Alex Miller and Karl Kreder, Co-Founders of Grid Plus–More Efficient Energy Markets Through the Ethereum Blockchain

Finding Genius Podcast

Richard Jacobs

Health, Extracellularvesicles, Crisprcas9, 3dbioprinting, Medicine, Cancer, Health & Fitness, Biotech, Bioscience, Microbiome, Ketogenicdiets

4.4 • 1K Ratings

🗓️ 3 October 2017

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Current energy markets are highly inefficient. Particularly in Texas, where Grid Plus was founded, the biggest inefficiencies are through the retailers, or utility companies. These retailers are not responsible for creating energy nor for maintaining the grid, and yet have nearly a 100% markup on the energy purchased through them.
Grid Plus plans to change that, by using the Ethereum blockchain to allow consumers to pay for electricity in real-time. This means that paying consumers wont have to subsidize the bills of individuals who don't pay, much of the administrative costs of traditional retailers can be eliminated, and energy sold to consumers for a lower cost–saving the average consumer an estimated 35-40%. Pre-paying with fiat or credit cards allows digital tokens to be sent to the consumer agent, who will facilitate the paying of energy in real-time.
This system also will allow people to purchase solar panels and put energy back into the grid. Ultimately, they hope to incentivize peer-to-peer transactions, and the creation of local grids.
For more information, visit www.gridplus.io.

Transcript

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0:44.0	Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs.
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0:57.4	Almost here means these technologies are now here and starting to be used, or just around the corner, from Bitcoin to artificial intelligence,
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1:10.4	Hello, this is Richard Jacobs with Future Tech Podcast. I have two guests
1:14.8	Alex Miller and Carl Kreatter co-founder of Grid Plus. How you guys doing?
1:20.0	Doing pretty well, thanks for having us.
1:22.0	Yeah, thanks for having us. Yeah, no problem. No problem. I know Carl's traveling in Europe and you guys are out and about, you know, promoting and working on things. Tell listeners the basics. What's Grid Plus about about I guess I'll take that one so grid
1:36.8	plus is basically bringing blockchain to electricity markets to try to make them more efficient, to lower costs, and to help create sort of the transactional infrastructure needed to efficiently bring on more renewable energy and
1:58.1	distributed energy resources to the grid in the future.
2:01.1	Yeah, I remember, well now it's probably like 12 years ago with Enron in the U.S. they were
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