Chicago startup will help test hyperlocal electric vehicle incentive in California

The city of Sacramento is preparing to test a hyperlocal electric vehicle charging program that will use a Chicago company’s blockchain software to track customer rewards.

The pilot project will offer blockchain-based “tokens” for charging vehicles when there’s a surplus of solar power on the local grid. The value will fluctuate based on the amount of solar being produced within a specific substation.

The project is a collaboration between the Sacramento Municipal Utility Department and a French utility, Électricité de France. It will use digital ledger software from Chicago’s Omega Grid to track customers’ tokens.