Starpower is a decentralized energy network that integrates energy storage batteries, home EV chargers, electric vehicles, household devices, and more into a unified DePIN network that can dynamically respond to the demands of the power grid.

In the late 1990s, the concept of Virtual Power Plants (VPP) began to take shape in Germany. The idea behind VPP is quite exciting: Instead of having a handful of power plant owners (such as ConEdison in US) get paid lots of money to keep the city power grid operating, why not aggregate the energy resources from numerous small-scale sources? These could be coordinated through grid operations to match the reliability and economic value provided by traditional power plants. Although the concept was appealing, the necessary catalysts were missing at that time. However, over the last decade, several key developments have emerged:

• Solar Energy: Solar panels have become incredibly affordable, making solar energy the primary source of clean power.

• Home Batteries: With the increase in solar panel installations, home battery technology has significantly advanced, enhancing energy storage capabilities.

• Innovative Products: Companies like Tesla have introduced products like the Powerwall, allowing California households to sell their unused solar energy back to the grid during peak demand times, thus earning incomes.

• AI and Electricity Demand: The surge in AI technology has exponentially increased the demand for electricity.

I met Laser Ding, the CEO of Starpower, through my Chinese entrepreneurs circle last summer. The idea didn't register with me initially until I learned about the Tesla Powerwall. When I met Ding again late last year, I jumped on the opportunity to become an investor. Here are the reasons why I think it's a good bet:

• Market Demand: Starpower has demonstrated a demand side for its marketplace, which is often lacking in DePIN projects. And the demand is huge.

• Token Incentives: Tokens have proven effective in bootstrapping the supply side of a marketplace.

• High Switching Costs as a moat: Convincing people to invest in batteries or EV chargers is challenging, but once installed, the cost of switching to another system is high.

• Market Structure: The energy infrastructure market isn't a winner-takes-all scenario; it's influenced by local regulations and geography, suggesting there could be multiple successful players globally. I hope Starpower can be one of these winners.

I am excited about what lies ahead for Starpower. Onward!

Starpower is a decentralized energy network that integrates energy storage batteries, home EV chargers, electric vehicles, household devices, and more into a unified DePIN network that can dynamically respond to the demands of the power grid.

In the late 1990s, the concept of Virtual Power Plants (VPP) began to take shape in Germany. The idea behind VPP is quite exciting: Instead of having a handful of power plant owners (such as ConEdison in US) get paid lots of money to keep the city power grid operating, why not aggregate the energy resources from numerous small-scale sources? These could be coordinated through grid operations to match the reliability and economic value provided by traditional power plants. Although the concept was appealing, the necessary catalysts were missing at that time. However, over the last decade, several key developments have emerged:

• Solar Energy: Solar panels have become incredibly affordable, making solar energy the primary source of clean power.

• Home Batteries: With the increase in solar panel installations, home battery technology has significantly advanced, enhancing energy storage capabilities.

• Innovative Products: Companies like Tesla have introduced products like the Powerwall, allowing California households to sell their unused solar energy back to the grid during peak demand times, thus earning incomes.

• AI and Electricity Demand: The surge in AI technology has exponentially increased the demand for electricity.

I met Laser Ding, the CEO of Starpower, through my Chinese entrepreneurs circle last summer. The idea didn't register with me initially until I learned about the Tesla Powerwall. When I met Ding again late last year, I jumped on the opportunity to become an investor. Here are the reasons why I think it's a good bet:

• Market Demand: Starpower has demonstrated a demand side for its marketplace, which is often lacking in DePIN projects. And the demand is huge.

• Token Incentives: Tokens have proven effective in bootstrapping the supply side of a marketplace.

• High Switching Costs as a moat: Convincing people to invest in batteries or EV chargers is challenging, but once installed, the cost of switching to another system is high.

• Market Structure: The energy infrastructure market isn't a winner-takes-all scenario; it's influenced by local regulations and geography, suggesting there could be multiple successful players globally. I hope Starpower can be one of these winners.

I am excited about what lies ahead for Starpower. Onward!