What's happening in the world of crypto and energy.

There are huge potential savings on offer from more efficient network use. ARENA recently put out a study ‘Valuing Load Flexibility in the NEM’ that found that moving to high load flexibility through widespread renewables and storage could unlock $2B a year in potential savings.

The Australian energy system is in chaos, retailers are collapsing and your power bill has, or is about to, go ballistic, what gives?

Wow what a weekend! Crypto Con 22! Events like the convention are so valuable for many reasons for a startup like PowerPlay. This was our first major event and so we were really looking for strong validation of our product and our brand. Having the ability to talk to so many people about PowerPlay, to see them understand what we are doing and then see them join the whitelist is as motivating as it gets. 

These are crazy times in the energy industry. A confluence of some external factors sure but this is the direct result of the raging dumpster fire otherwise known as “Energy Policy” in Australia. It has been coming down the pipe for some time. In reality the basis of the system has been cooked since the very beginning of the National Energy Market (NEM).

The problem with solar is that this great investment is not really an option for renters, a demographic that is already doing it very tough. I started PowerPlay to offer a viable alternative to solar that uses a Web3 tokenized incentive model. Our game rewards and bill discount model essentially acts like a loyalty program that enables the energy user to build up our native token $REMI.

Cryptocurrency mining, especially Bitcoin mining, has also become an important aspect of the green revolution, helping push forward environmentally friendly practices of utilizing renewable energy, utilizing excess energy waste and pushing forward innovation including using volcanoes to create energy.