Gridplus is going to enable people who live in Texas to be able to pay for their electricity in Crypto currencies which in itself it nothing remarkable. What is interesting is that they are going to allow customers to benefit from buying electricity when it is cheap and provided you have the right tech you could turn off devices such are swimming pool pumps or air conditioning units when demand spikes and electricity prices are high. Customers will be able to pay in real time presumably using Smart Contracts.
Gridplus is a project backed by ConsenSys, which was founded by Joseph Lubin who was one of the key figures behind Ethereum, so no doubt if this proves successful look out for more projects like this in the energy sector elsewhere!
