Solar + is forming a for-profit B-Corp founded to advocate for “forgotten” communities through clean energy and infrastructure solutions. Solar + is a multidimensional team with over 100 years of combined experience in renewable energy infrastructure and software development. We design and build microgrids using hydrogen as a smart load to create another valuable commodity rather than curtail peak production. We are targeting sectors that are heavily reliant on diesel to provide a 100% hydrocarbon free energy and production environment. Our solution involves blockchain credit tracking, renewable production verification and commodity trading.
A Problem Worth Solving:
Energy costs are driven by monopolistic utilities and consumers lack freedom of choice and fair price for energy consumed
Current commercial, industrial, and residential solar adopters are unable to monetize their excess energy and ancillary grid services
Communities are unable to realize the economical benefits of renewable energy due to utility grid inefficiencies
Our Solution:
Software solution that monetizes generators excess energy and ancillary grid services through virtual ownership
Communities are able lower their cost of energy by accessing economic benefits of renewable energy resources
Incentivizes renewable energy solutions through the aggregated grassroots community efforts at the small business and homeowner level
Our innovation provides mechanisms to address these shortcomings through virtual ownership of generation credits, allowing a systemic approach to buy-in and costs rather than an individual approach, in a method that is adaptable to changing load profiles by design.
Eric Olson: Chief Executive Officer, Gen Contractor, Co-Founder
Eric has 35 years of experience in construction with 14 years of solar integration experience in California and Hawaii. Eric is a lead advocate for renewable energy solutions in the state of Hawaii. He currently serves as the President and RME for Inspired Energy Solutions where he focuses on developing innovative projects that make a difference. His Physics background from UCSC and real-world construction experience have led him to a “think it, design it, build it” mentality focused on overcoming the shortcomings of our antiquated infrastructure.
Nikolas Schlosser: Chief Strategy Officer, Land Surveyor, Co-Founder
Nik is a decorated US Air Force Veteran who learned valuable leadership and mentorship skills as a non-commissioned officer. Professionally Nik brings over a decade of valuable experience as a land surveyor playing a vital role in every phase for various renewable energy projects across the United States. Nik is currently the renewables program manager for Encompass Energy Services, and currently serves as the CEO of Terra Tech Solar, a renewable energy infrastructure development company focused on providing renewable solutions for historically underrepresented communities. Nik’s passion is to help underserved communities gain energy independence through innovative renewable energy solutions with the hopes that the impact will help pave the path for a better and more resilient future for all.
Evan is currently the CFO for Terra Tech Solar a renewable energy infrastructure development company focused on developing utility-scale solar and BESS solutions for the “forgotten communities” across the United States. Evan is an accomplished CFO with a track record of success in the financial services in the banking industry. His contributions have boosted operational efficiency and profitability for his clients. Evan excels in financial modeling and business valuation, providing data-driven insights for decision-making. He has collaborated effectively with Fortune 500 executive teams, emphasizing talent development and mentorship.
Jennifer Potter: PUC Policy Advisor
Jennifer Potter is a seasoned professional with over 18 years of experience in the energy industry, having served as a PUC Commissioner and accumulated a decade of invaluable experience at public utilities, including SMUD. Her extensive background encompasses diverse roles, including four years dedicated to academic research.
Jennifer's expertise lies in driving innovation and progress within the energy sector. As a former PUC Commissioner, her strategic priorities and specialized knowledge encompass grid modernization, distributed energy resources (DERs), energy efficiency (EE), demand response (DR), advanced rate structures, performance-based regulation, and community-based renewables.
Raj Budhabhatti : Chief Operations Officer, Blockchain Developer, Co-Founder
Raj has a Master's degree in Computer Engineering from Louisiana State University and a Bachelor's degree in Electrical Engineering from India. With over 40 years of technical experience, 20 of which involved structuring and installing utility-grade solar farms, PPAs business deals, and 20 years of extensive computer networking knowledge necessary to interface physical systems and smart meters to Blockchain smart contracts and dApps, Raj will act in the role of Chief Operating Officer. Raj has been awarded a patent on a Core routing algorithm called Spanning Tree Protocol.
Som Budhabhatti: Chief Technical Officer, Blockchain Developer, Co-Founder
Som has a BS in agricultural science and extensive experience in various aspects of Blockchain technology, crypto, NFTs, and practical applications of these technologies in real life outside of the mere financial arena. He is passionate about using Blockchain solutions for agriculture, food security, energy security, and social benefits. Som also has a vast network of professionals and developers he brings to the table to handle the actual nuts and bolts of coding Eric’s vision into a viable blockchain. Som Budhabhatti will act as this entity’s Chief Technical Officer and manage the development and maintenance of this solution.
Pearce Renewable: Engineering Plans Schematics and Estimation
Pearce Renewables, is a leading solutions provider for operations and maintenance services to our nation’s mission-critical renewable energy infrastructure, helping provide a cleaner future by delivering service excellence to commercial, industrial, utility-scale developers.
Encompass Energy Services: Utility Easements, SUE Land/ROW, GIS database
Encompass Energy Services is a Survey, Land/ROW, and GIS Firm. With a strong reputation in the energy, land management, & transportation/infrastructure industries by providing a superior product to a wide array of clientele.
Inspired Energy Solutions: Engineering, Procurement, and Construction
Inspired Energy Solutions is an EPC and Development company with over 10 years of experience building various renewable energy solutions in the state of Hawaii.
Terra Tech Solar: Renewable Energy Infrastructure Developer
Terra Tech Solar is a forward-thinking renewable energy development company revolutionizing the commercial and industrial sectors through innovative energy solutions.
Market Opportunity
Blockchain-enabled Grid Services Compensation: The integration of blockchain technology to convert grid services into tokens introduces a novel approach to renewable energy generation compensation. This ensures transparency, increases efficiency and creates a unique market for blockchain-based energy transactions.
Federal Funds Available For Additional Infrastructure: $2 trillion federal funds made available through various federal funding opportunities, including: Inflation Reduction Act (IRA), Bi-partisan Infrastructure Bill, and many others.
Untapped Potential of Excess Solar Generation: Our solution provides a mechanism to effectively monitor, track, and compensate excess energy put on the grid, turning a wasted resource into a valuable asset.
Financial Inclusion for Low-Income Families: Our technology innovation addresses this gap and opens up a new market segment where low-income families can actively participate in and benefit from the renewable energy ecosystem.
Commercial and Industrial (C&I) Incentivization: There is no incentive for commercial and industrial developers to adopt solar generation outside of localized energy savings. Our solution incentivizes developers to not only adopt, but to over size their system and put more clean energy on the grid.
Purchase Power Agreement (PPA) Mismatch: Current PPAs require homeowners to buy energy produced from renewable generation system. The utility doesn’t pay for over production and electrical savings are eliminated. Thousands of PPA customers would benefit
Alignment with Clean Energy Goals: The US Department of Energy has a goal to add 300 terawatt hours (TWh) of additional clean electricity by 2030. Our solution directly aligns with this goal, positioning itself as a catalyst for expediting the transition to clean energy by ensuring that all energy consumers and generators benefit from renewable energy.
Pilot Deployment
In our pilot scale deployment, we will need revenue-grade meters installed behind the meter of a 1MW generation site and at least one concentrated building with our off-takers.
We will use seed funding to develop and deploy a blockchain solution that tracks energy production and consumption to be reconciled through smart contracts that apply credits to community solar members in real-time.
Technology, Equipment, and Labor Fee’s:
Technology Costs: $400,000
Blockchain Platform Licensing & Deployment: $150,000
Smart Contracts - Development Tools & Resources: $80,000
Scalability Solutions - IT Infrastructure Upgrades: $120,000
Interoperability Tools - Training & Integration: $50,000
Management Expenses: $550,000
Approximate Total Cost: $950,000