Drives Green Energy
Creates economic incentives through market-based energy pricing, encouraging the adoption of distributed generation (solar panels) and distributed energy storage (batteries).
Encourages the adoption of distributed energy resources (DERs), allowing more efficient utilization of existing grid infrastructure.
Dis-intermediates low value-add parties from the electricity supply chain, removing administrative and financial overhead thereby decreases prices for consumers.
Meet Your Agent
Respond to Demand
The intelligent agent can help balance the load on the grid by controlling smart devices, such as a NEST thermostat or a Tesla charger and generate revenue.
Efficiently Predict Usage
Privately share information about your schedule with your agent so that it can purchase electricity in the most cost effective markets to meet your future demand.
Your agent can leverage energy storage, such as the Tesla Powerwall, to purchase energy when it is cheap or free, and either use it or resell it when prices peak.
Stable Fiat Token
Grid+ will issue BOLT to customers which can be used to pay for energy without the price volatility of other cryptocurrencies. The price of BOLT will equal 1 USD. BOLT will be fully backed by US dollars and government bonds.
Safely Store Cryptocurrency
Hardware agent allows Grid+ customers to store their cryptocurrency using an always online device which utilizes state-of-the-art hardware-based secure enclaving. Multi-signature wallets will enable consumers to use their crypto while safely storing larger amounts at home.
Large Liquid State Channels
Transactions with Grid+ will take place within state-channels between the users and Grid+. Customers will be able to send money to other users on the Grid+ network at cost substantially lower than on-chain transactions.
Sign Casper POS
Once proof of stake is implemented, the Grid+ agent will be able to sign blocks which are computed in a high availability, high reliability computing environment while maintaining keys locally in a secure enclave.
Grid+ agent will be able to act as a permissioned gateway for IoT devices to natively interact with crypto currency via a secure RESTful interface.
Grid+ is the culmination of two years of energy work at ConsenSys. The Grid+ vision is paved in several epochs, shown below.
Tokenizing Energy TransactiveGrid is formed to demonstrate tokenization and trading of energy between participants with atomic functionality. Prototype is tested on a microgrid in Brooklyn. LEARN MORE >>
Energy Trading Co-Tricity project is born to explore energy trading between residential and commercial customers. Prototype is developed with European partners. LEARN MORE >>
Client Engagements ConsenSys engages with multiple Fortune 50 energy companies. Several engagements are still ongoing. A small network of Ethereum-aware smart-batteries is deployed in Europe, successfully trading energy with one another. LEARN MORE >>
Q2 2017-Q3 2017
Grid+ Inception Alex, Mark, and Karl branch off of Enterprise engagements to form Grid+. Software MVP is developed in parallel with hardware agent prototype. The Grid+ whitepaper is released. LEARN MORE >>
Grid+ Token Sale GRID tokens are sold. See whitepaper for more information. LEARN MORE >>
Q4 2017-Q3 2018
Edison Epoch • First utility is established in targeted region (Q4 2017)
• Agent production begins (Q1 2018)
• Agents are shipped to first customers and service begins (Q2 2018)
• Software reaches v1.0 (Q3 2018)
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Q4 2018-Q3 2019
Tesla Epoch • Raiden hub opened and payment channels migrated (Q4 2018)
• Hardware agents contain secure enclaves and production process scales (Q1 2019)
• Agent opened to external data feeds, allowing crude AI (Q1 2019)
• 1-3 new utilities established and many more customers onboarded (Q2 2019 - Q3 2019)
• Software reaches v2.0 (Q1 2019)
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Musk Epoch • Hardware production fully scalable (Q4 2019 - Q2 2020)
• Many more utilities established, including international expansion (Q4 2019 - Beyond)
• AI optimized to facilitate much more intelligent energy decisions (Q1 2020 - Beyond)
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Founder / ConsenSys
Cofounder / Ethereum
CTO & Cofounder
Founder and CEO
J-Seed Ventures, Inc