Story image

Nelson not-for-profit electricity provider accepting payment in Bitcoin

15 Jan 18

Nelson-based power retailer NextGen Energy has announced that it is now accepting Bitcoin for payment of electricity bills.

The social enterprise company operates as a not-for-profit, donating all net profits to local schools and charities.

The company grew out of a number of solar energy-related programmes being developed in Nelson when it became clear that the main power companies were really not all that interested in pursuing the development of solar power as an addition to NZ’s renewable energy supply.

This seeded the idea for the creation of a new dedicated and sustainable retail power company - one that was focused on growing solar power as a part of NZ’s renewable energy targets, and also focused on providing financial assistance to those struggling with ever-increasing power prices.

“NextGen Energy is creating disruptive opportunities within the NZ electricity sector, and actively pursues the adoption of new technologies,” says CEO Tom Wheatley.

“We’re already supplying power to a number of cryptocurrency mining operations, and the ability to pay for the power in Bitcoin simply makes sense. We are now extending this option to all our customers.”

NextGen’s goal is to ensure that the profits generated by the new power company were distributed equitably, and so its business for social good operating model was created to financially support local schools and charities.

NextGen also helps its customers become more energy-wise.

It actively works with customers to use less electricity and therefore pay less and become more energy efficient.

The company is also active in developing blockchain-based technology applications for data transfer, meter reading and peer-to peer-trading applications, as well as electric vehicle charging payments.

NextGen Energy is one of three related entities that make up the NextGen Group of companies. 

Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.