Peer to Peer Energy Platform
Grid balancing and market settlement for electric utilities
Distributed energy assets are participating on the transmission markets
Solar + Storage
Economics are at parity in many regions
PV solar costs are down 68% and Li-Ion Battery costs are down 88% since 2010.
Creating Grid Complexity
Growth of small scale generators and aggregated resources
These new decentralized participants, bidding into the wholesale markets are necessarily being constrained by distribution grid planning requirements.
Forcing Distribution Deregulation
Now considered inevitable
Aggregated demand resources, smart buildings, microgrids, and EV fleets could serve local demand with fewer constraints on a new distribution market.
Enable Distribution Utilities to Balance the Grid & Settle Peer to Peer Transactions
Blockchain Grid Balancing and Settlement
Balance load with generating units and confirm transactions.
Our private blockchain ledger records communication, confirms power delivery, enforces dynamic grid constraints, and settles transactions.
Resilient Edge Architecture
Decentralized and Distributed, just like your grid
With no single point of failure, our system enables smart islanding, operation without centralized communication, and secure control room overrides.
Does not depend on phone and internet channels
Utility owned private mesh
Communication is conducted over a private mesh network. Omega Grid will continue to operate if internet or phone lines go down. Asset owners participate based on their availability and can be deactivated if not responding to orders.
Expect the first customer segment will be C&I customers currently constrained from participation in transmission markets
Global Electricity Sales
US Electricity Sales
(likely first states to deregulate)
Rough Size of Commercial & Industrial Load in CA+NY+TX
Most use a public blockchain, only handle financial transactions, and are not grid aware.
Utility Centric Market Platform
Secure Private Standards
We are using open source technology to create a private utility blockchain
The utility grid should not depend on the public internet. Other approaches leverage public channels for communication creating failure and attack vectors.
Resilient and Reliable
No single point of failure
Omega Grid can enable smart islanding, local markets, and the identification of critical loads for emergency load shifting.
Complementary to existing meter to cash processes
We understand importance the Transmission Markets and Local Distribution Company Meter to Cash processes. Omega Grid will provide billing determinates to legacy systems rather than replace existing technology.
Omega Grid is a multi-sided market platform connecting local electricity sellers & buyers
Omega Grid Revenue
Local Distribution Company Benefits
4422 N Ravenswood
Chicago, IL 60640