Restart Energy Paves the way for Future Expansion into Hungary
After taking our first big leap towards becoming a global supplier, by establishing a base of operations in Serbia, Restart Energy has already taken steps to prepare and possibly advance further Balkan expansion.
So far, these have included:
- Partnering with RabatMentor — our newest Romanian type B country franchise has its parent company based in Hungary.
- Partnering with First Biogas International AG (FBI AG), that have several overseas holdings, including First Biogas Eastern Europe Kft. in Hungary. On the 24th April, we accompanied our partner, Daniel Ruch — CEO of FBI AG — on a work visit to the Kerekegyhaza Biogas Plant in Hungary — one of the largest straw to biogas processing facilities in the Carpathian Basin.
The Hungarian market presents a natural expansion avenue for Restart Energy, as our headquarters is in Romania and as mentioned at the start, we have already set up a fully functioning RED subsidiary in Serbia. These partnerships represent our resolve towards further European expansion and strengthen our position to bring affordable, renewable energy backed by blockchain technology into Hungary and beyond.
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 (5,000 new customers in the first two months of 2018), and its 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 buying and selling 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. Upon completion of registration on the platform, an initial loyalty bonus of 0.11 kWh is applied. Producers send out monthly loyalty bonuses through the RED Loyalty System, totaling 1–5% of traded on-grid energy 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 MWAT tokens, in order to qualify for our various franchise tiers — the secret to our award-winning growth as a business!
For more information, please visit our website, our Telegram, and read the Restart Energy whitepaper. Join our announcement channel for updates regarding Restart Energy Democracy.
RED — Send and receive energy, worldwide.
