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
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
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 â€¦
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:
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
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.
"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
The open, distributed and dynamic energy model that Fuergy is building will
probably be an easy sell because of one key attraction: significantly lower
Fuergy's pilot project for businesses has already realized 50% lower
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.
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
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
"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 (TSX:FD.V)
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.
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
That partnership will create a digital record of Low Carbon Fuel Standard
(LCFS) transactions. For anyone not familiar with carbon credits--it's a
complicated and cumbersome process that was just waiting for someone to come
along with a better way of tracking renewable energy use and offsets--and
hopefully, a better algorithm, which is exactly what Power Ledger offers.
Power Ledger tracks energy production, storage and use with full-on
transparency, and Silicon Valley is by no means its first carbon credit rodeo.
They've also been busy in Japan, in partnership with the Kansai Electric Power
Co. (KEPCO) for a renewable energy sharing project, and back in Australia,
they've been working on micro-grid projects, hitting up Southeast Asia and New
Zealand in between. They also just won a contract with an Italian energy giant that sets the
stage for what's to come next ...
So whether it's Uber--only better, or energy we can buy, sell and lease like an
Airbnb, or a novel AI-inspired way to make carbon credits actually makes sense
â€¦ These startups have one thing in common: They watched all the sharing giants
on their foundation-laying spending sprees, and then they focused on what was
missing. What comes next? These are the innovations driving the disruption.
Other tech companies poised to ride the ride-share boom:
Google's parent company Alphabet (NASDAQ:GOOGL) is a
shining star in the tech world. Despite being one of the largest companies on
the planet, in many ways it has lived up to its original "Don't Be
Though it has had its controversies in the realm of data collection and
advertising, Google has led a revolution in the tech world on multiple fronts.
First, and foremost, it has officially powered its data centers with 100%
renewable energy over the last two years. A massive feat considering
exactly how much data Google actually processes.
Not only is Google powering its data centers with renewable energy, it is also
on the cutting edge of innovation in the industry, investing in new technology
and green solutions to build a more sustainable tomorrow.
Plus, Uber's losses are linked to its IPO and its rapid expansion rate: once
the company solidifies its dominance of ride-sharing and makes inroads to
self-driving cars, Uber's profits are likely to prove sturdy.
Moreover, while $5 billion sounds like a lot, it pales in comparison with what
other big companies have suffered through-GM posted $48 billion loss in 2009, and it's held on
(NASDAQ:AAPL) has always thought outside of the box. And when
it brought back Steve Jobs in 1997, the company really took off.
Jobs also paved the way to a greener future for the company.
From the products themselves, to the packages they came in, and even the data centers
powering them, Steve Jobs went above and beyond to cut the environmental impact
of his company.
After his passing, Tim Cook took these principles to heart, and picked up the
torch, transforming all of Apple's operations into models of a sustainable
While they err on the side of pricey, coming in at $3,800 per unit, they do
boast a high top speed and can travel a modest distance on a single charge.
The kicker for many, however, is that they can fold into an easily carriable
pack, making them the perfect choice for a lot of commuters. Especially in big
cities like London or Berlin.
(NYSE:F) is taking a different approach. It's swooped right
into the scooter market, buying Spin for a clean $100 million.
Initially deployed in San Francisco back in 2017, Spin is widely considered to
be a part of the Big Three of the scooter world, along with Lime and Bird.
While Ford's buyout of Spin made headlines, it's certainly not the first
urban transportation alternative Ford's sunk its teeth into.
In recent years, Ford also bought commuter shuttle service Chariot, Autonomic
and TransLoc, aiming to ensure that it does not miss the boat as this new
(NYSE:NEE) is the world's leading producer of wind and solar
energy, so it's no surprise that it has received some love from the 'millennial
In 2018, the company was the number one capital investor in green energy
infrastructure, and fifth largest capital investor across all sectors. No other
company has been more active in reducing carbon emissions.
And they're just getting started.
Inc. (TSX:BCE) is a Canadian giant. Founded in 1980, the
company, formally The Bell Telephone Company of Canada is composed of three
primary subsidiaries. Bell Wireless, Bell Wireline and Bell Media, however
throughout its push into the position of one of Canada's top telco groups, it
has bought and sold a number of different firms.
BCE is also at the forefront of the Internet of Things movement in Canada,
something that is going to be vital in building a greener future. Its Machine
to Machine solutions are being used by numerous businesses throughout North
America and its new LTE-M network is sure to rapidly increase the adoption of
Descartes Systems Group Inc. (TSX:DSG) (commonly referred to as
Descartes) is a Canadian multinational technology company specializing in
logistics software, supply chain management software, and cloud-based services
for logistics businesses. The company is making waves in the tech industry with
its futuristic products and visionary leadership.
Recently, Descartes announced that it has successfully deployed its advanced
capacity matching solution, Descartes MacroPoint Capacity Matching. The
solution provides greater visibility and transparency within their network of
carriers and brokers. This move could solidify the company as a key player in
transportation logistics which is essential in the world of commerce.
Financial Corp (TSX:PWF) has been in the finance industry since
1984. The company operates in three segments: Lifeco, IGM and Pargesa Holding
SA (Pargesa). And, with its holdings in a diversified portfolio spanning the
United States and Europe, Power Financial is a leader in its field.
Focusing its investments in emerging industries, Power Financial stands to
benefit by riding this wave into the future. The company's forward-thinking
attitude and liberal approach to technology is sure to leave investors
Communications Group Inc. (TSX:RDL): Redline is not a giant,
but it does operate in more of a niche environmentâ€”in hard-to-access places,
providing wireless for critical industries, including oil and gas, and anywhere
from the rainforests of South America to the slopes of Alaska and the deserts
of the Middle East.
While the company has struggled in the past, we expect it to improve its
operations results. The company's main challenge remains to expand and attract
new customers for its new products.
Communications Inc (TSE:SJR.B): Shaw Communications, a giant in
the Canadian telecoms sector, saw a drop in its share price following its
disappointing forecasted earnings growth in 2017. In a sector that is set to
see growth, undervalued and experienced companies such as this can make for a
great hold play.
Shaw owns a ton of infrastructure throughout Canada and its cloud services and
open-source projects look to address some of the biggest issues that its customers
might face before the customers even face them.
With a market cap of $13.73 billion, Shaw Communications is going to be a big
player in the sector for quite some time to come, and as it nears its 52-week
low this could be a great time to pick up a telecoms giant.