Grid+ 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.
TransactiveGrid is formed to demonstrate tokenization and trading of energy between participants with atomic functionality. Prototype is tested on a microgrid in Brooklyn.
Co-Tricity project is born to explore energy trading between residential and commercial customers. Prototype is developed with European partners.
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.
Q2 2017 - Q3 2017
Alex, Mark, and Karl branch off of Enterprise engagements to form Grid+. Software MVP is developed in parallel with hardware agent prototype. The Grid+ white paper is released.
GRID tokens are sold. See white paper for more information.
Q4 2017-Q3 2018
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)
Q4 2018 - Q3 2019
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).
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).
Cofounder Chief Techology Officer
Cofounder Chief Security Officer VP of Hardware Engineering