ABOUT NAD GRID
Our Mission: We are committed to building an efficient P2P electricity exchange market that aligns supply with demand, improves electric system and incentivizes wider renewable energy adoption.
In the short-term, we are creating a peer-to-peer electricity exchange market that enables:
ZERO TRANSACTION FEE:
NAD will provide users the most cost-effective electricity exchange platform and support tremendously large numbers of transactions.
CONVENIENCE AND TRANSPARENCY:
NAD will give users easy access to trade electricity surplus at fair market price determined by supply and demand.
PROFIT OPPORTUNITIES FOR SOLAR PANEL USERS:
With alternative buyers offered by the exchange, household solar energy producers can opt out of Net Metering policy which will allow typical single family households to fully utilize their roof real estate for solar panel installations that will usually result in doubling the electricity produced.
Current Net Metering policy restricts households to only install enough solar panels to roughly cover their typical usage by analyzing past electric bills, which results in majority of roof area being unused. Solar roof companies like Solar City and Sunrun are also beneficiaries when households install more solar panels. This is a win-win-win situation where utilities are no longer forced to take generation surplus, prosumers can make a bigger profit, and solar roof companies get more business.
SELECTIVE ENERGY SOURCING:
On NAD exchange, producers are obligated to label their energy source with a carbon footprint grade. Carbon footprint grade is amount of carbon dioxide, methane, and nitrous oxide emitted in kilograms per kWh of electricity generated. Renewable energy sources like solar, hydro and wind typically have a carbon footprint of zero. Traditional sources like nuclear, coal, and gas have various levels of carbon footprint depending on the generator’s method of conversion, equipments, and others.
This feature is specific to NAD Exchange.
Consumers specifies a carbon footprint threshold Y, NAD System will source electricity from one or more producers so that the overall emission is within Y.
Selective Sourcing allows consumers to gradually reduce emission. Access to this service will be through the Eden token.
Did you know…?
There are more energy in an hour of sunshine than total energy consumed by all of humanity in a year.
Current solar panel technologies are already 10 times more efficient than plant photosynthesis.
With current solar panel technology, it would take a solar farm of roughly the size of New Jersey, the 4th smallest state in America, or 0.2% of total US land area, to power the entire United States.
Bhutan already generates a surplus of electricity from hydroelectric plants, and it accounts for 40% of the country’s export earnings.
In the longer term, we will:
POWER EFFICIENT ELECTRICITY MARKET:
NAD will build up a de facto free market and maximize the efficiency of electricity market.
With the exchange transaction data, more granular insights can be extracted like energy cleanliness preferences, and exact demand by participants. These anonymized information can help businesses like local utilities to make better investments that better serve its customers in the future.
RESOLVE RELIABILITY PROBLEMS:
NAD will help to resolve the existing reliability problems and maintain a stable electric system.
ENCOURAGE FASTER ADOPTION OF RENEWABLE ENERGY:
All major forms of renewable energy like solar, wind, and hydro benefit from geographically distributing the generation points. This overcomes the unreliability of energy source due to variations in local weather, hence significantly improving the consistency and reliability of the entire web of renewable energy generation, brings the world a giant step closer to green energy only planet.
INCENTIVIZE DISTRIBUTED STORAGE OF RENEWABLE ENERGY:
When customers’ free trade of electricity surplus becomes easy and efficient, more individuals and entities will be incentivized to install distributed storage, which will further promote renewable energy.