NV Energy and Blockchains, LLC Sign Agreement To Develop Blockchain-Powered Collaborative Energy Projects

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The CEOs of Blockchains, LLC and NV Energy have agreed to work on energy projects powered by blockchain technology. Blockchains and NV Energy’s shared vision will pilot concepts that place the customer in control of energy creation, consumption, storage and transactions.

“The goal of this collaboration is to create technology solutions that will produce customer-centric energy platforms powered by public blockchain, all with the intent of integrating approved incubations into Nevada’s energy framework,” said Jeffrey Berns, CEO of Blockchains, LLC. “These types of collaborative efforts, which return the power and control in transactions to the customer, are the very essence of blockchain technology. This partnership is only the beginning of what we have planned for Innovation Park.”

“We are thrilled to have access to Nevada-based experts in this cutting edge technology, and to be able to grow solutions that empower our customers,” said Paul Caudill, CEO of NV Energy. “We will explore a variety of out-of-the-box energy concepts to identify ways to improve the customer experience, including applications that further the use of energy storage, renewable energy and collaborative energy conservation. We are, in addition, excited about the many other undiscovered applications that public blockchain technology has the potential to make possible.”

Projects developed at Innovation Park, the home of Blockchains, LLC in Northern Nevada, could be utilized to serve NV Energy’s 1.3 million customers. Any projects incubated and ready for implementation will first be presented to, and approved by, the Public Utilities Commission of Nevada (PUCN).

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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