meyshella: SIMMITRI

About Simmitri ?

SIM is the energy economy built for the future. Born within an elite solar company now known as Simmitri (simmitri.com), with the mission to restore a “balance of power” and continue building on their strong community relationships as we move forward into the 21 st century. SIM is the economic bridge that will fast track such relationship, providing a self-sufficient and decentralized network powered by artificial intelligence (AI), communicated through Internet of Things (IoT) and audited by blockchain technology. SIM is the cryptocurrency token generated from within our “SimBox”, built to balance power between the consumer, prosumer, innovators and utilities. Each device acts as a node in our network - which we call the Energy of Things - whereas SIM provides the currency that will compensate users based on enhancing building performance. The energy conservation efforts inside the building generates negative kilowatt hours “Negawatts” that convert to an automatic output of SIM tokens that can be used for your economic benefit. You can program the SimBox to alert for manual control, or the built-in AI software can automatically address your energy conservation needs while you focus on the finer things in life. Either way, SIM provides the consumer and prosumer with the incentive to reduce individual energy consumption, distribute to those who are in need and lighten the footprint we all stamp on Mother Nature.

FEATURES

Creating a platform that rewards participants for saving and generating electrical energy.And giving participants the opportunity
"to make money while you sleep."

“Energy-saving technologies keep improving faster than they’re applied, so efficiency is an ever larger and cheaper resource.” - Emory Lovins

When we introduce Simmitri, we are actually introducing a new energy network paradigm. As of now, the energy market is in transition from a centralized network to a decentralized and even partially a distributed network. We would like to take an even more progressive approach which could be considered as a self-sufficient network.

A CENTRALIZED
NETWORK

A DECENTRALIZED
NETWORK

A DISTRIBUTED
NETWORK

A SELF- SUFFICIENT
NETWORK

When the Simmitri team tackled the idea of how to make a self-sufficient network, we were inspired by Mother Nature. All living beings are self-sufficient life forms, living within an interdependent system. It is this balance between interdependence and self-sufficiency that allows the natural world to thrive in its diversity. Simmitri is integrating this principle of balance into its network by creating a hybridized version of the distributed network which is both self-sufficient and capable of participating in the decentralized network, thereby possessing the strengths of both.

Distributed Energy Resources (DER)

Distributed energy resources (DERs) are electricity-producing resources or controllable loads that are directly connected to a local distribution system or connected to a host facility within the local distribution system. During high energy demand times and when the grid is stressed, the 19 utility company sends the Simmitri Cloud a request for its aggregate of customers to cut consumption as a demand response initiative

Simmitri provides the tools for current utility and government energy savings to programs to be more efficient and effective by significantly affecting the timing imbalance between peak demand and renewable energy production, also referred to as the “duck curve”. 2

By acting as the gateway between the utility providers and the home's devices, users receive requests from utility providers to cut consumption and will automatically conserve energy based on unneeded usage at that time. The memory is then logged into Simi’s database on where, how and when the nodes in the network became more energy efficient. This will begin programming 'scenes' which learns through human behavior and is triggered by utility network demands

Home Energy Management Systems (HEMS)

The home energy management systems (HEMS) market innovators have developed a fairly large amount of utility-facing products as well as customer-facing systems. However, there are some issues that are repeating themselves in what has happened in the traditional grid over the decades considered to be patchwork on top of patchwork. Creating HEMS solutions for a smart grid just appears to be digital patchwork now. There are over 600 companies with multiple HEMS products flooding to help conserve energy, improve building performance and to do various tracking and management services, all offering their unique hardware/software solution of creating or managing energy efficiency. Furthermore, all putting their own spin on the data 21 collected

In they research, they found that the only true way for customer/utility/innovator synergy and to efficiently distribute energy throughout the entire building from one standard (no matter what brand(s) the user chooses) was to update the electrical load panel and usher it into the 21st century. In this effort, Simmitri essentially began to create its own HEMS (or BEMS) product, calling it the “SimBox”. This smart box is what was needed in order to allow consumers to still enjoy the HEMS services they prefer, meanwhile using the 3rd party data to integrate via an application programming interface (API) to analyze and prepare for more smart home energy scenes

As the user’s data collected per device is used to establish parameters on the blockchain to execute smart contracts, the smart contract issues SIM tokens based on how many Negawatts were produced

HEMS Data Flow
Through Blockchain Device Relationships

Simmitri Cloud Exchange

When Simmitri discovered how the technology could not only communicate with utility needs, customer needs and HEMS services, we also learned that the advanced data collected could be incredibly useful to solve a multitude of other ancillary services. We learned that we could use
this data to daisy chain a few services together to include; public incentives, carbon offsets and renewable energy certificates (RECs), all of which can be traded.

Simmitri is now in a position to facilitate an economy in which conservation, generation and demands interact efficiently. The growing energy market trend is in a peer-to-peer, decentralized model whereas consumers can participate in a trade economy to satisfy their energy needs. As we identify projects who create exchanges for consumers to buy and sell RECs and carbon offsets, the advantage of Simmitri would be in the solution of a more automated trustless system which the blockchain solves

SIM Earnings, Nagawatts and Usage

SIM is an ERC20 compliant token that serves as the utility of the blockchain. Using the Ethereum blockchain, SIM leverages the commonly used public ledger to have no central point of failure and to create security through cryptography. The SIM token is a base currency in the exchange and allowed to provide the electric load reductions as a ‘bid’ in a wholesale energy market.

The tokenized reward system pays users a ratio of SIM to Negawatts in order to reward consumers for becoming energy efficient as well as additional tokens for Prosumers who generate power. In having a platform for users to trade their SIM tokens for other options such as; USD, Renewable Energy Certificates (RECs), carbon credits, other energy tokens and various Home Energy Management Systems (HEMS) products and services, we create an economy with a culture that balances profits with common goals.

Negawatt power is a theoretical unit of power representing an amount of electrical power (measured in watts) saved. The energy saved is a direct result of energy conservation or increased energy efficiency. A Negawatt market can be thought of as a secondary market, in which electricity is allocated from one consumer to another consumer within the energy market. In this market, Negawatts could be treated as a commodity. Commodities have the ability to be traded, which would allow Negawatts to be incorporated in the international trading system. Roughly 10% of all U.S. electrical generating capacity is in place to meet the last 1% of demand and there is where the immediate efficiency opportunity exists

SIM tokens can be issued based on Negawatt earnings and used as a currency
for various options ;

Bill payment to utility provider for power usage
Upgrades from HEMS products and services
Trading SIMs for RECs, carbon credits and other energy products
Zero-fee transactions on cloud exchange

Simmitri Hardware

Simmitri leverages three primary hardware solutions in this economy

the “SimBox”, runs an ongoing energy audit of every circuit and possible distribution point sending a signal through the circuit wires and reads a unique electrical signature of each circuit, similar to a fingerprint
The smart socket “SimSocket” then sends feedback to the SimBox. This is to establish a grid to be monitored and subject to advanced automation
The Simmitri Power Station, or “SimStation” is an added microgrid power station that allows you to produce electrons and send it back to the grid

These products will learn and automate the most efficient and effective ways to produce Negawatts by managing electrical consumption in real time, which is beneficial for demand reduction and grid stabilization

Artificial Intelligence | Simi

The smart box powered by our artificial intelligence Simi makes the SimBox a synchrophaser 26 on steroids. The AI measures the flow of electricity through the building’s grid in real time, allowing users to actively manage and avoid disruptions and detect inefficiencies. The sensors across the network would communicate with the grid and modify electricity use during peak times, thereby relaxing the workload of the grid and lowering prices for our consumers.

ROADMAP

Simmitri has been operating for over 23 years and has served over 4000 clients in the areas of power generation and energy efficiency. Throughout 2018, we will be executing the following milestones to continue pioneering the energy sector.