers of solar energy globally. It uses blockchain technology and is given out for free by the SolarCoin Foundation to the producers of solar energy at the rate of 1 SLR (SolarCoin) for every MWh of verified production.
“At SMA, we constantly look for new opportunities and business models for our customers,” said Matthias Victor, Head of Innovation Center at SMA. “Over the last few months we have examined the benefits and possibilities posed by SolarCoin within this context. We are convinced that making this crypto currency easily available through Sunny Portal gives an added value to our customers, especially as the SolarCoin community is constantly evaluating additional use cases and business models that will evolve with the growing community.”
“The SolarCoin community is excited to have SMA's Sunny Portal be the first global solar energy monitoring platform to integrate and roll out the SolarCoin reward program,” said Nick Gogerty, Co-Founder of SolarCoin. “SMA is showing great leadership in the move to digital energy and blockchain. Now over 260,000 global solar installation owners can click and receive free SolarCoin as a reward for the good solar energy they have produced. They can claim SolarCoin for energy produced since January 2010 for the next 35 years going forward.”
Just a few clicks to be in
More information and instructions for registration can be found here.
The SMA Group with sales of around €900 million in 2017 is a global leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management and digital energy solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 19 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 1,200 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed in the SDAX index.
SMA Solar Technology AG
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Tel. +49 561 9522-1124
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.