Ochsner Interests, Inc. has announced plans to launch a blockchain-enabled pilot program within the Electric Reliability Council of Texas (ERCOT). Developed in partnership with two competitive retail electric providers (REPs), the initiative is designed to enable direct customer ownership of utility-scale clean energy generation.
According to Ochsner Interests, Inc. the pilot will target 500 megawatts (MW) of capacity and 50,000 participating customers. Project output will be recorded on a distributed ledger, providing transparent settlement and streamlined financing for both customers and investors.
"Evolving ERCOT market structures create opportunities to deliver lower retail costs and expand customer choice, while legacy contract models have limited consumer access to cost-effective generation," Ochsner Interests, Inc. shared. "Through fractional ownership models, residential and commercial customers will be able to hold stakes in utility-scale generation projects alongside institutional participants."
The pilot will also integrate structured risk management features, including irradiance-based insurance and delay-in-start-up coverage. These measures are designed to enhance project resilience, expand financing options, and reduce barriers to consumer participation. By aligning long-lived genration assets with retail offerings, the pilot will enable REPs to introduce long-term supply products at competitive rates, addressing the limitations of traditional short-term retail contracts.
"Ochsner Interests is committed to reshaping how customers access and benefit from clean energy markets," said Preston Ochsner, Founder and CEO of Ochsner Interests, Inc. "This initiative is designed with the potential to lower costs, expand choice, and mobilize private capital to support the energy transiton in ERCOT and beyond."
The pilot represents a significant step toward integrating blockchain, customer ownership, and renewable energy development in Texas, one of the fastest-growing clean energy markets in the United States.
