There are almost 10 different projects that are working on energy trading, none of them have been able to release a real product so far. I think if one succeed whole group will be alter.
Powell Ledger is the pioneer in the field Gridplus is another well known brand, both of them start testing their products, Power is working in Australia and Thailand, while Gridplus focus on Texas market. I think before RED starts one of those companies will be able to start real trading.
I think RED is miles ahead of them actually.
1. Restart Energy is an established and licensed EU energy & gas supply company operating in 3 european countries, with 30,000 customers, 20 MM USD revenues, 70 employees, 200 commercial locations, 300 franchises, 40,000 paypoints and complete infrastructure and process automation for handling millions of low volume consumers like households and SME’s.
2. Restart Energy has grown 1700% in an extremely competitive environment dominated by vertically integrated energy companies like ENEL and E-On and is as we speak taking 2000 - 3000 new customers per month from such companies because we employed Europe’s first power retail franchise sales model that unleashes the potential of micro entrepreneurs to participate in the energy business as our partners.
3. It’s very important to know that you cannot legally supply electrical energy or natural gas to final consumers without holding a supply license in each country on earth that is deregulated and where you want to supply !
4. Restart Energy is building a global network of licensed energy supply companies with the help of the RED Franchise by supporting and making it simple for people and companies to get a supply license in their home country and start their own power utility all working on the RED Platform.
5. The RED Platform can tokenize energy produced in one country and get that energy delivered through a licensed franchisee in another country without the two countries being physically interconnected.
6. The MWAT tokens have 3 utilities, they give access to trade up to 1000 KW Tokens/Month on the RED Platform for both producers and consumers ; they give access to different tiers of the RED Franchise and to monthly inputs of energy from producers accessing the platform.
7. In addition, the RED Platform awards Crypto Green Tokens to consumers using green energy from the RED Platform as way to further incentivize the use of renewable energy.
8. RED will have first mover advantage and our system is designed to work with existing laws and regulation. The platform we propose is already in use with all clients, minus the blockchain element.
9. Energy Supply and trading is a very technical and complicated activity that requires years of experience and systems in the background. New companies like Power Ledger and WePower do not understand how difficult it is to really penetrate this market. Restart Energy entered the retail market after 7 years of energy production, balancing, dispatching and cross-border trading. Restart Energy has 70 employees to manage the entire set of activities that an energy supply company has to perform including all the reporting to the energy authorities.
