Restart Energy CEO Armand Doru Domuța met today at RED’s headquarters with Paolo Signoretti, CEO of Heliopolis. Restart Energy and Heliopolis are preparing a Joint Venture enterprise that will lead to RED entering the Italian market — one of the top-5 European energy markets.

Paolo Signoretti has been the CEO of Heliopolis Energia for the past 12 years and Restart Energy is looking forward to collaborating with him in RED’s efforts to expand on the Italian energy market.

A leading company active in the renewables segment for over a decade, with a company history of continuous growth stretching back a quarter century, Heliopolis Energia has distinguished itself from its competitors, and offers a full range of services relating to engineering & consulting, asset & facility management, and development of infrastructure & civil engineering and clean energy projects.

Heliopolis Energia also prides themselves with their social responsibility projects, and have helped isolated off-grid areas in Mozambique to generate their own sustainable power, by working together with their partner AMREF. In addition, they also sponsor Ask For Help, Missio Link International and other charitable organizations that assist disadvantaged families and children in Romania.

Armand Doru Domuța (left) met today with Paolo Signoretti (right) to discuss a JV enterprise between RED and Heliopolis for the penetration of the Italian energy market.

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.