Blockchains, LLC And NV Energy Sign Agreement To Work On Blockchain-Powered Collaborative Energy Projects

SPARKS, Nev., Oct. 31, 2018 /PRNewswire/ -- 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's 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."

"We are thrilled to have access to Nevada-based experts in this cutting edge technology, and to be able to grow solutions that empower our customers," said Paul Caudill, CEO of NV Energy. "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."

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).                     

About Blockchains, LLC
Blockchains, LLC was founded by individuals who believe blockchain, in conjunction with other emerging technologies, will change all aspects of our daily lives for the better. The company maintains its headquarters in Innovation Park in Northern Nevada, where it owns more than 67,000 acres that it plans to devote to the incubation of innovative ideas that simplify every aspect of our daily lives. By empowering the individual and restoring trust in all transactions, and fostering cutting-edge technologies, Blockchains LLC's goal is to help facilitate the technological revolution that will improve everyday life for the next generation.

About NV Energy
NV Energy provides a wide range of energy services to 1.4 million customers throughout Nevada and more than 43 million tourists annually. NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada. For a list of NV Energy's renewable resources, click here. Information about NV Energy is available on the company's website, Twitter, Facebook and YouTube pages, which can be accessed via nvenergy.com.

SOURCE NV Energy