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Sourceful Energy Accelerates Forward: Charting Our Own Course

Dec 3, 2024

Sourceful Energy Accelerates Forward: Charting Our Own Course

Recently, the Helium community passed HIP-138 to sunset subnetwork tokens and return to a single token, echoing conversations about a renewed focus exclusively on wireless networks. Sourceful Energy is seizing this opportunity to accelerate our independent vision while maintaining strong collaboration with the Helium ecosystem. After months of collaborative discussion on the path to a Helium subnetwork, I’m confident that the right path for the Sourceful network and community is to proceed with an independent economic model where the full value of the market opportunity can accrue directly to the ENERGY token.

This evolution is a win-win. We'll forge ahead with our own token and governance rather than joining as a subDAO, but maintain close-ties to the Helium community, bringing additional value to hundreds of thousands of deployed Helium hotspots through dual mining capabilities. Our technology enables these devices to serve a dual purpose: supporting both wireless coverage and energy grid optimization.

With our independent token and governance structure, we can now move faster to build direct value accrual through real-world energy market participation. As the only DePIN project with Virtual Power Plant (VPP) capabilities and direct hardware control, our token economics will be tied to the rapidly growing energy services market. This focused approach aligns token value with actual energy market revenues, creating a sustainable economic model for our network participants.

The energy sector stands at a critical inflection point. Traditional grids are failing to handle the renewable energy revolution, creating an urgent need for innovation. The future of energy isn't just about production - it's about coordination. Our technology enables real-time control of Distributed Energy Resources (DERs), creating the critical coordination layer that the energy sector desperately needs.

For our community and users, the path forward is clear. We'll continue to support dual mining with Helium hotspots, with both tokens running seamlessly on Solana. This allows each ecosystem to focus on its core strengths while maintaining strong collaboration. The Helium Foundation remains an early investor in Sourceful Energy, and we're grateful to the Helium community whose input helped shape our initial vision.

Our mission is ambitious but clear: to build the world's largest decentralized energy network and revolutionize the global energy system. We're not just connecting devices; we're creating the foundation for a new energy paradigm that's more democratic, efficient, and responsive to the challenges of the 21st century.

Technology is the ultimate engine of progress. The future is bright, and we're just getting started.

Fredrik Ahlgren
CEO, Sourceful Energy