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March 20, 2020, 6:59 a.m. EDT

The Most Exciting Green Startups To Watch In 2020

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Mar 20, 2020 (Baystreet.ca via COMTEX) -- The Airbnb of energy, the Uber of zero-carbon transportation, the VRBO of blockchain electricity-sharing... a collection of new startups are about to revolutionize the sharing economy - and smart money is starting to pay attention.

The sharing economy has become an unstoppable force--and the collaborative, peer-to-peer economy has grown from a curious fad into the trend-to-beat-all-trends over the past decade.

Popularized by ride-hailing apps like Uber and Lyft; home-rental companies like Airbnb and HomeAway; and crowdfunding apps like Kickstarter and Fundablem, this economy has transformed into one of the fastest-growing business trends in history.

McKinsey now estimates that 162 million people or 20-30% of the workforce in the U.S. and Europe alone are providers on sharing platforms.

The latest startups making huge waves and threatening to disrupt sharing as we know it include a Slovak outfit that is fashioning itself as the Airbnb of clean energy ...

A Canadian startup that meets the widespread demand for a green ride-sharing solution by giving consumers a choice of vehicle and by contributing to planting a tree for every ride ..

And an Australian peer-to-peer energy trading platform that is storming the renewable energy halls of Silicon Valley.

All three combine the best of IT with the biggest of trends: sharing and environmentally responsible investing.

Meet the three startups rewriting all the rules:

#1 Fuergy

Slovak startup Fuergy plans to turn household renewable energy-sharing into a reality.

One of the latest is a Slovakian startup that is now fashioning itself as the Airbnb of clean energy, with a mission to turn household renewable energy sharing into a reality.

Using the Fuergy platform, home users who generate surplus solar or wind power can sell it directly to other members in their community instead of the usual model of feeding it to the grid.

This way, the consumer bypasses high processing fees thus allowing them to earn more from their renewables. Meanwhile, the buyers are able to purchase the shared energy at cheaper rates than buying it from the main grid--a classic win-win for both the seller and the buyer.

Obviously, sharing something as unpredictable as solar and wind power can be a really tough call and nothing like sharing an Airbnb. After all, the system should be able to accurately predict power generation and user consumption at any given time of the day so as to only buy what's necessary or sell what is surplus to requirements.

This is where Fuergy's artificial intelligence (AI) platform comes into the equation.

Fuergy optimizes energy consumption by using its ability to connect with IoT (Internet of Things) devices, including a diverse range of home appliances including heat pumps and washing machines.

By connecting to the IoT, Fuergy is also able to schedule energy consumption to times when energy is cheaper, or even store it in the form of heat or cold. By using a weather forecasting system and consumer habits analysis, the system is able to, for example, adjust heating settings so that no energy is wasted for heating an empty house at the beginning of a sunny day. Based on these inputs and parameters, the AI system is also able to evaluate the amount of energy it can sell or purchase to ensure a trouble-free operation of the delivery point.

As Branislav Safarik, COO at Fuergy, has told Observer:

"Green energy is highly weather-dependent, and therefore, it is very hard to predict how much energy they will produce throughout the day. So, first of all, we need to get the renewables under control. This can be done with the help of batteries or other kinds of energy storage. We can store the green energy and use it when needed. This must be done at the level of energy supplier."

The open, distributed and dynamic energy model that Fuergy is building will probably be an easy sell because of one key attraction: significantly lower energy costs.

Fuergy's pilot project for businesses has already realized 50% lower energy costs.

#2 Facedrive

Canadian Facedrive is like Uber, only better--because it's green.

Facedrive is the next-generation ride-sharing company that gives the segment's key customer base exactly what they want: A green alternative in the fossil-fuel driven ride-sharing sector.

Facedrive is the first ride-sharing company that contributes to planting a tree while you ride, and lets you choose exactly what kind of ecological footprint you want to leave behind.

The next-gen ride-share company offers customers a choice for every ride, whether they want an EV, a hybrid, or a conventional car. And even if they choose conventional, they're still making a green choice because the CO2 is being offset for them.

While Uber was busy spending tons of capital on making ride-sharing a thing, Facedrive was predicting where things would go next, and laying the green groundwork.

"We're all about grabbing onto the biggest trends in tech before they're mega-trends. So that takes us back to 2016, when we first came up with the idea. Whenever a major new trend emerges, it's the job of the truly innovative to step back and say 'OK, this is an explosively great idea - so what's wrong with it?' When you figure that out, and you've got the right network and the right people behind you, you can jump in on one of the biggest trends and disrupt a massive market at exactly the right time," Facedrive CEO Sayan Navaratnam told Oilprice.com.

Already, Sayan is attracting huge names with Facedrive because it's been recognized as the #1 eco-friendly and socially responsible TaaS (Transportation as a Service) platform. In addition to celebrities, including Will Smith and Jada Pinkett Smith, WestBrook Global Inc. is also on board. The company has even partnered with a major telecom firm to offer drivers significant discounts.

Facedrive has already planted 3,500 trees, and its ride count has gone from 200 a day just 4 months ago to 1,000 rides per day right now--and counting.

The next big push comes in Q3-Q4 of this year, when Facedrive targets expansion into U.S. and European markets.

#3 Power Ledger

Power Ledger is based out of Australia and functions as a peer-to-peer energy-trading platform and the first ever carbon credit project of its kind.

Imagine, as a household, being able to monetize your renewable energy investment while simultaneously providing your community with cheaper energy via the blockchain--all thanks to an innovative peer-to-peer platform.

The bigger this gets, the more likely it will be to disrupt the energy sector by helping to make renewable energy more affordable and attractive.

It's been making waves around the world, and now it will be hitting up California in partnership with Silicon Valley Power and the Clean Energy Block Chain Network.

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