building onchain market products @openvpp @gridrailsai | ex: @schneiderelec @exelon | nfa/dyor
San Francisco, CA
Joined June 2024
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Smart money always says "buy the fear, sell the greed," but trust me, it's easier said than done. I might be biased, but right now is one of the best moments in history to be a long-term investor, and here's why.
Stocks just had a brutal week. Alphabet had its worst trading day ever and lost close to $500B in market value, the second-biggest one-day wipeout for any US company. A day later Intel fell more than 25%, its worst day since 1974, erasing about $145B. Reddit dropped 25%, its worst day as a public company. Add a Fed that held rates with two members voting to hike, and the VIX sitting above 20 heading into the midterms.
Crypto got hit even harder. Binance, the largest exchange in the world, disclosed a $6.3B hack, the biggest in crypto history, which blockchain analysts have tied to North Korea. More than $600M in leveraged longs got liquidated in a single hour. Bitcoin lost $80K and is sitting around $77K, total market cap is down to about $2.57T, and the Fear & Greed Index is at 26, one point from extreme fear.
When it feels this bad, I start paying closer attention. I think we're at or near a bottom, and days like this are where a lot of long-term wealth gets built. I'm not sitting this one out. I'm betting on myself, by God's will, and I'll share what I'm buying and why.
🌐 Plus what's next with the Internet of Energy Network ...
That's why I'm starting my personal Telegram channel, Parth's Market Pulse:
t.me/parthsmarketpulse
Whether I'm winning or losing, I'll post it and explain how and why.
Not financial advice.
GM happy friday frens. A good day to DCA on some dips and touch some grass.
This is what I bought so far this past week:
Stocks:
$DRAM
$QQQ
robinhood:0x117cc2133c37b721f49de2a7a74833232b3b4c0c
$TSLA
Crypto:
bitcoin:native
ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933
base:0x8c0d3adcf8ce094e1ae437557ec90a6374dc9bdd
I have no exposure to $ZEC or $LIT yet in crypto but might get those or continue to add to current bags here if we go lower 🤞
The Zentro card has been a game changer for me.
No KYC, 2% cashback, use wherever Visa is accepted.
Use my referral code to get started:
zentro.finance/?ref=77840
Buy the fear
There it is.
Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs.
Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their highs.
We are in a "stealth" bear market.
And, we believe it's a huge opportunity as we outlined below on October 15th.
Elon and Chamath are describing the same problem from two sides.
Elon: AI-only offtake isn't bankable. Chamath: power delays will strand what does get built.
The grid data backs both.
The scale of the power problem:
• ERCOT alone is tracking ~474 GW of large-load requests, ~90% data centers. That's more than half of total US peak demand, sitting in one state's queue.
• Nationally, ~2,060 GW of generation and storage is still waiting to interconnect (LBNL, end of 2025).
• Data centers went from 4.4% of US electricity in 2023 to a projected 6.7–12% by 2028 (DOE/LBNL).
Most of that queue will never get firm power on the timeline the GPUs were financed against. That's your 2027 stranded compute.
The offtaker problem makes it worse. Lenders are discounting 5-year contracts from cash-burning model companies. They want revenue independent of AI.
The grid can provide both the power and the revenue, if data centers stop acting like rigid 24/7 load. Duke's Nicholas Institute found the existing grid can absorb ~76 GW of new load if it curtails just 0.25% of the year, ~98 GW at 0.5%. PJM alone has ~18 GW of that headroom.
Bitcoin miners proved the model in ERCOT: energized land, curtail on price, get paid by the grid. AI compute paired with orchestrated DERs (storage, onsite gen, flexible load) can do the same: energize sooner, and earn a utility-grade revenue stream that doesn't depend on an offtaker paying its bill.
The missing piece is trust. Lenders and utilities need metering and settlement they can underwrite, proving a site actually curtailed and paying for it in hours, not quarters.
This is where tokenization of energy and compute come in with load based electric rates based on NMP and demand source.
The winners in 2027 won't just have GPUs, they’ll have power, flexibility, and a second offtaker: the grid.
As someone with a portfolio of energized land assets here is what I am seeing:
1. Neoclouds are disorganized and poorly capitalized. Some are definitely better than others however.
2. Hyperscalers are intractable, bureaucratic organizations that take 3 months to do an NDA and want 18mo escrow periods. We built our portfolio by competing against these terms because of our speed and simplicity. The more future assets orgs like ours win, the bigger the problem for the hyperscalers downstream (see 3).
3. There are delays in the existing pipeline that will catch people off guard in 2027. Hyperacalers will (obviously) react by focusing on their own internal compute needs over any third party. If the third party is a model company, they will tell them to go through their model router where they will also take a non-trivial vig. Them telling Ant they have no compute for them (rumored in Ant’s S-1) if true is a huge tell that this is already happening.
All of this is to say that it does look like there will be a lot of partially stranded compute and compute sitting in inventory in 2027 than is currently forecasted. This is bought and paid for but effectively underearning (below total cost of capital) or collecting dust. We see this as true for everyone - model companies, hyperscalers, neoclouds except ONE (you can guess which one).
This dislocation will benefit two kinds of orgs: the non-bureaucratic big scalers who can build industrial scale quickly and the nimble, well capitalized players feeding them.
2027 will be a turbulent year because it will clear out a bunch of wrong/bad bets. It will also be a consolidation year for a few.
Never been prouder of The Internet of Energy.
🌐 app.openvpp.energy/world
Despite volatility in the crypto markets, the OpenVPP team has kept building on World: over 1 GWh of tokenized flexible, dispatchable capacity and $30M in distributed energy assets as RWAs.
🌐 world.openvpp.energy/
Earlier this week, the team and community held a voice chat in the Telegram community and answered many open questions and discussions. Telegram remains the main channel for community-wide updates, so stay tuned for the next one: t.me/OpenVPP
We've also published updated docs and a refreshed roadmap as requested: openvpp.gitbook.io/openvpp-d…
Given the recent downturn, we've reduced headcount across the team and updated our website: openvpp.energy/
The $OVPP token was recently delisted from MEXC due to factors related to volume, liquidity depth, macro markets, and many factors outside of the team's control. The token remains available on Aerodrome. Any changes to this will be communicated via the team within the proper channels. Always be safe and DYOR.
The Internet of Energy continues to focus on advancing the tokenization of energy and we will continue to put our best foot forward.
This is the most underappreciated shift in energy right now.
For 40 years, efficiency was the grid's silent capacity source. LEDs, better motors, and more flops per watt let us grow the economy without growing the load.
Utilities planned around flat demand, and that assumption shaped everything: rate cases, capital plans, interconnection queues.
That era is over. Compute, EVs, heat pumps, and industrial electrification are all arriving at once, and they're arriving faster than we can permit and build new generation and transmission.
So what replaces efficiency as the lever?
🌐 Flexibility - app.openvpp.energy/world
The same loads driving growth are also the most controllable loads we've ever put on the grid. EVs can shift charging. Batteries can discharge at peak. Thermostats and water heaters can pre-heat or pre-cool. Millions of these devices are already installed behind the meter today.
The bottleneck isn't the hardware. It's orchestrating those devices at scale, measuring what they actually delivered, and settling it so utilities can trust it like a power plant.
Efficiency let us use less. Flexibility lets us use the grid we already have, better.
That's the cheapest MW available, and it's sitting in people's garages.
.@heronpower CEO Drew Baglino on the 40-year streak that kept US electricity flat while the economy grew, and why it just ended:
"We benefited from energy efficiency from the '70s... until like the 2010s. You saw efficiency everywhere... And all of that energy efficiency more or less negated the growth in energy services."
"The energy services were growing over time in the United States, but the net electricity delivered to accomplish those energy services stayed basically flat. And the same thing even happened in data centers."
"If you look at the efficiency of compute, even with all the AI things that are going on, in terms of flops per watt, it's really gone up an immense amount from the first data centers to today."
"And that has allowed more and more compute capability for the same percentage of GDP electricity production."
"Now it's changing... We are seeing electricity growth higher than it's ever been before. And that's not just because the benefits of energy efficiency are tailing off, it's because we are seeing broad based demand for more electricity: compute, transportation, industrial electrification."
"Electricity as a carrier is incredibly flexible... whether it's for intelligence or for heating, I see it as a great thing and wanna accelerate it."
@baglino @heronpower
What if flexible capacity could be used to power AI factories.
A global exchange between energy and compute.
#NVIDIAInception X Grid Rails AI
We’re excited to share that Grid Rails AI has been accepted into the NVIDIA Inception Program #NVIDIAInception
It's 5pm on the hottest day of the year. The electric utility needs 2.1 MW on one feeder, and it needs it in the next two hours.
Nobody picks up a phone.
AI agents acting for megawatts of flexible capacity, see the request and bid their assets in. One agent turns down a bid because the price is below what its owner will accept. The winning grid assets are dispatched in seconds.
Every kWh they deliver is metered, checked against a baseline, and attested on-chain. When the event ends, homeowner wallets are paid in USDC, split automatically, with no invoices and no 90-day waits.
Verified data plus programmable money: that's how the grid edge starts running itself.
The Internet of Energy.
Reprioritizing affordability for grid modernization starts at our agentic onchain metering platform for DERs.
@GridRailsAi, the IP license partner of @OpenVPP, is pitching alongside this lineup of the world's most promising startups to the most influential sponsors in energy.
🌐 gridforward.org/conference/g…
Together $OVPP x GR AI have tokenized over 1 GWhs of flexibile capacity onchain for the next generation of our electric grid operations.
--> Batteries, EV chargers, smart panels, thermostats and solar inverters stream interval telemetry signed at the edge.
--> Each reading is minted onchain as an ERC-1155 token on EVM, with one standard covering many asset types and event classes.
--> Agents on each device respond to grid signals, verify delivered flexibility and settle via machine-to-machine nanopayments.
Utilities gain a verifiable, auditable record of every kWh shifted or shed. Customers get paid per event in real time. Aggregators and OEMs plug into one open and trustless settlement layer.
Affordable capacity, measured and settled at the edge.
See you at GridFWD.
Cliff Lodge, Utah Sept. 29 - 30th.
The Internet of Energy.
See you at GridFWD ⚡️
The #GridFWD 2026 Grid Innovation Pitch Competition is coming up!
This competition asks emerging companies to explain how they can improve grid operations and reduce price pressure.
@GridRailsAi
@gridvar
@PilaEnergy
@TreeswiftTech
Amazing work VPPs 🫡
3,968 registrations. 1,239 projects. 12 finalists.
Meet the hackathon finalist teams that are heading into the @arc Programmable Money Accelerator!
Eight weeks of workshops, 1:1s with the Encode team and a Demo Day in front of investors in November.
Kicks off today at 4pm!
Find out more👇
encodeclub.com/programmes/ar…
ALT Meet the Arc Accelerator cohort: logos of the 12 teams from the Programmable Money Hackathon entering the Programmable Money Accelerator by Arc and Encode Club, kicking off 21 September 2026.
We had an incredible time at Arc mainnet launch in NYC. We discussed what’s next for @OpenVPP with @samconnerone on the developer pre show.
We’ve already tokenized over 1 GWh of globally distributed energy assets as RWAs on @arc.
Next comes the strategic dispatch of these assets with our institutional electric utility partners at the grid edge.
More to come, join the clean energy revolution by adding your EVs, smart thermostats, solar, and energy storage systems: arc.openvpp.energy
🌐 $OVPP The Internet of Energy.
🌐
Arc Mainnet is live.
Arc launches as the Economic OS for the internet: an open platform for global markets, real-time value movement, tokenized assets, and agentic economic activity.
Arc is more than a blockchain.
It launches as a full-stack financial platform with assets, applications, interoperability, developer infrastructure, and Circle platform services live from day one.
Arc delivers USDC as native gas, deterministic sub-second finality, EVM compatibility, and institutional validators.
It integrates with Arc Studio, App Kits, Arc Portal, Circle Agent Stack, CCTP, Gateway, CPN, and StableFX.
A complete economic platform at genesis.
Arc launches with infrastructure for:
→ Agentic economic workflows
→ Lending and borrowing
→ Trading and liquidity
→ Onchain FX
→ Payments and settlement
→ Tokenized assets
→ Exchanges, wallets, custody, compliance, data, and developer tooling
190+ institutional and ecosystem builders are building across Arc.
p2p onchain is almost here ..
prompting @arc agentic rails:
build fleet storage network and automate 3 hour M&V by min.
$OVPP $USDC $USDE ERC 1155s internets of programmable energy & money.
See you at the Pre-Show 🌐
The Dev Community Pre-Show is pulling up 🔥
Join us 9.16.26 from 11:30am-1:30pm ET for cameos, special guests, surprise drop-ins from Architects and much more!!!
Don’t miss the warm-up for the main event.
community.arc.io/home/events…
Arc is where the agents go.
@arc goes mainnet on September 16.
Twelve founding validators: Circle plus BlackRock, DTCC, ICE, Mastercard, Visa, Standard Chartered, MoneyGram, Galaxy, Global Payments, SBI Group, and Sumitomo.
More than 100 ecosystem and institutional builders already on private mainnet, stress-testing stablecoin payments, tokenized asset issuance, global FX, and agentic economic activity.
BlackRock is expected to deploy BUIDL. DTCC tokenization work begins in H2 2027.
The design choices tell you who it is for. Fees payable in USDC. Sub-second finality. Predictable transaction cost. Compliance and reliability requirements built for institutions without closing the network to permissionless deployment.
Agents as first-class users is the part most people are underweighting: an agent transacting on behalf of a machine, a household, or a meter needs deterministic cost and instant finality far more than a human does.
Human traders tolerate variance — Autonomous systems do not.
That is why Arc matters for the sectors nobody puts on a chain chart.
The read in the room:
Three chains, three jobs, and they are not competing for the same builder —
Robinhood Chain owns the retail tokenized equities meta and just invented a liquidity primitive nobody had.
Solana owns culture and is quietly becoming Wall Street’s high-throughput ledger.
Arc is the institutional and agentic settlement rail, purpose-built for payments, tokenized assets, and machines that transact.
Arctember has begun.
Great to be mentioned for our work towards on CLARITY and what we'd like to see from Congress heading into midterms @CryptoSlate
cryptoslate.com/what-the-344…
1,000+ Metric Tons of CO2 Offset from Planet Earth.
It's like taking 230+ gas cars off the road for 1 year.
We're excited to share that OpenVPP World has surpassed 1,000 Metric Tons of CO2 Offset.
🌐 world.openvpp.energy/
This is equivalent to:
~Taking approximately 230 gasoline cars off the road for one year.
~The annual energy-related emissions of approximately 130 homes.
~CO₂ emissions from burning about 112,500 gallons of gasoline.
~CO₂ approximately 16,700 urban trees would capture in one year.
~The emissions from driving an average gasoline vehicle approximately 2.54 million miles.
~2,000 round-trip economy flights, roughly comparable to the emissions from thousands of passenger flights, depending heavily on route and methodology.
~1 million kWh of electricity, comparable to the CO₂ emissions associated with around 1 million kWh of U.S. electricity generation, depending on the grid mix.
~Equivalent to the emissions from burning about 112,500 gallons of gasoline.
base:0x8c0d3adcf8ce094e1ae437557ec90a6374dc9bdd The Internet of Energy.