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  • Burlington, VT
  • For Consumers
  • Team
  • News
  • Questions?
    • Omega Grid, the blockchain energy platform for distribution utilities

      Peer to Peer Energy Platform

      Grid balancing and market settlement for electric utilities

      Four Trillion Dollar Electricity Market
    • The Problem

      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.

    • Solution

      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.

    • Electric Market

      Expect the first customer segment will be C&I customers currently constrained from participation in transmission markets

      $4T

      Global Electricity Sales

      $391B

      US Electricity Sales

      $82B

      CA+NY+TX Sales

      (likely first states to deregulate)

      $60B

      Rough Size of Commercial & Industrial Load in CA+NY+TX

    • Competition

      Most use a public blockchain, only handle financial transactions, and are not grid aware.

    • Competitive Advantage

      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.

      Utility Experience

      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.

    • Business Model

      Omega Grid is a multi-sided market platform connecting local electricity sellers & buyers

      Omega Grid Revenue

      • License and configuration fees from Local Distribution Companies
      • Portion of transaction fees from platform market participants
      • Hardware partner licensing fees
      • Potential to provide market liquidity

      Local Distribution Company Benefits

      • Transaction fees from platform market participants
      • More resilient and reliable grid metrics

       

      Generator Benefits

      • Fees for excess generation sold on the platform
      • Ability to secure less constrained revenue for generation and storage assets

      Customer Benefits

      • Access to local electricity below wholesale pricing
      • Option to participate in local load reduction programs
      • Option to secure electricity from local generators during outages
    • Learn More

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    4422 N Ravenswood

    Chicago, IL 60640

    Contact Us

    info@omegagrid.com

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