After extensive planning and preparation, Restart Energy has rapidly established itself as one of the leading energy and gas suppliers. Based in Romania, Restart Energy has pioneered the industry by being the first energy retail franchise in the European Union and, as a company, we are confident that our list of achievements will continue to grow far into 2018 and beyond.

Hard work leads to success

Since we launched in August 2015, Restart Energy has accomplished countless milestones on our journey to become the number one ranked independent supplier in the Romanian deregulated household gas market and number two in the Romanian deregulated energy household market — but it didn’t happen overnight.

Before we could get to the point we’re at now, we went through years of growing and adapting. Following months of hard work and framework-building, in December 2016, we hit 10,000 customers — and things have only continued growing from there. In December 2017, we reached 30,000 customers, and our projections for 2018 are even better.

MWAT tokens

Our MegaWatt (MWAT) token is the first cryptocurrency backed by real opportunity, that gives access to our RED platform. The MWAT token holds electricity like a ‘virtual battery’, beginning at 0.11 kWh and going up to 1 MWh — while also allowing 1 MWh of peer-to-peer tradeable electricity, each month, on our platform. Monthly, producers on our platform donate 1–5% of their power output to a community fund, from where it is further equally distributed to each token.

On the 15th of January, our MWAT Pre-Sale officially began, aimed at raising funds for our Restart Energy Democracy (RED) project’s worldwide expansion. A week later, the Pre-Sale was sold out, followed by the Main Sale clearing all of the remaining tokens within ~10 seconds. It was a huge success for Restart Energy and our MWAT token.

The Foundations of RED

There are three aspects of Restart Energy Democracy (RED) that make up the foundation of our project. They are:

RED MWAT Tokens: Our digital cryptocurrency. They are ERC20 utility tokens and give users access to the RED platform and RED franchise. RED Platform: The RED platform is our blockchain-based, decentralized energy trading software. Users will be able to participate in direct, peer-to-peer energy trading and conduct transactions between consumers and energy producers. Users that buy renewable energy will be awarded Green Certificates. RED Franchise: Excitingly, this is the first power retail franchise that will make it actually easy to start and operate your own power utility company. Token holders are able to develop their own energy company and earn revenue by selling energy to businesses and homes.

Where We’re Headed

The RED concept is revolutionizing how energy is bought and sold. It puts power at the tips of users’ fingers, and it makes Restart Energy the first peer-to-peer trading energy platform. The RED system as a whole is adaptive and aims to bring energy business practices into the 21st century.

Another thing that makes RED so impressive is that it is the first efficient, digital, cryptographic energy trading system to be developed using blockchain technology. In a word, this truly makes it powerful.

We are building a global energy supply platform that democratizes the power utility sector. This is a huge leap forward considering that this segment is currently burdened with bureaucracy and high transaction costs. With RED, we will eliminate these transaction costs and free up capital — ultimately saving both consumers and producers money and helping local token holders become small business owners through our tokenized franchise system.

This peer-to-peer trading will leverage existing infrastructure while integrating in new tools and features that will turn the energy sector into one of the most innovative yet. In fact, you can expect to see it somewhere near you soon. Interested parties are planning to bring the RED franchise to several EU countries, as well as some Asian ones.

In short, Restart Energy’s success sprouts from its commitment to turn power generation into a democratic, transparent, and greener process.

RED — Send and receive energy, worldwide.