Restart Energy - A Decentralized Future of the Power Grid
Returning to the topic of renewable energy, currently, many people complement the electricity they receive from the power grid with the energy they produce installing their own solar panels, thus reducing electricity costs. Plus there are many small energy companies who use the renewable energy sources like the solar or wind power to produce electricity in an ecologically sustainable way. Unfortunately, the current centralized infrastructure of power grids makes it difficult for the small producers to reach their potential consumers. People who produce their own electricity in addition to the energy they receive from the electric companies cannot fully benefit from it, for example, by selling energy surpluses when they produce more energy than they consume.
An interesting example of a different approach to organizing the electrical infrastructure is Restart Energy - the Romanian electric company using ecologically clean methods to produce electricity. Restart Energy is a licensed provider of renewable energy in EU, currently supplying 30,000 consumers and expecting to generate $20,000,000 in revenues from sales in 2017. The company uses a decentralized model of energy distribution, incorporating many small-scale electricity producers and offering all the participants a possibility to conduct a direct P2P energy exchange. Some consumers who also produce energy, for example, using solar panels can become a company's franchise, selling their own electricity. The company calls their distribution model RED-P - Restart Energy Democracy Platform. For the end electricity consumers the key difference of this model compared to the traditional centralized power grid is the presence of the open market, offering flexible prices and ability to change energy suppliers. Such infrastructure also allows to exclude the intermediaries in the form of utility companies thus further reducing the costs.
All the transactions within the Restart Energy platform are conducted using Red MegaWatt Token (MWAT). Red MegaWatt tokens can be viewed both as the means of exchange and as a potential form of investment. MWAT is backed by the actual value of electric power produced by the network. The prices dictated by the supply and demand are flexible, and as more customers and electricity producers join the network the value of MWAT tokens is likely to grow. Also, a possession of certain amounts of tokens grants the investors the additional privileges in the system. For example owners of 10,000 MWAT tokens and more are given an opportunity to become a Restart Energy's franchise and sell their own electricity via Restart Energy infrastructure. Considering that Restart Energy is a working company with a real industry experience, it has a substantial competitive advantage against other similar projects. The company is planning to expand its operations in the Romanian market of renewable energy as well as at the markets of other EU countries.
From February to March 2018, Restart Energy will conduct an ICO with an aim to distribute 80% of its token supply of 500,000,000 MWT Tokens.
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Authored by: faragly
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