Unleashing DePIN Unleashing DePIN #057 | How ReNRG Is Revolutionizing Renewable Energy with DePIN
Apr 21, 2025
In this engaging discussion, Ruchir Punjabi, CEO of ReNRG and a pioneer in integrating crypto with renewable energy, outlines his journey from solar investments in India to developing innovative electricity protocols. He delves into the business model behind solar energy financing, highlighting how blockchain technology enhances efficiency and democratizes energy ownership. Ruchir also explores the challenges of expanding renewable energy in emerging markets and shares insights on future trends and strategies for a smarter energy grid.
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Ruchir Punjabi’s Solar Origin Story
- Ruchir Punjabi turned to the solar business after selling his last company to add real value to the world.
- His team raised $15 million in assets by investing in solar rooftop projects in India.
Solar Financing Model Explained
- Solar projects are financed like home loans through power purchase agreements.
- Customers pay a fixed rate over 10 years, avoiding upfront costs while investors earn a 15% return.
Web3 Revolutionizes Solar Ownership
- Integrating IoT hardware with blockchain can unlock vast efficiencies in electricity management.
- Tokenization allows global investors to own solar assets remotely and benefit from energy production.