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BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software...

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Page 1: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

B L O C K C H A I NE N E R G Y P L A T F O R M

Page 2: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 3: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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.

Page 4: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 5: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

$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

Page 6: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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.

Page 7: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 8: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 9: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 10: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 11: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

[email protected]

773.294.4606

http://omegagrid.com

Page 12: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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

Page 13: BLOCKCHAIN ENERGY PLATFORM · 2019-05-15 · EXECUTIVE SUMMARY Omega Grid is blockchain software that turns any electric grid into an open and safe market. Our cyber-secure platform

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