PHAETON ENERGY — AN INTEGRATED RENEWABLE ENERGY ECOSYSTEM.
Phaeton has initiated a new business silo, Phaeton Energy, in partnership with Raw Energy. The silo is focused on the investment and development in solar and hydrogen power and, to some degree, wind power. In line with our ESG ethos, Phaeton Energy treats these renewable energy sources as a horizontal silo by integrating them with other Phaeton Blockchain silos such as datacentres and smarter communities. This end-to-end strategy aims to drive more value based on a sustainable business model.
PHAETON’S INTEGRATED ENERGY MODEL
Phaeton Energy is not a typical standalone renewable energy source such as an isolated solar farm or a hydrogen plant. Instead, Phaeton’s approach maximises a project’s value by integrating other Phaeton business elements into an energy project. The integrated model includes the following features.
Community Solar Farms
Phaeton has recently signed an M & A with Raw Energy, a solar farm specialist group. The directors of Raw Energy will manage the roll-out of several solar farms in Australia and later internationally. This concept is ideally suited to Phaeton’s Blockchain in creating a decentralised network of Data centres powered by renewable energy. The solar farm roll-out strategy proposed by Raw Energy is the deployment of:
- Decentralised Community Grid Solar Farms producing 1MW of power on 1HA of land.
- The demand for electricity in regional or peri-urban locations is exceptionally high.
- The approval process is faster than larger 5MW plus Solar Farms.
Phaeton Pty Ltd is working with NanoMem, a solutions-based group that have created and manufacture meta membrane products. Nanomem has a partnership with Monash University and Murdoch University in commercialising the next generation of metamembrane technology. Once this technology is advanced, the aim is to support the roll-out of the solar farms by:
- Hydrogen systems as a backup support
- Water analysis and water provision for agrivoltaics
Phaeton is working with NanoMem Solutions Australia that will be manufacturing vanadium redox batteries.. These batteries will be incorporated with the solar farms to store the surplus electrical power for later use. The advantages of vanadium batteries include.
- It can offer almost unlimited energy capacity simply by using larger electrolyte storage tanks.
- It can be left completely discharged for long periods with no ill effects.
Australian Carbon Xchange (ACX) has appointed Phaeton Technology to create and develop a Marketplace for Carbon Credits. ACX is natively built on one of the Phaeton Sidechains to serve the Carbon Credit industry. The development of solar farms and their adjacent land offer opportunities for creating Carbon Credits. ACX offers:
- A Carbon Credit exchange where Carbon Credits can be traded
- Manages Blockchain-based digital format Carbon Credit units.
- Generates regular reports for improvement.
- Updates and creates correctness of the given data.
Depending on the size of the property, its location and soil conditions, evaluate whether agrivoltaics can be incorporated. Agrivoltaics is defined as co-developing the same land area with solar energy with agriculture. This new farming method combines Solar electricity generation with traditional farming on common agricultural land. As a result, the Agrivoltaics system gives better productivity than conventional farming. For example, researchers report that Agrivoltaics systems can increase land productivity by 60 per cent.
Phaeton Network is a Sidechain of Phaeton focusing on delivering Modular Datacentres powered by renewable energy. It will be utilising the power from the solar farm. The datacentres have been designed for regional and urban environments. They interrogate data networks, securely up-load, and download network information, be it for data storage or crypto mining. These datacentres include.
- Energy efficiency with 100% redundancy package.
- Exceptionally low carbon footprint.
- Lower Energy coefficient against current designs.
- Simple transport solution.
- Biometrics + Network security.
- Secure Satellite communications.
Smarter Housing Community
Where there is an energy source, there is the potential to create a Smart Housing Community. Should surplus land or neighbouring land close to the solar farm, Phaeton will master-plan, design, and develop these communities with Smarter Homes under its real estate division.
Smart Commercial Centre
Phaeton’s real estate division would consider developing small commercial centres with battery charging stations or hydrogen gas supply. These developments will be considered where the solar farm or a neighbouring site is on a major arterial route with a primary electrical power grid. There is growing uptake of electric vehicles, and we will soon see hydrogen-powered ones in the very new future. These smaller commercial centres will also be complemented by a convenience or grocery store, food and beverage outlets and other speciality stores. Depending on demand, some short-term accommodation could also be incorporated.