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Local, decentralized power generation is the new paradigm
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CENTRAL POWER GENERATION
For over 100 years utilites have operated pretty much the same way, with a large power plant sending energy to lots of people like you CENTRAL POWER GENERATION
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80% 2008 2008 SOLAR & BATTERY COSTS DOWN 2017 2019
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85% SOLAR & BATTERY COSTS DOWN 2008 2008 2017 2019
According to Lazard, the cost for solar and batteries have dropped 85% since It means more people can afford them and it is now less expensive to get energy locally than to transport it many miles from a large power plant. 85% 2017 2019
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That means central is OUT
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Local power is IN Local is in.
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15–50% Local is in. of CONSUMPTION
Bloomberg New Energy Finance predicts 15% decentralized and another 15% to serve themselves in india, 30% of the retail market does not have a suitable system for transactions that help balance the grid (double check that last bit). globally this is a 1T market Local is in. 15–50% of CONSUMPTION
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Local, decentralized power generation is the new paradigm
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As the costs drop for distributed energy resources,
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With people like you now generating energy, and buying electric cares, Managing the grid becomes more and more complex. Cost Complexity
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! Grid operators used to depend on predicting steady growth
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! now they can not predict reliably where new solar will come from and where new EVs will and these could balance each other out.
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RISK it is already hard enough... Intermittent electricity Tim and Cristina’s personal story of why
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$ Regulatory Legacy Systems CAN’T TRANSITION
it is already hard enough... 1) Intermittent electricity makes balancing the grid even more Important: I’m Tim, Head of Distribution for Omega Grid and I am here because… [Tim and Cristina’s personal story of why] 2) Legacy Systems for rates and billing can not handle all the new transactions CAN’T TRANSITION Regulatory Legacy Systems $
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Old, Centralized Pricing model
WHAT IF WE COULD How does this change the utility relationship with their customers? How much more efficient is the grid? Encourage the right equipment Have full customer choice Regulatory Process Old, Centralized Pricing model $
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Old, Centralized Pricing model
CAN’T TRANSITION BUT What if we could Encourage the right equipment to operate at the right time, like Electric Vehicles charging when the sun is shining and the wind is blowing. AND What if we could sidestep old financial systems to provide Instant Incentives to those Electric Vehicles or for businesses to invest in their own generation WHAT IF WE COULD Encourage the right equipment Avoid Legacy Software + Regulatory Process Old, Centralized Pricing model $
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Blockchain ENERGY Platform
Which we believe is the new path forward for power generation. Blockchain ENERGY Platform
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Software to Manage the Millions of New Generators
Omega Grid Solves this problem… We conduct that conversation between the local generators to determine the price, send the orders that balance the grid, and then conduct the transaction. Omega Grid is a reliable safe energy market, with no single point of failure, unlike other purely financial blockchain energy companies, we ensure that the grid can deliver energy safely and respond to local conditions. Transactions & Grid Balancing
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GRID My price is $40/MWh @$40, I’d like to sell 5MWh SELLER
Omega Grid Solves this problem We conduct that conversation between the local generators to determine the price, send the orders that balance the grid, and then conduct the transaction. My price is $40/MWh GRID @$40, I’d like to sell 5MWh SELLER
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GRID LOAD GRID My price is $40/MWh @$40, I’d like to sell 5MWh SELLER
Omega Grid Solves this problem We conduct that conversation between the local generators to determine the price, send the orders that balance the grid, and then conduct the transaction. @$40, I’d like to sell 5MWh SELLER I need 10MWh LOAD I will supply the other 5MW! GRID
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FOR $ Encourages renewable energy investment by property owners My price is $40/MWh GRID Omega Grid Solves this problem We conduct that conversation between the local generators to determine the price, send the orders that balance the grid, and then conduct the transaction. @$40, I’d like to sell 5MWh SELLER I need 10MWh Buyer I will supply the other 5MW! GRID Removes risk of distributed generation FOR
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Burlington is actually our second project: We First set out to prove we could handle the complex act of balancing the grid with our blockchain technology. Starting in August 2017, we recorded the financial information to balance this microgrid in Sonoma, CA. We did this with our microgrid control hardware partner and the grid ran autonomously for 10-days when the site was evacuated due to wildfires. the cyber secure grid software communicates with smart devices to keep the grid balanced. Rather than gather information centrally every device from EV charging, to batteries, down to smart switches joins our network where our patent pending private blockchain ensures the security of grid data and avoids a single point of failure.
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Dynamic Blockchain Market Incentives
the customer facing piece where people are rewarded for using or generating electricity at the right time, we went live in Burlington, VT last month. In traditional systems, we might be able to conduct 5 or even 10 transactions for a dollar. With our public blockchain partner, we can do 1M transactions for a dollar (translate to local currency), best of all these transactions are done in seconds in a way that does not require wasteful mining Dynamic Blockchain Market Incentives
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the customer facing piece where people are rewarded for using or generating electricity at the right time, we went live in Burlington, VT last month.
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In traditional systems, we might be able to conduct 5 or even 10 transactions for a dollar. With our public blockchain partner, we can do 1M transactions for a dollar (translate to local currency), best of all these transactions are done in seconds in a way that does not require wasteful mining
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With our public blockchain partner, we can do 1M transactions for a dollar (translate to local currency), best of all these transactions are done in seconds in a way that does not require wasteful mining… and you can get your ICE CREAM
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BLOCKCHAIN TECHNOLOGY
We enable energy utilities to manage and navigate their new world through block chain technology So why blockchain? BLOCKCHAIN TECHNOLOGY
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$ Old, Centralized Pricing model Regulatory Process
BLOCKCHAIN TECHNOLOGY Old, Centralized Pricing model $ Regulatory Process
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! $ Old, Centralized Pricing model Regulatory Process
BLOCKCHAIN TECHNOLOGY ! Firstly it provides increased security. Increased security Old, Centralized Pricing model $ Regulatory Process
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$ Old, Centralized Pricing model Regulatory Process
BLOCKCHAIN TECHNOLOGY If a node is malicious or not working, that value does not get agreed and is overruled by the others Increased security Old, Centralized Pricing model $ Regulatory Process
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$ Old, Centralized Pricing model Regulatory Process
BLOCKCHAIN TECHNOLOGY Secondly, everyone has a copy of the 'chain' so they can see the historical values (this overlaps with the market state) Increased security Redundancy Old, Centralized Pricing model $ Regulatory Process
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$ Old, Centralized Pricing model Regulatory Process
BLOCKCHAIN TECHNOLOGY everyone has a copy of the 'chain' so they can see the historical values (this overlaps with the market state) Increased security Redundancy Immediate sharing of market state Old, Centralized Pricing model $ Regulatory Process
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$ Old, Centralized Pricing model Regulatory Process Manage your grid
BLOCKCHAIN TECHNOLOGY Manage your grid —because of this increased security + redundancy… money can flow faster (click) Increased security Redundancy Immediate sharing of market state Real time transactions Old, Centralized Pricing model $ Regulatory Process
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The best way to predict the future is to
Deeply experienced team covering networking, economics, market systems, and sales to utilities. First ever retail blockchain energy market The best way to predict the future is to
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The best way to predict the future is to
Deeply experienced team covering networking, economics, market systems, and sales to utilities. The time to act is now. The best way to predict the future is to CREATE IT
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