RenewGrid Token (RGT) is a blockchain-based digital asset designed for renewable energy settlement and trading. The project aims to accelerate the global energy transition through distributed energy trading, green electricity incentives, and on-chain energy asset tokenization.
The network utilizes a Proof-of-Stake (PoS) consensus mechanism, supports smart contracts and energy settlement protocols, and integrates an NFT module for renewable energy project ownership verification and power generation data certification.
The architecture is inspired by Ethereum but is optimized for energy use cases such as solar power generation, energy storage systems, and microgrid trading. The whitepaper highlights low-carbon network operations and cross-chain energy asset interoperability.
The Challenge in Renewable Energy Markets
Renewable energy adoption is limited by fragmented energy markets, inefficient settlement systems, and lack of transparent asset ownership for distributed energy resources.
The RenewGrid Solution
RenewGrid introduces a blockchain-based energy settlement layer that enables peer-to-peer energy trading, transparent green electricity incentives, and automated settlement through smart contracts.