<\/p>\n
Renewable energy storage solution Entheos is partnering with Plural Energy, a renewable energy tokenization platform, to enable investors to finance the first-ever portfolio of smart battery assets.<\/p>\n
Entheos is co-founded by former MakerDAO contributor Teej Ragsdale, who closed a $100 million deal<\/a>, driven by DAI, with Huntingdon Valley Bank to bring DeFi liquidity into the real world.\u00a0<\/p>\n The company is now looking to fund smart batteries \u2014 an emerging asset class \u2014 using DeFi rails. Smart batteries are software-embedded batteries that can store and release energy based on intelligent technology. One commonplace example? An iPhone\u2019s battery.\u00a0<\/p>\n They\u2019re one mechanism in play to solve the unpredictability of renewable power sources, like solar and wind, which are highly dependent on weather conditions. When those renewable systems do capture energy, inefficient batteries often prevent a full conversion into power.\u00a0<\/p>\n People who are interested in the technology can, for the first time, now utilize blockchain technology to purchase Entheos tokens and invest in the technology\u2019s potential via tokenization.<\/p>\n User and investor appetite for tokenization has remained steady over the last few months<\/a>.\u00a0<\/p>\n \u201cBattery operating systems aren\u2019t really using software to their full advantage,\u201d Ragsdale told Blockworks. \u201cBattery systems generate all sorts of inefficiencies and losses\u2026what you want to be able to do is [ensure] the battery is smart enough to be filling itself up when prices are low and discharging when prices are high.\u201d<\/p>\n Enter smart batteries. Their proponents say they\u2019re necessary to ensure renewable energy solutions run effectively using grid stability.\u00a0<\/p>\n At the core of Entheos\u2019 aspirations is to harvest data and control smart batteries in a much more granular way, according to Ragsdale.<\/p>\n \u201cA traditional battery is not really a great asset for investors, and we\u2019re making it much more attractive by monitoring data and controlling these batteries in a much more dynamic way,\u201d he said. \u201cWe are building software that\u2019s smart enough to monitor weather and pricing conditions, fill [battery] up when it is low, and discharge when it is high.\u201d<\/p>\n The idea behind Entheos teaming up with Plural Energy is to allow anyone interested in Entheos to easily invest in their work.\u00a0<\/p>\n DeFi <\/a>participants will be able to purchase Entheos\u2019s compliant, on-chain security tokens via Plural\u2019s tokenization platform, which also features other real world assets.\u00a0<\/p>\n Investors who choose to purchase the tokens will also be able to track the performance of the assets they have invested in, Adam Silver, co-founder and CEO of Plural Energy said.\u00a0<\/p>\n \u201cWe want to make it easy and simple to connect the on-chain capital markets that are financing these assets to the off-chain performance and risk that exists with these assets,\u201d Silver said.<\/p>\n This can be achieved using Plural\u2019s Decentralized Physical Infrastructure Network, Illuminet, Silver said.\u00a0<\/p>\n \u201cWe\u2019ve built a DePIN network that essentially shows all on-chain investors what is happening with the battery via trusted and verified data integrations with the Blockchain,\u201d he said.<\/p>\n The idea is to bring investors data and information on an industry that is usually hidden behind walled gardens, ultimately enabling individual investors the opportunity to make their own investment decisions.\u00a0<\/p>\n \u201cWhat Adam and I are setting out to do is give rise to a completely new asset class that through better investments, we can accelerate the deployment of the underlying infrastructure,\u201d Ragsdale said. \u201cThis is a net new asset class built on crypto rails from the start, in the right way.\u201d<\/p>\n Get the day\u2019s top crypto news and insights delivered to your email every evening.\u00a0Subscribe to Blockworks\u2019 free newsletter<\/a>\u00a0now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can\u2019t-miss tweets and more from\u00a0Blockworks Research\u2019s Daily Debrief<\/a>.<\/strong><\/p>\n Can\u2019t wait? Get our news the fastest way possible.\u00a0Join us on Telegram<\/a>\u00a0and follow us on\u00a0Google News<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Renewable energy storage solution Entheos is partnering with Plural Energy, a renewable energy tokenization platform, to enable investors to finance the first-ever portfolio of smart battery assets. Entheos is co-founded by former MakerDAO contributor Teej Ragsdale, who closed a $100 million deal, driven by DAI, with Huntingdon Valley Bank to bring DeFi liquidity into the […]<\/p>\n","protected":false},"author":2,"featured_media":145420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-145419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=145419"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145419\/revisions"}],"predecessor-version":[{"id":145669,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/145419\/revisions\/145669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/145420"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=145419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=145419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=145419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u2018Built on crypto rails from the start\u2019<\/h2>\n
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