NV Energy Signs Agreement With Blockchains, LLC to Work On Collaborative Energy Projects

PHOTO CAPTION: Ronald T. Brown, dean of UNLV Allied Health Sciences. (R. Marsh Starks/UNLV Creative Services)

The CEOs of Blockchains, LLC and NV Energy today signed a Memorandum of Understanding (MOU) which outlines their agreement to work together on energy projects powered by blockchain technology.

Blockchains and NV Energy have recently communicated to the public via press release that they believe their 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.”

According to Paul Caudill, CEO of NV Energy, the company is “thrilled” to have access to Nevada-based experts in this cutting edge technology and plan to explore a variety of out-of-the-box energy concepts to identify ways to improve the company’s customer experience, including applications that further the use of energy storage, renewable energy and collaborative energy conservation.

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).

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