The company Glow has once again affirmed its status as a leader in solar energy by raising $30 million for large-scale expansion. What is their secret? It is not just an investment in a ‘green’ future, but a unique model of using blockchain technology to develop solar farms. Glow plans to increase its capacity from the current 5 megawatts to an impressive 600 megawatts in the USA and India within just 18 months.
Glow uses blockchain to create a transparent and efficient ecosystem where investors and participants receive fair rewards based on real energy performance metrics. GLW and USDC tokens become tools through which borderline viable projects are funded while encouraging the improvement of solar farm efficiency. This is a real step towards achieving carbon neutrality and long-term sustainable development.
“Glow is a climate project with the goal of replacing the entire power grid with clean energy. It is not just a project, it is a movement, and people around the world are working together to fight a battle that, perhaps for the first time in history, seems winnable. Glow is not a typical attempt to combat climate change that asks people to use less water or have fewer children, nor does it try to convince capitalist titans that they need to put the environment above profit. Instead, Glow is a project of abundance. Glow is winning the carbon war not through sacrifices or slowing down, but by creating such an abundance of clean energy that a complete shift to sustainable power becomes an easy step for society,” states the platform. More on the website.
