About Us

One can argue whether it was James Watt, Thomas Edison, or Nikola Tesla who created the electricity grid that led to the development of our modern civilisation where energy, and electrical energy in particular, is central to most aspects of human endeavour.

The advent of the electricity grid provided us with cheap and abundant energy, but control of the industry rested in the hands of a few big companies and policymakers.

Despite the proliferation of localised energy devices like solar photovoltaic generators, controllable appliances, and emerging battery storage technologies; and people’s preference for consuming energy from renewable sources, the modern electricity supply industry operates the same as before: control of the production, transportation, and retailing of electricity remains in the hands of a few corporations and policymakers.

Localvolts believes that people are ready to take control of their energy needs – all they need is access to the markets and the tools to exercise their choice simply and transparently.

In many countries, a significant number of households already make and export their electricity into the grid for use by their neighbours. Now, Localvolts will let these individuals decide at what price they wish to sell their energy, and to whom.

Similarly, consumers will be able to choose their own energy supplier, be it a neighbour, a friend, or a preferred generator in the country.

 

big-picture

Interestingly, existing rules in twenty-four countries allow individuals to take control of their energy right now; it’s just that doing business in the electricity sector is very complex and very expensive, meaning one must be reasonably big to operate there.

Localvolts will meet all the regulatory conditions, handle all the complexity inherent with being in the electricity industry, and provide an on-line platform to the individuals to meet and trade electricity simply and transparently.

Localvolts plans to start operating in Australia first with other contestable electricity markets to follow.

We call this peer-to-peer electricity.

But we need your help.

We need to build a platform and obtain regulatory permissions before we can offer our services. This requires an investment of several millions of dollars; your contribution will get us started on building the peer-to-peer trading platform after which we will tackle the regulatory and operating challenges.

Support Localvolts

Founder

As one cannot store electricity, supply and demand must balance at all times on the grid. Existing market and system operators do this for bulk supply trades. Jitendra Tomar developed a solution to balance generation and consumption in real-time for millions of individuals traders. He also believes most individuals prefer to make their own decisions, and given the right tools and information, will do so in the field of electricity as well.

Supporters

New South Wales Government

Localvolts has been supported in part by the Department of Industry, Skills and Regional Development through the Innovate NSW program.

Individuals

Sigmund
Kartikeya
Imre
David
Paul
Anton
Conchita
Emma
Matthew
Mark
Paul
Geoff
Jeremy
Tom
Tristan
Sascha
Alexey
Leonardo
Liam
Tim
David
Michael
Neil
Marie-Line
Philipp
Cara
Wenzel
Matthew
Sandi
Cécile
Xavier
Matt
Nathan
Jon
Michael
ian
Max
Robyn
Michael
Nicolette
Alex
Mark
Robert
Venkatesan
peter
Ross
Felicia
Hope
Ivan
noel
Benjamin
Jeremy
gerard
Trent
Max
Michael
daniel
Deryck
Grant
Julien
steve
James
Alister
Arjun
Joe
Bill
Stuart
Tristan
Ieva
Don
Mike
Michael
Ashok
Robin
William
L
Frederic
Nicholas
Vidhu
Alak
Adam
Frank
Pallav
Ian
Aleks
Jerry
Martin
Huw
Tristan
Paul
Gerald
Mark
Max
Andy
Chris
Jason
Joseph
Mark
Ronny
Harri
John
Mark
Matt
Robert
Sonali
Jake
Reece
William
Oscar
Victor
Terrence
Tom
Michael
Virginia
Tim
ewen
Julian
Virginie
Charlotte
Rhys
Carla
Deanna
Michael
Jarmila
Gordon
Felix
Stephane
Sybella
robert
Andrew
Jonathan
Hemant
karin
Nidhi
Kumar
Petra
Fredrik
Russell
Chris