Restart Energy, the fastest-growing European energy provider that is building a blockchain-based energy ecosystem, welcomes a seasoned IT specialist and an energy start-up founder Michael Enescu as advisor. Mr. Enescu is a technology leader with proven track record in product and market development across several industries. His portfolio includes extensive experience in AI, streaming data, virtualization, security, open source, database, analytics, video network protocols, consumer devices, edge cloud and IoT. Restart Energy hopes that Mr. Enescu’s proven ability to apply technology, leadership and organizational skills to successful development and deployment of cutting edge products to the market will help the company create a decentralized energy platform for p2p trading that will revolutionize the energy market worldwide.

A Stanford graduate, Michael Enescu spent over 5 years at IBM developing artificial intelligence and knowledge based systems, as well as database systems, storage visualization and application servers. His later appointments include leading positions at such prominent companies as SGI, Sun Microsystems, Palm and Sysco, among others. Mr. Enescu is the founding member of the Linux Foundation and a board member of several world-famous technology companies.

“This is an honor for us; to have Michael on board. His expertise in AI networks is unrivaled. Mr. Enescu’s addition to the team is especially crucial at the moment when we are getting ready to start our MWAT (MegaWatt) token campaign and democratize the energy market with our unique P2P energy trading platform.”, said Restart Energy CEO Armand Doru.

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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.