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Grid +

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Grid + - Energy & Power showcase

Year Founded & Workforce

2015

17 Employees

Industry

Energy & Power

Services

Energy RetailerDistributed Storage and Open MarketsEnergy TradingSecondary Uses
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Grid + Overview

Company Headquarter: Texas, U.S.

Founded: 2015

Workforce: 17

Company Working: Grid + was established by ConsenSys, a global leader in blockchain technology through its continuous research in implementing blockchain technology for the energy industry. The company is currently focusing on bringing next-generation energy efficiencies to the energy market by developing new hardware and software solutions including blockchain. Grid+ was formed with the objective of revolutionizing the way the energy market operates by functioning as a commercial electricity retailer in deregulated market. Ethereum platform is used to enable customers pay and settle payments real-time, which significantly reduces costs. Furthermore, Grid+ Ethereum based blockchain platform can instantly introduce efficiency in energy retailing and this enables renewable energy production more sustainably and efficiently. Ethereum based blockchain enables Grid+ to enable automated billing and transaction processes with payments being recorded and moved through smart contracts

Company Snapshot

17

Employees

2015

Founded

Key Developments

DateApproachDevelopment
–Partnership & CollaborationTokyo Electric Power Company and Grid+, a U.S. based blockchain start-up was in talks to make the existing energy systems in Japan more efficient. The project mainly focusses on reducing the reliance on Coal, Nuclear Power and Oil by integrating new power generation technologies such as residential solar.

Product Offering

  • Grid +
    • Energy Retailer
    • Distributed Storage and Open Markets
    • Energy Trading
    • Secondary Uses

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