This year, the global pandemic hit households and businesses left, right and center with unthinkable difficulties: from closed borders that disrupted entire supply chains, to lockdowns that paused business operations. Despite this, SunContract has proven its grit, working against all odds to meet its customers’ needs with the strong support of our partners and governing entities.

In 2020 SUNCONTRACT achieved more goals than they plan to. Let we mention some of the, 

• An approved Estonia license application
• Event-driven architecture (EDA) development that will make the SunContract platform scalable to 1M+ users
• Tripled energy producer contracts signed for 2021
• In response to COVID-19, SunContract offered customers reduced electricity prices
  • While the government issued a 3 month decree to eliminate network charge costs, SunContract contributed to these lower costs by introducing a 6 month special electricity offer to residential customers and small businesses which were adversly affected by the change in economic climate.
• They revamped their invoicing system
  • After analyzing customer suggestions and keeping in mind to provide the best customer experience, they rolled out a much more clear and transparent invoice this year.

Best performing energy token in last days/months.

Disclosure of the Project’s Financial Position:

SunContract & Partners Approved for €4.659M Horizon 2020 EU Grant

The proposed approach and the underlying enablers will be deployed and validated in 4 demo sites across 4 EU countries where around 1000 mostly residential consumers will be engaged along with a variety of different community configurations. SunContract’s involvement will primarily be in the Slovenian pilot project. (More on the project will be shared in the upcoming year.)

They tripled the energy producer capacity contracts signed for 2021 compared to 2020

As we approach the end of 2020, 2021 is already shaping up to be a good year. They have tripled the energy capacity contracts signed on SunContract in 2021 from 2020. It is estimated to be at about 30 GWh of renewable energy production (solar, hydro and CHP) and the expected consumption is expected to follow the ascension trend. The expected turnover on energy marketplace in Slovenia alone is anticipated to be at about 4 to 5 million EUR.

AI and ML based event driven architecture on cloud infrastructure for SunContract to be ready for 1M+ user scalability

this year, dev team increasingly adopted cloud computing to gain technical and business advantages. The strategic use of computing resources and effective coordination between application components are critical architecture design goals of the team which is working on upgrading the SunContract platform to be scalable to 1+ million users.

There were issued a license that will enable:

them to operate as an exchange — fiat to crypto and crypto to fiat and
to provide e-wallet services for virtual currencies i.e providing custodial services of the required credentials to access the virtual currencies.

Start supporting green energy, local communities and disrupting technologies. Register on the SunContract platform, chat with the team and community members on Telegram where we are always active. Our great supporters are also following us on Twitter, Reddit, Facebook, LinkedIn and Instagram.

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