Blockchains LLC and NV Energy Partner to Work With Blockchain Tech on Energy Projects

Blockchains, LLC and NV Energy have signed a Memorandum of Understanding – also known as MOU – in which they will work together on energy-related projects powered by blockchain technology. The information was released by NV Energy in a press release just a few hours ago.

The main intention behind this MOU is to pilot concepts that allow customers to control energy creation, consumption, storage and transactions. According to Jeffrey Berns, CEO of Blockchains, LLC, the goal is to create technology solutions that will produce customer-centric energy platforms that are powered by blockchain technology. He then explained that this partnership is just the beginning of what the company planned for Innovation Park.

Paul Caudill, CEO of NV Energy, said that they are very excited to have access to experts in this technology to grow these solutions and empower customers.

On the matter, he commented:

“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.”

This specific project will be developed at the Innovation Park in Northern Nevada. Additionally, projects that will be incubated and ready for implementation will be presented and approved by the Public Utilities Commission of Nevada (PUCN).

Blockchains, LLC aims at changing the aspects of daily lives implementing new technologies such as distributed ledger technology. NV Energy provides energy services to 1.4 million users in Nevada and more than 43 million tourists annually.

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