How creating a trailblazing digital marketplace for renewable energy producers and local households with an opportunity to save up to 20% on their monthly energy bill allowed a German startup to be available for 41 million households across Germany.
Domain:
Energy
Expertise:
Blockchain
Duration:
~1 year
The objective of the project was to implement a blockchain infrastructure based trading platform for open and direct energy trading.
Lition approached instinctools with an idea of creating a platform for direct energy exchange within Lition Energy System. The goal of the project was to simplify the legal, operational and economic hurdles for green power producers while facilitating customers to buy truly green electricity at a reduced price.
An initial consulting phase ensured clarification of customer needs and purpose of the product. It helped to determine the main tasks for the *instinctools team:
The end solution met all the customer’s requirements and expectations. Around 10 JavaScript frameworks were implemented to build reliable and functionally rich web application.
Well-organized development process from goals and needs decision to solution architecture allowed to create the product with the following key features:
High performance and usability
Informative dashboard (with information about producers, types of energy, current rates, transactions and contract data)
Option to choose power plants and create several energy supply contracts with Lition
Based on Ethereum and proprietary blockchain
Access to energy market – the platform connects customers and producers to trade energy and receive financial benefits
Possibility to try a live demo and experience the trading platform interface
The platform is currently the key product of the Lition and commercially available for 41 million households in Germany. Customers from more than 30 cities save up to 20% on their monthly energy bill, and producers generate up to 30% more profit. The solution gives users a possibility to support ecological energy plants and help to save the environment.
“People at *instinctools are quite tech heads, which I like. They have used very advanced libraries, advanced techniques, advanced coding paradigms. So the advantage is that we get reusable code, that we get well-testable code, we get well-maintained code.”
– Richard Lohwasser, Co-founder and CEO of Lition
SCRUM
Frontend:
React
Axios
Async-validator
Babel-polyfill
Iban
Lodash
Pickmeup
Plotly.js
Prop-types
Redux
Swiper
Web3 and others
Backend:
Node.js
Async
Babel
Bcryptjs
Bluebird
Cookie-parser
Cors
Dotenv
Express
Handlebars
Joi
Knex
Moment
Mysql
Needle
Nodemailer
Package.json
Redis
Redlock
Soap
Sqs-consumer
Winston and others
Blockchain:
Solidity
Quorum
Web3
Truffle
Node-fetch
Enzyme
Readline-sync and others
Eslint
Jest
Prettier
Supertest
