TRACEABLE CARBON OFFSETTING IN REAL-TIME
OUR SOLUTION
01 /BLOCKCHAIN & IoT
Solstroem works at making carbon markets smarter, more trusted, and more automated. Solstroem is an end-to-end Blockchain-based system for automatically generating and transacting fully-traceable and tamper-proof micro carbon offsets (MCOs). These MCOs can be voluntarily purchased by corporations and individuals wishing to offset their CO2 footprint.
02 /AN INCLUSIVE CARBON MARKET
The Solstroem system makes carbon markets, and their subsidy effect, available to small and medium-sized decentralized solar installations in developing and emerging markets, primarily Sub-Saharan Africa. By having access to the global carbon market, these installations can sell their carbon mitigation and generate an additional revenue stream. This will allow for a faster deployment of solar installations, and a leapfrogging of centralized fossil fuel powered plants in these regions.
03 /REAL-TIME CARBON OFFSETTING
Solstroem aims at making carbon offsetting precise and verifiable, as well as easy and seamless for all involved parties. The Micro Carbon Offsets generated by the Solstroem system can be purchased on our platform in a few clicks, or can be fully integrated into existing IT systems. This will allow for real-time carbon offsetting through supply chain integrated plug-ins, for example automated CO2 offsetting of building emissions, product purchases or transportations habits.
Video courtesy of the Royal Danish Embassy in Singapore
MEET SOLSTROEM
OUR STORY
Solstroem is a technology company based on three years of PhD research at the Department of Computer Science, at the University of Copenhagen. Our solution is backed by research funded by Copenhagen FinTech’s Innovation Network, and conducted by researchers from Copenhagen Business School and the Technical University of Denmark. Our team has substantial industry experience in projecting, and implementing large-scale solar projects, has managed projects in emerging economies, and has knowledge at PhD-level of Blockchain and Distributed Ledger technology applications in energy and climate markets. We are advised by high ranking environmental experts and public affairs officials.
HOW IT WORKS
The Solstroem system cross-references data from production smart meters with hour-by-hour carbon intensity data for the specific production locations. These inputs create micro carbon offsets that are time stamped, geo-tagged and annotated with production and carbon intensity values expressed in gCO2e/kWh. The MCOs reside on a Blockchain system, and are automatically retired (taken out of circulation) when they are purchased, making it impossible for them to be double spent.
PARTNERING
On the production side, Solstroem partners with Microgrid operators, PAYGO systems, and leasing solutions providers. Solstroem accesses the smart meter data and the geo-location data of the particular installations from the monitoring systems used by these partners.
On the market side, Solstroem interfaces with industry players through plugins into existing enterprise systems. This could be systems for building automation, mobility, or payment services.
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GET IN TOUCH
THE TEAM:
Rachid Jabbar
Co-founder and Head of Solar IoT
Tel: +45 60 87 91 09
Karim Jabbar
Co-founder and Head of Blockchain development
Tel: +45 30 23 53 29
Carlos Toriello Herrerías
Regional Partner for the Americas
Tel: +502 4029 3781
THE ADVISORS:
Tao Bindslev, MBA
CEO at Sibicode & Nordic Crypto
Emmanuel Gentil, PhD
Climate Change and Waste Prevention Expert & Lecturer at DIS - Study Abroad
Kirsten Brosbøl
Obama Foundation Scholar Former Danish Minister of Environment
Kristjan Jespersen, PhD
Innovation for Impact Lab Director at Copenhagen Business School
Thomas Brændgaard Nielsen
Sales Executive & Business Development Siemens A/S
Uwa Okonkwo, MBA
Senior Manager, Enterprise CMS at HERE Technologies | Global Executive OneMBA
Rasmus Rode Mosbæk, PhD
Energy Storage Expert | CEO & Founder at Hybrid Greentech ApS