ebitts: virtual self-generation of renewable energy with no installation required
Self-generation is becoming one of the most significant trends in the energy transition. According to the Renewables 2024 report by the International Energy Agency (IEA), distributed renewable energy applications will account for almost 40 per cent of global solar expansion by 2030, driven by the growth of self-generation policies.
However, installing one’s own system is not always possible: those living in rented accommodation, in blocks of flats or in buildings with structural constraints often face technical, financial or administrative obstacles. According to data from Eurostat, 48 per cent of the EU population lives in flats, a situation that often makes it impossible or very difficult to install a private solar system. To meet these needs, ebitts has been launched – the Enel Group’s innovative digital platform that enables anyone to self-generate their own renewable energy without the need for installation, by purchasing digital shares in real renewable solar and wind power plants via a blockchain-based platform.
What is ebitts and how does virtual self-generation work?
ebitts is a solution devised by the Enel Group that transforms users into virtual prosumers (consumers who generate energy), enabling households to purchase a Token Box: a bundle of digital shares in solar and wind power plants located across Italia. Currently, the photovoltaic parks at Piani della Marina (Viterbo) and Barile Venosa (Potenza) are involved.
Those who purchase a Token Box do not become owners of the plants, but gain the right to benefit from the energy generated by those digital shares of the plant. The sale and custody of the tokens are managed by Conio, an Italian fintech company partly owned by Poste Italiane and Banca Generali, with over 450,000 retail customers, appointed by Enel as an authorised Crypto Asset Service Provider (CASP).
Why ebitts uses blockchain to certify energy
Blockchain is a distributed digital ledger technology: data is recorded in linked blocks and shared across multiple nodes, making it essentially impossible to alter it unilaterally. In this case, it certifies the traceability and ownership of the energy attributed to each digital portion. Every hour, the generation attributable to the Token Box is offset against consumption: the benefit is reflected directly on the bill. If generation exceeds consumption for the period, the customer receives a credit linked to the market value of the energy, which is also credited directly to their bill.
Furthermore, the blockchain guarantees transparency and system reliability: participants can independently verify the generation data associated with their digital share, without having to rely solely on communications from the supplier.
How to customise the Token Box: capacity, duration and beneficiaries
You can choose the capacity, technology mix and duration of your Token Box: the duration options currently available are 10, 15 or 20 years, enabling long-term energy planning. Standard packages are available, tailored to the size and average energy consumption of the household: Small for 1–2 people, Medium for 3–4, and Large for larger families; or a customised configuration where the capacity in kW, the mix of wind and solar energy, and the duration can be freely chosen. Payment is made upon completion of the order.
It is possible to link up to three beneficiary properties, including those of relatives up to the second degree, a spouse or cohabiting partner, provided they are, or become, Enel Energia electricity customers on a compatible tariff. Each beneficiary receives the benefits on their own bill: if the energy generated by the systems exceeds that virtually consumed by the customer, the surplus is not lost but is utilised and credited directly to the customer’s bill. The benefits can be linked to multiple accounts and, in the event of a move, transferred to another POD.
Who is ebitts aimed at
ebitts is primarily designed for those whoare unable to install a renewable energy system in their own home: tenants, residents of blocks of flats, and property owners with architectural constraints. However, it may also appeal to those who prefer an alternative to owning their own system: with no installation costs, no direct maintenance and no dependence on the condition of the roof or the building.
How to purchase the ebitts token box
The ebitts token box can be purchased via the website, where you can configure your Token Box and complete the purchase. To enjoy the benefits, you must have a compatible Enel electricity tariff: those who are not yet Enel customers can still place an order and will be contacted regarding the switch of supplier. Once activated, the system operates automatically, whilst production and consumption can be monitored in real time via the ebitts app.
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Marketing communication. ebitts utility tokens (“Tokens”) are crypto-assets issued by Enel X S.r.l. and offered to the public by Conio S.r.l. in accordance with Article 4(1) of Regulation (EU) 2023/1114. This communication does not constitute legal, tax or financial advice, a public offer of crypto-assets, a personalised recommendation or an invitation to buy or sell crypto-assets, nor does it constitute an offer of a service relating to crypto-assets. Please read the white paper, including the risks and further details about the product, before purchasing. You may contact the offeror by email at: support@conio.com. This marketing communication relating to crypto-assets has not been reviewed or approved by any competent authority in any Member State of the European Union. The issuer of the crypto-asset is solely responsible for the content of this marketing communication relating to crypto-assets.
