What is DexGrid?
In brief | En resumen
We are a software company born and raised in Puerto Rico, providing our customers with a comprehensive solution to sell their excess electricity to their communities.
What is our long term vision?
Electricity should be accessible, clean and reliable. It should be an exciting experience.
Deploying energy generation and storage assets at the local level is the key to reliability and resiliency of electricity operations. Enabling microgrid anchors such as businesses and manufacturers, to sell their electricity to their neighbors is the driver for communities to thrive.
Looking at how Decentralized Finance (DeFi) has disrupted Traditional Finance (TradFi), it's now the turn for the Utility model to evolve into the Regenerative Community.
Regenerative models, as opposed to extractive, leave resources (renewables) intact, or replenishes them with use such that they do not deplete over time. They are intended to serve the communities as a public good.
DexGrid's Community Microgrid program enables the Regenerative model for communities, supported by sustainable and affordable electricity.
It makes renewables affordable to the public. It leverages the strong financial position of microgrid sponsors, which, in turn, are compensated to sell their electricity.
It makes the operations reliable and resilient to adversity. It creates additional value to the members of the community as Energy Credits for their electricity needs.
Who uses DexGrid?
Microgrid anchors, commonly sponsors, businesses, manufacturers and associations (solar, residential, buildings…) and their neighbors, the consumers of electricity.
In addition, prosumers, i.e. individuals or businesses equipped with own generation systems, can also sell their excess electricity to the microgrid.
Together, they form a community microgrid.
Most often, the anchor is not an energy expert but is certainly a business manager handling a tight schedule. They are businesses looking to repay their own generation system faster by generating additional revenue. They also realize the fundamental necessity for resilient electricity and what it means in supporting their business and their communities.
The consumers are households and other businesses located in the neighborhood of their microgrid anchor.
How do we do make it happen?
Our mission is to make it easy for project anchors to launch their community microgrids and for consumers to manage their electricity needs and enjoy an improved experience.
Our digital microgrids incubator, GridLauncher, sets early expectations while modeling and coordinating competitive quotes from energy professionals to develop and launch their project. We make it easy, in a few steps, intuitively assembled to maximize chances of success.
As part of the Community Microgrid program is the First Touch Campaign, enabling each project to onboard their first neighbors. Once operations launch, the experience is streamlined into their GridUser app.
GridUser can be used on mobile or desktop interface; a mobile app for consumers and prosumers, a desktop interface for anchors. Additional built-in features enable our users to access untapped opportunities through their electricity portal.
The combination of DexGrid's decentralized energy marketplaces and in-house Demand Response engine, WeAlign, enable users to be rewarded when supporting the reliability of the microgrid operations.
What are our core principles?
At Dexgrid, we always put our users first. And we do it considering how electricity needs, like water, are fundamental to the communities.
How can we simplify it and at the same time raise awareness on the fundamental aspects of energy? How can we expand the traditionally limited grid user experience? Do users only "pay their bills" or are there other opportunities available?
That's what we've worked hard to put into our users' hands. We built our product suite with transparency, regulation, data security and confidentiality at the core.
Electricity should be a public good and priced as such. We are putting regenerative natural and economic resources into the hands of our users so that their electricity turns into a net positive at the end of the month.
We are all parts of our community and together, we are stronger than our individual selves.
What's next?
While more than 20 projects have joined the digital microgrids incubator, GridLauncher, 3 have made enough progress to complete their pre-development stage. These projects are ready to take advantage of the $40 million funding pool committed to these projects. Next step will be to run their First Touch Campaign and onboard their first customers.
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