Finally, less than three years after the creation of the company, Restart Energy is fully going global. Our first step towards this was the registration in Singapore. Now, however, we have reached the point where we have set up the first Restart Energy branch that is fully operational outside our headquarters in Romania. It is nothing short of a leap onto a new page within our company’s history.

In more technical terms, Restart Energy recently acquired the Energy Identification Code (EIC) from EMS Serbia, needed to supply energy within the country. Although we possessed the supply license for quite some time now, an EIC code from the Serbian energy network operator was still required to fully commence supplying the country with energy.

With 1700% growth in the first two years of operations, Restart Energy has established a strong presence on the Romanian energy market and we are now making strides to expand throughout Europe and beyond. As presented in our most recent update, Marija Vranic is the Director for Restart Energy Serbia, making her our direct representative within the country. We are proud to welcome Serbia as the first country that can be supplied by Restart Energy, outside of Romania.

Serbia’s energy market is thriving at the moment, with future prospects of development booming and millions of EUR being invested, especially within the area of environmental development. By the end of 2020, Serbia’s market is estimated to contain an additional 1,000 MW of electricity, of which half will be renewable energy — 450 MW of which will be drawn from wind power plants. Further statistical analysis suggests that renewable energy sources will account for 27% of Serbia’s total installed power capacity by the end of 2020.

Wind power potential

Studies performed on wind generation potential revealed that the total power potential from sites, including those able to provide over 5 m/s wind velocity, can amount to 1,316 MW with current technology — this would represent 15% of the current Serbian energy market. With additional wind farms, Serbia’s yearly production of wind energy could be raised by approximately 3 TWh.

Although presently eolian renewable sources are under-utilized, there are several projects that involve the development of wind power plants on the 471.25 km2 with naturally high speeds, such as Midzor (average speed of 7.66 m/s), Krepoljani (6.18 m/s), and Deli Jovan (6.13 m/s) that have been proposed. Of these, 500 MW worth of wind power projects have already been greenlit, to the tune of 700 million EUR, due to new Serbian legislation that supports renewable projects. The largest is the Alibunar project, that aims to develop a wind farm generating 42 MW of power, and is currently under construction.

Hydropower potential

Serbia possesses a substantial hydropower potential of 27.2 TWh/year that could be harnessed from its many rivers, especially the Danube. From that figure, currently 19.8 TWh/year could be used within current limitations. At the moment, Serbia is using 10.3 TWh/year of its hydro potential, leaving a lot of room for sustainable growth, especially within the context of its other renewable sources.

As it stands now, energy originated from hydropower plants represents approximately 30% of entire country’s renewable energy output. Future plans include the expansion of the current hydroelectric usage to 19.5 TWh/year.

Biomass potential

While the wind and hydropower potential is no doubt significant, biomass represents the peak of renewable energy potential in Serbia. Total biomass potential is approximately 3,405 Mtoe (million tonnes of oil equivalent); the largest potential is held by primary organic waste, estimated at 205 Mtoe. Further sources include agricultural biomass, with 1.67 Mtoe from crop production, horticulture, fruit growing and animal husbandry usable detritus and wood biomass, with 1.53 Mtoe (highly utilized in the center of the country).

Plans outlined by the Serbian government project 100 MW biomass power plants being built by the end of 2020 — most of this growth can be attributed to ‘The Development of the Biomass Market in Serbia’ project that was established in 2012 and will receive an estimated 108 million EUR in funding throughout its duration.

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.