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Crypto-Focused Grid+ Notes Bureaucratic Challenges Facing Its Retail Model, Updates On Testing

January 11,2019



DeCrytp has published a feature on start-up Texas retail electric provider Grid Plus (Grid+)

As previously reported by EnergyChoiceMatters.com (background here), Grid+ describes itself as, "a next generation retail electricity provider that brings you low prices through artificial intelligence and blockchain technology."

As reported earlier this month by EnergyChoiceMatters.com, the company is currently seeking beta testers in the Oncor and CenterPoint Energy Houston Electric regions, after having conducted an alpha program

As previously reported by EnergyChoiceMatters.com, while Grid+ envisions peer-to-peer electricity sales, it told the Texas PUC in April 2018 that it does not plan to enable customer-to-customer sales in Texas in the near future, and withdrew an earlier application for prepay authorization

In the DeCrytp feature, Grid+ leaders make note of bureaucratic challenges facing its model

The DeCrytp feature also reviews the alpha testing experience with Grid+'s crypto payment agent/device, and discusses the company's ambitions for its technology to move beyond retail energy to any service needing a payment

Of note, Grid+ aims for that, by Q3 this year, its device will allow for syncing with smart thermostats to facilitate dispatchable loads and, eventually, sync with smart meters

See the DeCrytp feature here

Tags:
Grid Plus   Grid+   Texas   Innovation  

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