the "timeless tradition"18 Dec 2018 13:07
A new business concept: The Energy Well
The term Energy Well is derived from the timeless tradition of villagers drawing from local water wells. VOG has taken this tradition and adapted it for the purposes of energy supply.
Seventy four percent of the Cameroon population has access to the National Grid and 86% of the population lives within 15km of the power network. However, household electrification stands at only 23%. There are approximately 8 million rural Cameroonians who have no access to grid electricity. This situation is replicated in many African nations where less than 10% of the rural population has access to reliable grid electricity.
The average rural household in Cameroon requires about 1kWh of energy per day.
VOG believes CNG is the bridge between renewable energy and traditional hydrocarbons and that its Energy Well system can provide a seamless, clean and reliable energy solution to regions that are currently poorly served.
CNG produced by GDC would be trucked to cell towers, or other locations where electricity is generated, to power the cell tower and create energy to store in large onsite batteries or for distribution to local mini or micro grids. Villagers can collect or have delivered smaller rechargeable batteries to use them in their homes as standalone energy banks or to augment solar or wind power if available, to meet their domestic power consumption needs. Consumers would pay upon receipt for battery rental or CNG bottles via mobile phone Apps.
Underpinning the Energy Well concept is VOG’s ability to monitor, manage and immediately monetise energy, be it in the form of compressed natural gas in transit or the electricity stored in batteries throughout the supply chain. GDC has teamed up with leading edge US company Blocksyte Inc on development of the Blockchain elements of Energy Wells. The Company is working with Blocksyte, Altaaqa and others to start limited field tests this year on the key components of the business.
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