Energy Web Token is the native cryptocurrency of the the Energy Web Chain, and is used together with the Energy Web Decentralized Operating System (EW-DOS). The platform is intended to be an open-source software platform that will increase the transparency and flexibility of energy grids. The foundation that created the Energy Web Token also hopes to leverage blockchain to support clean energy initiatives and tracking carbon emissions. Their operating system uses decentralized registries that are integrated with IT systems to enable energy related transactions between consumers, grid operators, and retailers.

Grid+ is developing a crypto-currency enabled IoT device that uses the Ethereum blockchain to give consumers direct access to wholesale energy markets. This will decrease costs and greatly improve overall efficiencies in the energy market.
The company has created a GridPlus Agent device, which is a secure general purpose computer that can communicate with the Ethereum blockchain. It automates payments and eliminates intermediaries.
The platform also enable users to give back to the energy grid and utilize real-time power purchasing decisions, which further reduce energy prices. GridPlus is fueled by the GRID token.