Ochsner Interests To Launch Blockchain-Enabled Pilot, With Two Retail Providers,

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Ochsner Interests, Inc. is set to launch a blockchain-enabled pilot project in the Electric Reliability Council of Texas (ERCOT) in collaboration with two retail electric providers. The initiative aims to empower customers by allowing them to directly own stakes in utility-scale clean energy generation, targeting 500 MW of capacity and 50,000 participants. The project's output will be recorded on a distributed ledger, facilitating transparent settlement and streamlined financing.

The pilot seeks to leverage evolving ERCOT market structures to reduce retail costs and enhance customer choice, addressing limitations of traditional contract models. With over 160,000 MW of solar capacity under study in ERCOT, the project presents significant opportunities for residential and commercial customers to invest alongside institutional players. Additionally, the platform will incorporate risk management features to bolster project resilience and support customer financing, ultimately aiming to reshape access to clean energy markets and drive the energy transition.