what's OpenVPP?
OpenVPP is a blockchain-based platform designed to decentralize and tokenize energy resources, enabling the creation of virtual power plants (VPPs) through open-source routing and validation services. It allows customers, utilities, and grid operators to connect directly, facilitating peer-to-peer energy trading and optimization without traditional intermediaries. By leveraging smart contracts and distributed ledger technology, OpenVPP aims to integrate renewable energy sources into a global network, promoting efficiency and accessibility in the energy sector. The project's core mechanics involve tokenizing energy assets as digital representations on the blockchain, which can be traded, staked, or used for grid balancing. This creates a marketplace where participants contribute excess energy or demand response capabilities, rewarded via the native OVPP token. OpenVPP emphasizes interoperability with existing energy infrastructure, supporting integrations with major stablecoin issuers and public utilities to bridge Web2 energy systems with Web3 innovations. As a first-mover in energy tokenization, OpenVPP focuses on regulatory compliance and partnerships with established corporations, positioning itself to address the growing demand for sustainable energy solutions in a decentralized economy.
OpenVPP V2.0 snapshot scheduled for March 17, 2026.
contract
ethereum
V2.0 snapshot scheduled for March 17, 2026.
The dApp built on Base blockchain has delivered 6.5 MW of power, with EV owners receiving payments in both OVPP tokens and USDC.
The project claims partnerships with Hester Pierce, ComEd, and SmartCar have been cleared, addressing the previous controversy where Hester Peirce denied collaboration claims in September that led to a 50% price crash.
Three whale wallets buy a combined 17M tokens ($375K) in the past month, including one whale with over $10M in holdings acquiring 7.6M tokens.
Partnership with Itron (NYSE: ITRI), a global energy billing systems company, announced at Itron Inspire conference this week with major energy providers attending.
Token completes 90% drawdown cycle from peak levels, with price returning to early launch levels.
The company launches OpenVPP World, an app allowing EVs to plug directly into the grid as onchain assets, with first users already earning $OVPP tokens based on their charging behavior.
The project crashes 50.9% after falsely claiming SEC Commissioner Hester Peirce collaboration, with Peirce publicly denying any endorsement and raising credibility concerns.
OVPP token appears among top weekly swaps on MetaMask, indicating elevated trading volume and user activity.
The company is hiring a VP of Delivery focused exclusively on utility pilots, signaling preparation to scale pilot programs with utilities.
Matt King is organizing a seed round with 4 NYSE-listed conglomerates with combined market cap of $300B, and the team met with SEC Commissioner Hester Peirce. Partnership with Smartcar (serving Uber and Lyft) announced, and Orison Energy joins the Device Alliance Program.
Fully diluted valuation breaks $100M with market cap nearing the same milestone, while achieving top ranking in Energy Coins category on major tracking platforms.
Token $OVPP reaches new all-time high.
Commonwealth Edison pilot program launches to test EV digital payment rails enabling fleet chargers to connect directly to utility billing with instant stablecoin settlement. Circle Alliance Program membership confirmed, providing enhanced USDC payment infrastructure integration.
Circle partnership announced to provide USDC stablecoin payment rails for real-time energy settlement, and Tesla Energy partnerships revealed for hardware layer integration including batteries and solar panels.
Token reaches new all-time high price on Sunday.
New advisor from Exelon Corporation joins the team
Schneider Electric's digital innovation lead Kumara Aditya joins team, establishing connection with $140B energy management company.
Craig C, VP of Transmission Operations at Exelon Corp (NYSE: EXC), joins as investor and advisor.
New EV integration enables two-way power flow, creating virtual power plant without infrastructure investment while compensating vehicle owners.
Private testnet launches with EV charger pilot program across North America, featuring Level 2 and DC fast charging capabilities.
Major partnership reveal with NYSE-listed company scheduled for October 2024. System enables utility account payments and grid operator dispatch capabilities.
Decentralized payment infrastructure for energy sector launches on mainnet with former Exelon executive as founder.