Srcful

The Helium Foundation is exploring new possibilities with the introduction of 'subnetworks' that extend beyond wireless capabilities. A Swedish project, Srcful, has proposed to become a Helium subnetwork, introducing its own ENERGY token. Helium currently allows individuals to operate nodes in its IoT network, earning Solana-based IOT tokens convertible to HNT tokens. By investing in a Helium hotspot, participants can contribute to the network and hope for token rewards exceeding their energy costs. Srcful aims to utilize Helium hotspots for a virtual power plant concept, aggregating smaller-scale renewable energy sources to support the energy grid. Households can offer power from solar panels or batteries, receiving ENERGY tokens in return, while hotspot operators are rewarded for managing these energy sources. Srcful plans to sell the energy from the virtual power plant to energy companies or grid operators, aiming to generate revenue. However, concerns have been raised about the complexity of Srcful's business model and the need for contracts with energy-needy operations. Helium Foundation CEO Abhay Kumar anticipates more proposals like Srcful's to come, as Helium looks to expand its ecosystem.