Restart Energy Officially Registered in Singapore
As of today, February 6th, 2018, Restart Energy is a registered company within the Republic of Singapore.
This is the first step towards a global Restart Energy Democracy (RED) energy network and will allow RED to tap into the energy market of one of the finest and most important commerce, finance, and transport hubs of the world. Household and business clients will soon be able to benefit from Restart Energy’s award-winning business model.
A nation-city, Singapore has won much fame and prestige internationally, especially due to its strong economy and booming international trade. It has won several awards, including: the most “technology-ready” nation (by the World Economic Forum), the city with the “best investment potential” (BERI), and the best international-meetings city (UIA). Worldwide, Singapore also ranks high-up in several key statistics, such as: the third-largest financial centre, third-largest foreign exchange market, the third-most competitive country, third-largest oil refining and trading centre, and even the second-busiest container port.
The current state of the Singapore energy market
To give an overview of the current state of the energy market, quotes from the 2017 Singapore Energy Statistics paper published by the Energy Market Authority of the Republic of Singapore, will be used.
The energy market in Singapore takes advantage of a large amount of energy imports, but has developed its internal energy production significantly within the last 10 years: “Singapore imported 176.3 Mtoe of energy products in 2016, 2.0% higher than the 172.8 Mtoe recorded in the preceding year. […] Overall energy exports grew by 8.0%, from 92.0 Mtoe in 2015 to 99.3 Mtoe in 2016.”
The main form of energy-fuel in Singapore is natural gas, with an overwhelming majority: “In 2016, NG (natural gas) accounted for 95.2% of fuel mix. Other energy products (e.g. Municipal Waste, Biomass and output from Solar) accounted for 2.9% while the rest was contributed by Coal (i.e. 1.2%) and Petroleum Products, mainly in the form of Diesel and Fuel Oil (i.e. 0.7%).”
As is to be expected from such a well to do country, the total demand for energy has risen constantly in recent years: “Singapore’s total electricity consumption rose by 2.3% from 47.5 TWh in 2015 to 48.6 TWh in 2016”
Regarding renewable energy sources, solar adoption has starting to pick up momentum in Singapore: “Grid-connected installed capacity of solar PV systems sharply increased from 25.5 MWac in 2014 to 46.0 MWac in 2015, and subsequently to 99.9 MWac by the end of 1Q 2017 […] There were 1,898 systems installations as at the end of 1Q 2017.”
About Restart Energy
Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month, and it’s impressive growth: 1700% from 2015 until today.
Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, based on its proprietary virtual balancing system, that uses A.I, Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens.
The RED-Franchise is the first power retail franchise to simplify and allow any company or entrepreneur to operate their own power utility enterprise, enabling them to start selling energy in more than 35 deregulated energy markets globally.
MWAT tokens are crypto-tokens that enable the virtual storage and trade of up to 1 MWh of electricity per month on the RED-Platform Software and will facilitate the development of affordable clean energy, through free-market practices. They come pre-charged with 0.11 kWh and get monthly free energy from a special community energy fund that is charged with 1–5% of total grid power — this energy is transferred by producers and suppliers in a special community energy fund in exchange for access to the RED platform.
Importantly, it should be noted that potential franchise partners will need to own (this is not a form of payment to us) a certain number of RED MWAT tokens, in order to qualify for the various franchise tiers — the secret to Restart Energy’s award-winning growth as a business!
For more information, please visit the website and read the Restart Energy whitepaper.
RED — Send and receive energy, worldwide.
