Finding Genius Podcast

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

03 Oct 2017

Audio

Description

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.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes

🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Other recent transcribed episodes

Transcribed and ready to explore now

3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

13:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

13:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

Comments

There are no comments yet.

Please log in to write the first comment.

Report any issue

Finding Genius Podcast

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

This episode hasn't been transcribed yet

Other recent transcribed episodes

3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE

13:00H | 21 DIC 2025 | Fin de Semana

12:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

13:00H | 20 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

Sign in to Audioscrape

Share this moment