SolarCoins now easily available through SMA Sunny Portal

SolarCoin, the first energy-referenced currency, is a reward that can be claimed by all producers of solar energy globally. It uses blockchain technology and is given out for free by the SolarCoin Foundation to the producers of solar energy at the rate of 1 SLR (SolarCoin) for every MWh of verified production.

“At SMA, we constantly look for new opportunities and business models for our customers,” said Matthias Victor, Head of Innovation Center at SMA. “Over the last few months we have examined the benefits and possibilities posed by SolarCoin within this context. We are convinced that making this crypto currency easily available through Sunny Portal gives an added value to our customers, especially as the SolarCoin community is constantly evaluating additional use cases and business models that will evolve with the growing community.”

“The SolarCoin community is excited to have SMA’s Sunny Portal be the first global solar energy monitoring platform to integrate and roll out the SolarCoin reward program,” said Nick Gogerty, Co-Founder of SolarCoin. “SMA is showing great leadership in the move to digital energy and blockchain. Now over 260,000 global solar installation owners can click and receive free SolarCoins as a reward for the good solar energy they have produced. They can claim SolarCoins for energy produced since January 2010 for the next 35 years going forward.”

Just a few clicks to be in
Claiming SolarCoins is now very easy for Sunny Portal users. They only have to accept the terms of use by ticking a box in Sunny Portal and the whole application process runs automatically in the background. There is no need to submit all the documentation typically required for registration to provide evidence of the PV system’s ownership status, technical data, power generation capacity and identity. Right after registration, the SolarCoin tile will appear on the system overview in the Sunny Portal. A digital SolarCoin “wallet” is no longer necessary to submit a claim. The SolarCoin Foundation will manage the users’ SolarCoins until they decide to redeem them.

More information and instructions for registration can be found here.

Disclaimer:

This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.