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Exploiting green energy potential via FinTech: The role of DLT-based crowdfunding in PV and ESS investments

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  • Halden, Ugur
  • Cali, Umit

Abstract

This article explores the interplay of green energy potential and innovative financial technology (FinTech). To achieve this, an in-depth study on the technological, economic, and environmental aspects of residential-scale solar energy and storage investments was performed. As the first part of the study, residential-scale solar energy and associated energy storage investments were modeled in the assessed countries. As the next step, the effects of Distributed Ledger Technology (DLT) enabled crowdfunding on the modeled investments were highlighted with a Proof-of-Concept (PoC) DLT-enabled investment tool. As the last step, the Life Cycle Assessments (LCAs) of the investments were carried out for each of the assessed countries in order to provide better investment decisions to various investors. The results of this research indicate that with the integration of novel Fintech tools, the Levelized Cost of Storage (LCOS) values of the assessed investments may be reduced by up to 58%. Meanwhile, the LCA results highlighted that solar silicon production and battery cell manufacturing have the highest LCA results, accounting for 19.1 and 63.8 kgCO2eq/kWh respectively. Meanwhile, the transportation sector had an emission of 9 kgCO2eq/kWh. Thus, with cleaner manufacturing and transportation, the emissions from PV and ESS investments may be reduced drastically.

Suggested Citation

  • Halden, Ugur & Cali, Umit, 2024. "Exploiting green energy potential via FinTech: The role of DLT-based crowdfunding in PV and ESS investments," Renewable Energy, Elsevier, vol. 228(C).
    • Handle: RePEc:eee:renene:v:228:y:2024:i:c:s0960148124005937
    DOI: 10.1016/j.renene.2024.120528
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    1. Shah, Waheed Ullah & Younis, Ijaz & Missaoui, Ibtissem & Liu, Xiyu, 2025. "Environmental transitions effect of renewable energy and fintech markets on Europe's real estate stock market," Renewable Energy, Elsevier, vol. 243(C).
    2. Żywiołek, Justyna & Wolniak, Radosław & Zhao, Xin & Abedin, Mohammad Zoynul, 2026. "Public perceptions of crowdfunding as a tool for financing renewable energy in Europe," Energy Policy, Elsevier, vol. 209(PA).

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