Blockchain Startup Won $1 Million

Blockchain Startup Won $1 Million

Spare no expense for a good thing! The U.S. Department of Energy will award a grant of nearly $1 million to a blockchain startup Grid7. The company is developing a decentralized solar power system that can connect energy data from homes, buildings and electric grids in a distributed manner. Colorado-based startup is one of 95 firms that will receive a grant to facilitate development of different industries in the country — thanks to a small business support program (The Small Business Innovation Research - SBIR). Annually more than 2000 projects attract funding this way.