B L O C K C H A I NE N E R G Y P L A T F O R M
E X E C U T I V E S U M M A R Y
Omega Grid is blockchain software that turns any electric grid into an open and safe
market. Our cyber-secure platform balances grid supply and demand with customer AI
agents to optimize the market.
In Jan 2019, Omega Grid & Burlington, VT went live with a blockchain rewards system for peak shaving.
This represents the first utility sponsored, customer facing energy blockchain project in the US, and
has already received coverage from Bloomberg, Ernest Moniz’s EFI policy paper, and the American Public
Power Association. Omega Grid will announce our second US utility partnership in June, the first project
in this territory will coordinate solar production with EV charging to reduce the infrastructure investment
expected to support EVs and solar. The project is sponsored by a global Europe-based utility and may
include DOE and APPA support
Inexpensive solar, batteries and electric vehicles are changing the utility business model. Utilities lack
a financial system to manage the new buyers and sellers on their grid. Over $1T of retail consumption will
come from local solar and battery sources.
Problem
Opportunity
Developing countries will leapfrog traditional infrastructure and need a low cost system to integrate local
resources. Our market system helped a microgrid run autonomously during the Sonoma Fires of 2017. Our
decentralized system can scale up from microgrid, to community, to city, and to regional levels.
Global
Impact
Solar & Battery economicsare forcing a shift from
central generation to local.It’s happening faster than
expected.
L O C A L G E N E R A T I O N I S F O R C I N G A $ 1 T S H I F T I N T H E E N E R G Y B U S I N E S S
$1T$1T of the $3.5T global electric market will be
served by local sources.
Utilities run antiquated billing software. There is
no suitable market software to manage new
grid transactions.
Get a free beer if you turn off your AC from 5-7pm.
B L O C K C H A I N R E W A R D S P L A T F O R M F O R P E A K S H A V I N G
Customers Sign up for Rewards
We retain 10% and pass the rest to merchants or
customers
Receive Notificationsand
Get Rewards
Merchant Redeems
$7-100/kWh
Demand ResponseMarket
Utility or wholesale market pays Omega
Grid
JAN 2019 Results: • Average of $100 earned per
customer • 590 KWh shaved
• Grid emitted 25% to 96% more CO2 during peak events.
• Average of 59% more CO2 on peak• ~190 kg CO2 averted
$1M TAM$20/customer/yr
$72M TAM7.2M customers
$10/customer/yr
$650M TAM65M customers
$10/customer/yr
Burlington, VTB2B2C
ISO-NEB2C
PJMB2C
P E A K S H A V I N G R E W A R D S M A R K E T
Buy power from your neighbor
L O C A L E N E R G Y M A R K E T
P L A T F O R M
H O W W E M A K E M O N E Y : F U T U R E
Capture a portion of grid transactions. Participants bid using AI Agents.
Key Takeaway: Large global market
developing at 45% CAGR, meanwhile
municipal market is underserved and has
the greatest proportionate initial benefits.
L O C A L E N E R G Y M A R K E T S A R E I N E V I T A B L E
$25B
Global
by 2035
$2.5B US
by 2035
$90M CA+NY
by 2021
$40M
CA+NY
Muni/Coops
Today
Transactive Energy will be $1T of the
$3.5T global electric transactions by
2035.
Potential $25B in Omega Grid revenue
US Market will be over $2.5B 2035
$12B CA+NY market planning now for
deregulation by 2021
Potential $90M in revenue from C&I segment
$1.6B electric market of CA
Municipal Utilities can benefit
today.
This niche could generate $40M in
Omega Grid revenue
P R I V A T E C Y B E R S E C U R E S P O T M A R K E T
Sonoma, CA: On August 21, 2017 theStone Edge Farm Microgrid (SEF) beganpiloting a blockchain based electricitymarket software from Omega Grid. TheHeilaIQ decentralized controllers host the softwareand Électricité de France (EDF) has providedoversight and guidance for this innovativeapplication of blockchain technology in the energysector. Deploying a local electricity market fromOmega Grid (OG) removes the revenue risk ofdistributed energy for utilities and encourageinvestment by property owners. SEF is a workingwinery that includes a water treatment facility, aCapstone Microturbine, 630 PV solar panels, aniron flow battery from SimpliPhi Power, ahydrogen electrolyzer, Tesla Powerpacks, and aheat exchanger. The software simulates eachmicrogrid asset as an independently owned sitethat acts in its own self interest. Each asset bidsinto the market based on their own cost curves.OG calculates the optimal power flow and alocational price for each asset. OG issues orders ona 5-min basis to the market participants, confirmsdelivery to the grid and tracks the financial data onour python based proof-of-authority blockchain.The spot market operated by OG provides adecentralized, secure settlement reference pointfor p2p forward contracts agreed to on a publicblockchain. Tests at SEF wrapped up in Mar 2018and we are looking forward to future collaboration.
For more information, please contact: [email protected] or visit omegagrid.com
ARCHITECTURE
P2P ONLY — NO GRID PHYSICS
T H E C O M P E T I T I O N
P A T E N T P E N D I N G P R I V A T E B L O C K C H A I N M A R K E T
+P U B L I C B L O C K C H A I N
T R A N S A C T I O N S
Without accounting for the grid, blockchain competitors cannot guarantee safe delivery of electricity
BEHAVIORAL DEMAND RESPONSE
We can offer instant rewards without the shame of comparing to neighbors
S C R A P P Y T E A M D E L I V E R I N G B R E A K T H R O U G H S
Sonoma, CA Stone Edge Farm Microgrid
• Operated autonomously during Sonoma fires• Wrote over 1MM market data points to our
private blockchain over 6 month test• New contract with EDF, Inc sponsorship
Burlington, VT• Contract with the first US city to balance
supply and demand with blockchain rewards
Technology Development
• Created private proof-of-authority python blockchain logger suitable for operation on embedded devices
• Hardware integration • Design can scale from microgrids, to cities, to
regions
FoundedFEB 2017
Equity investment from F500 Utility
JUL
AUG
Sonoma Microgrid
POC
OCT
ProvisionalPatent Filed
MAR2018
DEC
VT-AccelClimate
Accelerator
Launch Alaska
Burlington, VT
Pilot
SEP
EDF, Inc
Pilot
PCT Patent Pending
APR2019
TODAY
JAN2019
Burlington, VT
Extension
OCT
Burlington
Launch
JUN
MAJOR USCITY
SEP
US CITY
PILOT
The future will arrive
exponentially quicker
than you think.
The time to act is now.
The time to act is now.
Contact: Killian Tobin, CEO
773.294.4606
http://omegagrid.com
B L O C K C H A I N I S T H E R I G H T A R C H I T E C T U R E
!Increased security
Increased resilience
Immediate sharing of market state
Real time transactions
More participants increase the reliability of the network, traditional systems become more brittle with new entrants
During outages or islanding, transactions are preserved and sub-markets can be later merged back into system of record
Participants have access to price information locally so they can avoid an index service
Settlements can be initiated more frequently compared to the 30-90 day standards in traditional markets