Hey yo, what the word with my people, who keep this channel a running, the Chico Army,
and any newbie, also known as a viewer of the tube.
First, I’m the host of this channel, Tyler and you just set you eyes on the crypto channel,
that gets your eyes focused on the content, and then pure chaos ensues.
I fell into a burning ring of fire, it’s time for Chico Crypto!
Well, it is here...the PUMP, for what has been dragging behind…..BITCOIN!
Pulling out the 7 day chart, it’s good to see we have broken out of 9200 resistance,
as that support was broke last week, and a resistance break attempt happening on sunday,
although we got rejected then.
So good to see this Pump on that time scale 7 days, it a bullish chart...BUT, pulling
out the the chart since the end of May, when we entered the 9k to 10k range...the chart
isn’t so bullish, with a series of lower highs...around June 1st, we peaked just above
10k, then by June 10th 9875, June 22nd 9675, and then July 8th 9430….
So the important number to break in the short term, is the last lower high, of 9430...not
breaking that within the next day or two, won’t be a good sign, but smashing through
will be pretty good, but we still have a long way to go, up to 10k.
So, is it time to focus on grandaddy BTC?
Or is the theme still the same...altcoins are providing bigger gains?
Well going to coingecko, and sorting by top gainers over the past 24 hours, as of yesterday...we
can see that yes altcoins are still performing better...with 23 alts, above bitcoin in 24
hour percentage gains.
But, here is the thing I notice you guys...many of those top gainers...are absolute shatcoins,
like a large majority.
Which makes me believe, we are getting to the end of a cycle.
Not many people are diehard investors, of Tron’s steem fork hive, BITCOIN gold, dx
chain token, shoot even Bitcoin SV, Bitcoin Cash, and litecoin are pumping more than BTC
now.
Shoot event the crappy guys behind the chainlink FUD, NEXO are pumping more than BTC...
That to me, signals whale bag holders, are a pumping to get eyes on their coins, to extract
what they can out of the markets... while they still can during this altcoin cycle.
And the crapto youtubers are starting to shill, shill, and shill altcoin after altcoin, new
coin after new coin..week after week.
Which, I could do too, and many in the community have asked me to do and I’m sure in this
videos comments, I get many people asking me tot talk about X or Y coin….but I’m
not gonna do that, as if you have hopefully noticed anything about this channel, we stick
to what we have already covered, as there is a reason I covered it...I like what the
protocol is doing & believe in it.
So Rant over, let’s dive into some big updates with the coins we are talking about today.
First, let’s begin with the coin, I believe is going to surge through the 2nd half of
2020.
That is Energy Web Token, and their suite of products which I have been covering extensively
for the past couple of months including the d3a, ewt chain, big partners and their validators...and
more.
All those vids are in the description, if you want to check them out.
So, what could be next for Energy Web?
Well, we know some of the big powerhouse Energy names they are already connected to like shell
and Tenaska in the west, multiple european powerhouses like Stedin, Engie, elia group
and EDF, electricity of France . But then they have the east too, with Singapore’s
SPgroup and Japan’s Tepco, plus many others.
But there is one not on that community made GIF, thanks coebar...it’s NV Energy, another
western powerhouse Energy company, which from the NV in its name, you can tell it’s focused
on the state of Nevada.
And, I could tease ya, and lead you around who is the owner of this Energy Company, but
let’s just get it out of the way right now.
Berkshire Hathaway is, as it’s under Berkshire Energy, which means the Oracle of Omaha, Warren
Buffet is behind this energy company…
So, how does this connect to Energy Web?
Well, first we gotta learn that old Buffey boi, is going green, with Solar.
Barron’s covered it, in an article titled “Warren Buffett Is Making a Big Bet on Solar
Power and from the article “Berkshire subsidiary NV Energy will be using the electricity generated
by a 690-megawatt solar-energy plant to be built on federal land in Nevada.
The current record for a solar plant is 579 megawatts.
On Monday, the Bureau of Land Management released an environmental-impact statement about the
project, indicating that it would approve the project after a 90-day period for public
comment.
But it didn’t stop there, they got approved for two separate energy plants totalling another
500 megawatts.
Bringing total power to nearly 1200 megawatts, and 590 megawatt energy storage...this was
called NV Energy’s integrated resource plan, and it includes 3 solar plants, the arrow
canyone solar project, southern big horn solar and storage project, and the big 690 watt
one, is called the Gemini solar and battery storage project...so ya Buffey Boi is betting
on Solar, and green energy.
And the big one is getting ready to go live, Gemini...as just in May of this year, the
trump administration gave it the greenlight, a 1 billion dollar project.
So there is big energy stuff going down in the Desert, and here is where Energy Web comes
in.
Newsdata LLC, covered it in an article titled NV Energy Pilot project to use blockchain
technology!
And the article states, “ NV Energy, the Energy Web Foundation and Sparks, Nevada-based
Blockchains on July 15 filed an update to the Public Utilities Commission of Nevada..PUCN
regarding a pilot project that would leverage blockchain technology to track portfolio energy
credits PECs.
PECs allow renewable-energy producers to earn and sell credits to regulated utilities and
are tracked and traded through the PUCN's PEC trading program.
Uh oh, Energy Web’s got Buffet...and I got the actual document filed.
From docket 18-09008, submitted on July 7th 2020….the docket states...this proposal
was opened all the way back in September of 2018, to determine whether providers of electric
service should be authorized to utilize alternative solutions, including but not limited to, blockchain
based solutions, to track and certify Nevada Portfolio Energy Credits, the PECs..comments
were then filed on April 15th, 2019, and actual workshop occurred on May 16th 2019, then letters
were filed by all in September 2019, next steps June 4th 2020, and here we are today.
So what is the Proof of concept?
Well Nevada Energy explained it in this separate document.
It says, “the proposed POC pilot plan is to utilize blockchain enabled smart meter
to automatically and securely record generated PEC data to an energy web chain.
Through the use of smart contracts and integrated software, the POC pilot will utilize blockchain
enabled smart meters and the generation of PEC, to prove the origin and amount generated,
and to issue digital PECs, Nevada portfolio Energy Credits
So, yes, they are doing something BIG, with Energy Web Chain, and there are some KEY words
in that statement from NV energy we need to pay attention to.
Smart Meter..to automatically and securely record generated PEC data to an energy web
chain...to prove the origin and amount generated.
Smart Meter...origin….hmmmm?
Wellyou guys know, I’ve already covered this.
Energy Web, and Ledger….those who make the Ledger Nano, NanoX and more are creating something
together.
It’s on Ledger’s website, Ledger Origin...a secure hardware element for recording data,
from physical devices, onto blockchains...and we can see from the website, Energy is one
of the sectors, they are focusing on….with one of Energy Web’s big partners.
Engie….
And then going to Engie’s website, and a blog post about the project, called TEO, the
Energy Origin, it says “Data is also encrypted where it's gathered before being transmitted
for storage, preventing it from being altered by anyone who intercepts it.
This is closely related to the technology in Ledger's cryptocurrency wallets, which
store private codes to protect access to a user's digital currency.
That energy data is then transmitted and recorded on the Energy Web Chain.
Which makes sense, because TEO, the Energy Origin from Engie, is the first application
on the chain, as seen here.
So smart meter, and Origin...check, and mate...as one of the suite of tools powering this all,
is EW Origin SDK, which is the developer tool that can issue energy certificates...from
a blog post on the topic “Energy attribute certificates (EACs) are used to prove that
renewables such as solar, wind, or hydro have generated a specific volume of electricity
in a certain place at a certain time”
Now going back to the what Nevada Energy said, “the POC pilot will utilize blockchain enabled
smart meters and the generation of PECs, to prove the origin and amount generated.
It’s obvious...and what I would like to finish this episode off with, is nailing it
in the coffin, with Energy Web, who is going to transform the energy industry, across the
world, but let’s show why here in the United States.
So have you ever heard of Solar Renewable Energy Certificates, SRECs?
These are market-based instruments that represent the property rights to solar electricity generation
and are created for each megawatt-hour of electricity generated from solar energy systems.
Which means there is a tradeable market for these certificates, of which the National
Renewable Energy Laboratory covered, in a research paper titled “Solar Renewable Energy
Certificate Markets: Status and Trends...and they show, the SREC Markets have early stage
implementations in 10 jurisdictions, with 17 having an RPS solar carve out.
RPS?
What is that?
This is the Renewable Portfolio Standards, which says electricity suppliers in their
portfolios, must have and purchase a certain amount of SRECs to ensure they are getting
their power from a mandated percentage of renewable sources
Now, the EPA gave us a good background on RECs, and RPS...but the thing we are interested
in, is the markets trading them.
From the document on verification and tracking systems, it says five regional web based tracking
systems cover most of the US, and one of the biggest is PJM EIS’s Generation Attributes
Tracking System...GATS….who is PJM EIS, well its’ the tech wing of PJM and the PJM
interconnection, the grid operators for all of those states.
Who do you think has partnered together??
Energy Web and PJM…”Energy Web Foundation and PJM-EIS Announce Collaboration to Build
and Evaluate Blockchain-based Tool for a Major U.S. Renewable Energy Certificates Market”...in
the blog states “they announced a landmark collaboration focused on developing and testing
a market-wide reference implementation of Energy Web Origin for the Generation Attribute
Tracking System (GATS) administered by PJM-EIS” The collaboration will focus on the PJM region
of the GATS market, and aims to develop, test, and make available a full implementation of
the blockchain-based EW Origin toolkit….
Which PJM, has a great little infographic on their advanced technology.
And they specifically mention blockchain, the pilot, and energy web!
So this kind of stuff gets me excited, SRECs?
They will be tokenized, and tradeable, through the Energy Web Chain.
And when you see things like this, Tesla filing with the SEC, and having Tesla regulatory
credits, which the sections says this “Many U.S. states have also adopted procurement
requirements for renewable energy production.
These requirements enable companies deploying solar energy to earn tradable credits known
as Solar Renewable Energy Certificates (SRECs).
Then in Regulation-Mandated Renewable capacity, they explains SRECs, RPS...which you see why,
the growth of them selling these is exploding, 594 million dollars in Revenue from it, in
2019 alone.
And guess, who joined PJM, as an associate Member, well going to PJMs member list, and
going to the T’s, there is Telsa….
Well, I hope all of these connections are getting clearer, because things are going
to pick up fast with EWT, once people pick up on what they are doing and with who.
Cheers viewers I’ll see you next time!