IEO Gigajoule

in ieo •  last month 

Gigajoule was born as an answer to the problem of access to electricity, which affects millions of people around the world, but this problem is especially acute in African countries. The current model of electricity production in these countries uses various power plants, many of which are economically and environmentally unsustainable, however, despite their unsuitability, their aggregation is far from being able to satisfy the growing demand for electricity. Gigajoule is a quick generation and deployment system that can expand existing generation capacity in developing and developed countries.

Gigajoule's main market is Nigeria. As mentioned earlier, Africa is a market with the potential for a diverse mix of green energy. The company combines gas-based production. Nigeria was chosen as the main market because of its growing population, and also because of the abundance of natural gas, which, however, is burned in vain and not used enough. At the same time, the country promises to become Africa's largest economy, generating large amounts of energy to meet demand in the coming decades. A project like Gigajoule will help Nigeria overcome the unemployment crisis that spreads through education and employment programs for those in need.

Gigajoule is a project that uses the most advanced technology in the form of power plants in floating power plants. Each floating power plant is mounted on a barge and consists of two turbines with a gas engine SGT-A65. The capacity of the floating power plant is 132 MW. The technology underlying Gigajoule floating power plants is provided by Siemens and each project consists of 4 barges with a total capacity of 528 MW.

Electricity, for the most part, is a worldwide utility that is easily accessible to consumers. But when it comes to the energy industry as a whole, conditions turn into strict regulation, a monopoly, or even complete chaos. Electricity production itself is only half the battle — using existing networks, matching supply and demand and reducing greenhouse gas emissions from their production is a difficult task.

Gigajoule working principle

Gigajoule is ready to implement three projects with a capacity of 528 MW each at various facilities in southern Nigeria, in the immediate vicinity of the gas supply and electricity evacuation infrastructure.

Significant work has been done at each of these facilities to secure production licenses electricity, confirmation of studies on gas supply and transmission of electricity. Additional work includes preliminary environmental approvals, design of floating facilities and infrastructure, confirmation of economic viability, and necessary precursor negotiations to conclude an electricity purchase agreement with the federal government.

Nigeria alone has direct demand for another 10,000 MW. In the rest of Africa, direct demand is 20,000 MW. Worldwide, with the exception of Africa, demand is estimated at another 30,000 MW.

Floating power plants using SGT-A65 engines have several important advantages:

  • Location flexibilityTwo SGT-A65s are mounted on a floating barge, thus creating a complete mobile propulsion system.
  • A much smaller footprint is required than for land-based power plants. This provides many options for locating FPPs as close as possible to gas supply and local infrastructure for evacuating electricity.
  • Ownership of FPPs is always maintained. These assets can be deployed on other sites, if necessary.
  • The speed of manufacture, installation and commissioning is faster and easier than that of ground-based counterparts.
  • Gigajoule floating power plants will be assembled at Appledore Shipyard UK with an indoor dry dock allowing production throughout the year.
  • After the floating power station arrives at the deployment site on a heavy ship, it will be connected to the gas supply and mains in a relatively short time.
  • Simultaneous creation of ground infra structures for FPS units, dock, gas pipelines, substations and power lines.
  • The savings from scaleFPP modules are deployed in groups of four per site, although this can be increased or decreased depending on requirements
  • In a typical deployment configuration, eight SGT-A65 Modular Generator Sets in operation mean that maximum availability can always be maintained for a typical twenty-year life.

Key IEO details

  • GIGJ = 1$
  • Soft Cap: 10 000 000$
  • Hard Cap: 50 000 000$
  • Pre-sale IEO: 01.10 - 20.10

You can study the concept of the project in more detail and find answers to all your questions you can on official resources, which, as always, are waiting for you at the end of the article. Good luck!

Additional Information:








ETH: 0xf2Dd36F43f4Dff3A3B720173A9928D8f58d4397B

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Think this is a very promising project, due to the fact that the company has a clear strategy of how to make the cryptocurrency available for mass consumption. Guys, I recommend not to miss the chance to capitalize on this project.

The team has a huge community!

This company looks very worthy and interesting, I think it has a great future. I believe in the future of this project.

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