Utilizing Blockchain for Energy Management
Evolve Power provides blockchain-based demand response management solution to improve grid and energy management and drive cost savings. Electric utilities & providers have a hard time meeting peak demand. Consumers are willing to reduce their electricity consumption at the utility’s request (demand response). Their demand response is manually administered, inefficient, and time-consuming. Evolve Power automates and streamlines demand response between utilities and consumers. Using blockchain to disperse, manage and incentivize this utility-consumer network is critical to the core of DRMS.
- VF Role: Ideation, Concept, Mockups, Design, Development and Maintenance
- Tech: Energy Web Foundation’s Tobalaba-based Blockchain, IoT Integration