The problem we are solving:

• The market failure in the domestic solar electricity market
• The absence of compensation for solar homes who's excess electricity offsets other consumers carbon footprint

Our solution:

OpenGrid is a decentralised energy trading platform, powered by blockchain and analytics technologies, that allows homes with excess rooftop solar to sell their excess energy directly to other homes at a market price.

Additionally, through the use of Smart Contracts from blockchain, homes will automatically receive carbon credits in the form of NFTs (Non-Fungible Token), as rewards for the CO2 they offset from the purchaser of their electricity.

Our differentiator:

• Direct energy transactions
• Allow homes with solar to earn a constant near retail rate per Kw/h
• Ability to aggregate solar homes to earn carbon credits for excess solar electricity
• Blockchain-powered carbon credit trading solutions

Biggest achievement:

Won the RedBull Basement Australian Nationals and competing at the Global final in Turkey this year.