Lumo & Electricchain

La Rochelle – Lumo (www.lumo-france.com), a French crowdfunding platform that allows people to invest in renewable energy projects continues to innovate and contribute even more towards the implementation of the sharing economy: Lumo integrates the ElectriCChain project, following the MIT and NASA.
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A DIGITAL ASSET AS A REWARD FOR PRODUCING SOLAR POWER
ElectriCChain is an Open Science project based on blockchain technology. Originally intended to verify and publish near real-time production data of some 7 million solar plants, it is designed to help advance knowledge and enable Climate Change analysis for scientists and researchers.

SolarCoin was developed with blockchain technology to generate an additional reward for solar electricity producers. The solar installation owners registered to the SolarCoin network receive a SolarCoin for each MWh of solar electricity that they produce.

This Digital Asset will allow solar electricity producers to receive an additional reward for their contribution to the energy transition, which will develop itself through network effect.

LUMO IS A SOLARCOIN PIONEER IN FRANCE AND EUROPE
Lumo joins SolarCoin in France and Europe so that by the end of 2016 Lumo users will receive directly on their Lumo account this new form of reward to thank them for the social impact of their investment.

By acting as pioneers with this new reward, Lumo users contribute to its growth and thus, towards the valuation of this Digital Asset, as it gains recognition from businesses in the “Impact Investing” community.

“With SolarCoin, Lumo will be able to measure the double bottom line of its products: being profitable investments and helping tackle climate change” explains Alex Raguet, Lumo’s CEO.