peaq, the pioneering blockchain for real-world purposes, is teaming up with penomo to create a community of tokenized batteries. penomo, a platform specializing in monetizing sustainable vitality companies, particularly these reusing or recycling electrical car (EV) batteries, will remodel these batteries right into a decentralized bodily infrastructure community (DePIN). This community will reward Web3 traders by producing earnings by means of avenues like carbon credit score gross sales.
—
Lithium-ion batteries are important for inexperienced vitality storage and EVs however come at an environmental value on account of lithium extraction. Sustainable vitality and battery recycling firms wrestle to safe income and liquidity, hampering the transition to eco-friendly vitality.
penomo gives a streamlined resolution for eco-conscious vitality companies. By tokenizing their batteries, these companies can entry world capital and liquidity by sharing future revenues with the Web3 investor group. They’ll additionally capitalize on carbon credit score gross sales and carbon credit score futures, creating three potential income streams.
penomo leverages peaq’s core features, together with multi-chain IDs and peaq pay, for fractional possession inside its DePIN.
With peaq’s help, penomo’s app tokenizes batteries, distributes investor rewards, and facilitates on-chain carbon credit score gross sales.
penomo, incubated by EoT Labs, already boasts 4 letters of intent with vitality storage and recycling firms, together with Evyon. Discussions for paid proof-of-concept and co-development are underway with main multinational enterprises, supported by endorsements from ten distinguished firms, together with automakers and vitality companies.
Jasvir Dhillon, penomo’s co-founder, can be main a Fraunhofer HHI venture utilizing AI to boost EV battery sustainability. “It’s encouraging to see a lot market pull for penomo’s resolution,” says Jasvir. “A number of decision-makers from related firms are reaching out to us themselves, despite the fact that we’re but to spend a dime on advertising.”
“We’re thrilled to be constructing an answer that embraces the regenerative finance concepts by merging sustainability with enterprise innovation. As a layer-1 constructed for DePINs, peaq is the right dwelling for a venture like this, bringing helpful pre-built features and tailored economics to the desk,” added Jasvir.
Until Wendler, co-founder of peaq, acknowledges penomo’s function in addressing sustainability challenges throughout the vitality storage sector. He emphasizes the chance for the Web3 group to spend money on sustainability and for companies to undertake peaq’s blockchain.
—
About penomo
penomo is a monetization platform for sustainable vitality storage and EV battery recycling firms. It permits companies to tokenize their batteries, add them to a decentralized bodily infrastructure community, and supply tokens to the worldwide Web3 group. Buyers obtain a share of battery-generated revenues. penomo additionally allows the sale of battery information, carbon credit, and carbon credit score futures on a borderless Web3 market.
About peaq
peaq is a blockchain designed for real-world purposes, empowering the creation of decentralized purposes (dApps) and Decentralized Bodily Infrastructure Networks (DePINs). It collaborates with business consortia, comparable to Gaia-x moveID, to form the way forward for sensible mobility, vitality, connectivity, and different important real-world industries. peaq goals to democratize abundance within the age of AI-driven automation by enabling possession, governance, and earnings from the gadgets and infrastructure used.