NAD Grid, an energy-blockchain technology company focusing on electric vehicles (EVs), was issued its first patent for facilitating electricity services. NAD Grid's energy platform includes a product called ampUP, an iOS application for an EV charging network for both shared and private home chargers.
The patent describes a real-time electricity services and communications platform incentivizing distributed storage of renewable energy, reducing utility bills for consumers, increasing optimization for surplus renewable energy, and reducing energy laundering.
NAD Grid appears to be challenging the likes of Plugshare, ChargeHub, and EVgo with the ampUP app. However, NAD Grid and ampUP have an advantage over the previously listed competitors: patent protection.
