Beyond Bitcoin? We Explain How Blockchain Could Transform the Energy Sector! the $40 Million as Blockchain Fever Grows!!

The Energy Gang talks with a tech expert about how the revolutions underway in finance and energy are colliding.

The cryptocurrency Bitcoin is changing the way people think about operating financial markets and banking systems. Meanwhile, distributed energy is changing the way people think about running grids. Can the two influence one another?
Many experts believe that the blockchain -- the public database that tracks Bitcoin -- will be the catalyst for the distributed, transactive grid.
EPA Administrator Scott Pruitt has been all over the airwaves defending the decision to withdraw from Paris, and journalists have been all over the administration for its loose relationship with the facts.
In this episode of The Energy Gang, we’ll look at how Paris decision has played out in the press.
Stephen Lacey is the Editor-in-Chief of Greentech Media. He manages a team of writers focused on solar, storage, efficiency, mobility, and grid modernization. He is producer/host of The Energy Gang and Interchange podcasts, two leading interview and analysis shows on the business of energy and cleantech.
This week, we'll talk with Paul Brody of Ernst & Young about how the blockchain can be applied to energy and the internet of things. We'll describe how blockchains work, why they're useful, and when they'll start influencing the energy business.
In the second half of the show, we'll discuss concerns about rolling blackouts and too much renewable energy in California. We'll end the show by talking about a controversial proposal to give away millions of free solar kits in Kenya.
Make sure to come to our live show in New York City on May 4. We'll be joined by Yuliya Chernova of the Wall Street Journal and Chris Martin of Bloomberg for a discussion of the hottest topics in energy and cleantech. Our last show sold out, so make sure to get your tickets today.
The startup is using blockchain to cut out the middleman in electricity sales.

Grid+, one of a growing number of energy-related blockchain ventures, has raised $40 million in presales before even going public,
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The startup, owned by New York blockchain development house ConsenSys, had to shut down the presale of its GRID tokens due to “overwhelming interest,” Grid+ said in a tweet. “Any new interest will officially be moved to a waitlist.”
Each GRID token gives the owner the right to purchase 500 kilowatt-hours of electricity at wholesale prices. The actual purchase of electricity will be via cryptocurrencies including Ethereum, BOLT and possibly Bitcoin in the future.
Grid+ had earmarked 45 million GRID tokens for the presale, which was available to participants contributing at least $50,000 and completing an anti-money-laundering screening process.
Presale participants were given a discount on the value of GRID tokens, ranging from $0.90 a token for people putting in $50,000 to $0.75 per token for customers investing $3 million or more. In the public initial coin offering (ICO) due Oct. 30, each GRID token will cost $1.15.
In total, Grid+ hopes to make $75 million on the sale of 90 million GRID tokens, out of a total of 300 million minted by the company.
Another feature of the system is real-time payment. “Traditional electricity retailers have customers buy electricity on a credit basis,” said Kreder. “Grid+ is using blockchain to allow real-time payments of electricity.”
People with rooftop solar panels, meanwhile, will be able to choose when it makes most financial sense to sell their electricity back to the market via Grid+. Having access to market pricing could provide an incentive for solar panel owners to invest in storage, Miller said.
“A battery can be turned into a revenue stream if it purchased power when it was cheap and sold that power back when it was expensive,” he noted.
Miller acknowledged that you don’t need a blockchain to set up a virtual utility along these lines. The point of using a blockchain, which in Grid+’s case is Ethereum, is to allow future peer-to-peer energy trading between prosumers.
“Ethereum becomes useful for the future state of the electrical grid where there are more distributed energy resources and dynamic distribution charges which will create more localized pricing,” wrote Miller.

We will try to do more some gimmicks, to generate more funding and gather the participation of some volunteers here. We will also be conducting future orientations for interesting individuals who wanted to join the Steemit platform.
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