MILC Metaverse and Ion Power Grid Association aim to combine the technologies to build a decentralised global energy infrastructure and energy exchange system.
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MILC Metaverse has partnered with Ion Power Grid (IPG) Association to launch a decentralised global energy infrastructure and energy exchange system.
According to MILC, the initiative will combine the best technologies and innovations in energy production and infrastructure to develop forward-thinking solutions in the digital sphere which can be replicated in the real world.
Metaverse, blockchain and AI
Hendrik Hey, CEO and founder of the MILC platform, has been appointed as one of the vice presidents of the IPG Association, driving the integration of blockchain, metaverse, and AI into his role. Together, they are pooling advanced technologies to advance the global energy transition.
The MILC Metaverse makes it possible to simulate, plan, and clearly explain technologies and processes before they are implemented in the real world. In the simulation, buildings will be transformed into virtual zero-energy houses and equipped with the latest technology. Virtual car stations will be established, where cars not only consume energy, but supply it.
The potential real-world infrastructure for this eventual reality will be planned inside the MILC Metaverse. It reports “a perfect, virtual smart city” will emerge, serving as a model for future cities. Later, simulations covering entire regions, countries, or continents will follow.
The Ion Power Grid will be a virtual power plant, connecting real energy producers from all over the world with customers of the network through the community token Ion-P. Even before the actual launch of the platform, according to IPG, the network already has a theoretical power capacity of thousands of gigawatts – and IPG claims new partners are joining every day.
“This virtual power plant will be usable for real electricity customers and can also be virtually experienced on the MILC platform,” said Armin Lorsbach, president of the IPG Association. “This promotes much-needed transparency.”
“By introducing a token that all these energy producers agree on, we create a medium that functions like a centralised organisation. You pay using a token, and it doesn’t matter if your electricity comes from your roof, someone else’s car, or a water plant in Norway”
The Ion-P token is intended to motivate electricity customers to actively participate in the new energy transition. Through rewards and incentives, an engaged, constructive community will be created. Received tokens can be exchanged for real electricity at any time. Members of the IPG Association will also have access to exclusive reward programmes.
“By introducing a token that all these energy producers agree on, we create a medium that functions like a centralised organisation. You pay using a token, and it doesn’t matter if your electricity comes from your roof, someone else’s car, or a water plant in Norway,” said Hey. “It simplifies everything, enabling the growth of a decentralised global energy infrastructure.”
IPG claims more than 1,000 energy producers have already joined the network, along with electricity marketers and infrastructure manufacturers to be announced later this year.