Lition Energy Sample Clauses

Lition Energy. Lition (cf. xxx.xxxxxxx.xx) is a P2P energy trading platform that connects, as an example for Model G1 and similar to enyway’s product Power, clean energy producers and suppliers directly with end users on the blockchain. Lition launched an energy exchange xXxx in April 2018, and serve a customer base spanning over 100 cities in Germany. Once a user finds the energy they want to buy, they make a payment in Euros to Lition. The blockchain technology takes over, simplifying the process of buying energy directly from green producers of any scale by employing transparent smart contracts that allow consumers to circumvent the complexity of traditional utility companies. The customer then automatically gets their energy. According to their own information, Lition is saving customers an average of 20 percent on their utility bills, and power plants are seeing increased revenues of up to 30 percent (cf. xxxxx://xxx.xxxxxxxxxxxxxx.xxx/blockchain-energy-use-case-lition/). These numbers should probably be taken with caution. Customers get to choose their green energy from wind, solar and biomass, and their preferred provider. The energy is delivered automatically once processed and billed in Euros. As a licensed electricity supplier, the business model is simple: Lition earns money by selling electricity and offering customers fair prices through process efficiencies. Through the direct connection to the consumers, renewable energy providers can be strengthened and they can achieve higher margins than in the traditional market context. Consumers, on the other hand, have the option of choosing their own regional electricity provider. Producers make sales offers and customers can choose from these offers and, for example, choose the nearest regional supplier. Lition will handle the entire process. It takes care of market partner communication, billing and management of supplier switching, and the call center. Lition provides the Blockchain technology and enables transactions directly between customers and producers via smart contracts. Lition is currently still running on the open source Ethereum blockchain, but is currently developing its own blockchain software together with SAP.
Sample 1
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Related to Lition Energy

  • The Company (ON BEHALF OF ITSELF AND, TO THE FULLEST EXTENT PERMITTED BY LAW, ON BEHALF OF ITS EQUITY HOLDERS AND CREDITORS) HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED UPON, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, THE REGISTRATION STATEMENT AND THE PROSPECTUS.

  • Company The term “

  • Energy 1. Cooperation shall take place within the principles of the market economy and the European Energy Charter, against a background of the progressive integration of the energy markets in Europe.

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

  • Electric Storage Resources Developer interconnecting an electric storage resource shall establish an operating range in Appendix C of its LGIA that specifies a minimum state of charge and a maximum state of charge between which the electric storage resource will be required to provide primary frequency response consistent with the conditions set forth in Articles 9.5.5, 9.5.5.1, 9.5.5.2, and 9.5.5.3 of this Agreement. Appendix C shall specify whether the operating range is static or dynamic, and shall consider (1) the expected magnitude of frequency deviations in the interconnection; (2) the expected duration that system frequency will remain outside of the deadband parameter in the interconnection; (3) the expected incidence of frequency deviations outside of the deadband parameter in the interconnection; (4) the physical capabilities of the electric storage resource; (5) operational limitations of the electric storage resources due to manufacturer specification; and (6) any other relevant factors agreed to by the NYISO, Connecting Transmission Owner, and Developer. If the operating range is dynamic, then Appendix C must establish how frequently the operating range will be reevaluated and the factors that may be considered during its reevaluation. Developer’s electric storage resource is required to provide timely and sustained primary frequency response consistent with Article 9.5.5.2 of this Agreement when it is online and dispatched to inject electricity to the New York State Transmission System and/or receive electricity from the New York State Transmission System. This excludes circumstances when the electric storage resource is not dispatched to inject electricity to the New York State Transmission System and/or dispatched to receive electricity from the New York State Transmission System. If Developer’s electric storage resource is charging at the time of a frequency deviation outside of its deadband parameter, it is to increase (for over-frequency deviations) or decrease (for under-frequency deviations) the rate at which it is charging in accordance with its droop parameter. Developer’s electric storage resource is not required to change from charging to discharging, or vice versa, unless the response necessitated by the droop and deadband settings requires it to do so and it is technically capable of making such a transition.

  • OVATIONS FOOD SERVICES, L.P. dba SPECTRA All food and beverage service must be discussed with and approved by Spectra, the OCFEC Master Concessionaire. FORM F-31 AGREEMENT NO. R-026-18 DATE May 16, 2018 REVIEWED APPROVED RENTAL AGREEMENT FAIRTIME INTERIM XX THIS AGREEMENT by and between the 32nd District Agricultural Association dba OC Fair & Event Center, hereinafter called the Association, and B & L Productions, Inc. hereinafter, called the Rentor

  • Pacific Gas and Electric Company “PG&E”), San Diego Gas & Electric Company (“SDG&E”), and Southern California Edison Company (“Edison”) (each a Participating TO) are entering into this agreement transferring Operational Control of their transmission facilities in reliance upon California Public Utilities Code Sections 367, 368, 375, 376, and 379 enacted as part of AB 1890 which contain assurances and schedules with respect to recovery of transition costs.

  • Mobile Wireless Services Any mobile wireless Telecommunications Service, including any commercial mobile radio service.

  • SBC SWBT shall provide a toll free facsimile number to CLEC for the submission of requests for Resale Services and Network Elements under this Agreement; CLEC shall provide SBC-SWBT with a toll free facsimile number for notices from SBC-SWBT relating to requests for Resale Services and Network Elements under this Agreement.

  • Mobility 7.1 There may also be a business need to travel and work on a temporary basis at any premises which the Corporation currently has or may subsequently acquire or at any premises at which it may from time to time provide services. This would be subject to discussion and agreement giving due regard to the following considerations: - The location and arrangements for travel and subsistence; - The length of the working day with increased travel time; - The hours of work; - The timescale and duration of the proposed arrangements; - The employee’s personal and family circumstances.

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