Grid+ is a retail electricity provider that enables our customers to purchase electricity at close to wholesale prices. By opening up the historically monopolized (electricity) economic market, Grid+ encourages users to purchase solar power panels and energy storage batteries, promoting the transformation of power generation from traditional single upstream power generation to distributed power generation. Grid+ operates using a two-token model. As the stable currency of the Grid+ platform, BOLT is backed by the U.S. dollar. GRID coins are used to purchase electricity on the Grid+ platform.

Project Highlights

Promoting Clean Energy
Creates economic incentives to purchase and use distributed generation (solar panels) and distributed energy storage (batteries) through direct use of market prices for electricity.
Improving Energy Efficiency
Encouraging the large-scale adoption of Distributed Energy Resources (DERs), enabling more efficient use of energy grid infrastructure.
Reduce the cost of electricity consumption
By reducing the low-value intermediaries in the electricity supply chain and removing unnecessary administrative and financial expenses, the electricity consumption cost of users can be reduced.

How Grid+ works

Grid+ operates as a commercial electricity retail location in select US non-regulated markets. Grid+ intelligent proxy device automatically pays electricity bills in real time. All bills are paid with BOLT tokens on payment channels. Each BOLT token is equivalent to $1.00 and is 100% backed by USD collateral. All payments will go into the fee safe Karabraxos smart contract.

Smart Agent

Intelligent Response to Demand
Intelligent agents control your smart devices, such as NEST, automatic thermostats, Tesla chargers, etc., to achieve intelligent load management and generate revenue at the same time .
Predict electricity consumption efficiently
Safely and privately share your itinerary information with the smart agent, and it will help you purchase electricity at the most cost-effective way to meet your daily needs.
Smart use of energy
Your intelligent agent will intelligently use your energy storage, such as a Tesla power wall, to buy energy when it is cheap or free, or use your energy directly savings, or sell when prices rise.
Stable Tokens
Grid+ will issue BOLT tokens, which users can use to pay for energy without being disturbed by fluctuations in the value of cryptocurrencies. BOLT token value will be equivalent to 1 USD. BOLT tokens will be fully backed by USD.
Safe storage of encrypted currency
The hardware intelligent agent will be online in real time, with the most advanced secure enclaving technology, multi-signature system, secure hardware space, and independent key storage, forming a user-friendly The trusted system for securely storing large amounts of cryptocurrency.
Large-Scale Payment Channels
Transactions on Grid+ take place in payment channels between users and Grid+. The fees for users to send money on the Grid+ network will be lower than on-chain remittances.
Casper Proof of Stake Signature
After implementing the Casper consensus protocol, the Grid+ intelligent assistant will sign blocks in a computing environment with high availability, reliability, and key local hard disk management< br> Privilege API
Grid+ smart assistant can become a financial gateway for all IoT devices to use cryptocurrency. Send and receive payments in a simple and secure way through the RESTful API interface.

Team information

There is a fairly large ConsenSys community working on energy projects, but some of us are working on Grid+.
Alex Miller is a software engineer with a background in applied physics. He discovered Ethereum in 2015 while working for a fintech startup (paying ~$2 between users and traditional payment infrastructure). He left a world without an innovation role, and now leads technology development for ConsenSys energy projects.
Karl Kreder is a recent graduate of the University of Texas at Austin, where he received his Ph.D.: Advanced Battery Technology Based on Materials Science Research. Prior to his Ph.D., Karl worked at the Southwest Research Institute. There he started the Energy Storage System Evaluation and Safety Alliance, testing, characterizing and researching high-capacity lithium-ion batteries for 10 kWh energy storage.
Mark D'Agostino is a partner in the ConsenSys corporate group. He provides Ethereum-based solutions to Fortune 500s and governments around the world. Mark helps drive Grid+'s strategy and business development.

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