Ideaz

1. Introduction

India is rapidly expanding its renewable energy footprint, with ambitious targets for solar adoption. Millions of households and businesses are now installing rooftop panels. Yet, while production grows, utilization remains inefficient: surplus solar power often goes unused or is fed back into the grid with minimal returns.

This creates a mismatch-abundant solar energy on one side, unmet demand on the other side.

2. The Problem

Current solutions like net metering are limited:

• Surplus producers get little to no monetary value for their extra energy.

• Non-solar consumers can’t directly buy green energy from their neighbors.

• DISCOMs (distribution companies) lack simple tools for micro-level peer-to-peer energy exchange.

As a result, India wastes thousands of megawatts of potential solar energy each year, while many citizens are still stuck with costly, carbon-heavy electricity.

3. The Solution: LumoGrid

LumoGrid is a Solar Energy Bank that lets communities store, trade, and share solar energy like money.

Key Components:

🔆 Virtual Energy Wallet (App + Web):

• Producers deposit surplus solar energy as credits.

• Consumers withdraw credits by purchasing green energy.

🔆 Peer-to-Peer Energy Marketplace:

• Direct buying and selling of solar credits between households, businesses, and communities.

• Smart contracts ensure transparent and traceable transactions.

🔆 Grid Integration:

• Uses smart meters and DISCOM partnerships to track deposits/withdrawals.

• Bills automatically adjusted.

4. Business Model

• Transaction Fees (B2C): Small commission per unit traded.

• Community Subscriptions (B2B): Housing societies, schools, offices pay monthly fee to use LumoGrid.

• DISCOM Partnerships: Revenue-sharing agreements with utilities for microgrid management.

• Carbon Credits: Sell verified green offsets to businesses, creating an additional income stream.

5. Who Benefits?

• Solar Owners: Monetize surplus energy instead of wasting it.

• Non-Solar Consumers: Access affordable, clean energy without installing panels.

• Communities: Achieve local energy independence and resilience.

• DISCOMs: Reduce load pressure, integrate renewables smoothly.

6. Market Impact

• India already has 120+ GW of solar capacity, with rooftop solar expected to quadruple by 2030.

• Even if just 5% of surplus producers participate, LumoGrid could manage gigawatt-scale clean trading.

• Affordable entry for local communities would mean rapid adoption without heavy infrastructure costs.

6. Why this matters?

This project matters to me because I’m passionate about fighting climate change and making clean energy accessible to everyone. India has immense solar potential that often goes unused.

LumoGrid lets us share that energy, turning rooftops into micro power plants and giving citizens a direct role in creating a greener and fairer energy future.