Restart Energy Innovative Technologies (REIT) AG, a Swiss-based holding company, aiming to build a future with energy freedom, is raising 7.99 million CHF ($8.56 million) through a sustainable Securities Token Offering (STO) on DAURA—a Swiss blockchain platform backed by SWISSCOM.
According to a press release on November 22, REIT AG will raise funds by offering digital participation certificates. Participants of this STO must prove their continuous efforts in offsetting carbon emissions. As such, they must vividly demonstrate their use of sustainable renewable energy sources that don't emit CO2, damaging the environment.
Expansion and Advancing Renewable Energy Drive
Funds will be used to acquire operational renewable assets besides expanding their energy supply business for Restart Energy One SA.
The latter recently launched and listed a Green Bond on the Bucharest Stock Exchange and continues to be one of the largest green energy suppliers in Romania.
Restart Energy, under REIT AG, is an independent electricity and natural gas supplier in Romania with further presence in Serbia, serving over 50k households and 3k corporate clients. They plan to expand to more European markets like Germany and Spain.
The RED Platform: Carbon Marketplace and Offsetting System
Additionally, REIT AG is also seeking to expand its RED platform to serve the global clientele.
With governments across the globe looking for ways to preserve their environment and prioritize the use of sustainable and eco-friendly energy sources, the RED platform is part of the solution.
As part of the qualifying requirement, investors must open an account on the RED Platform to illustrate that they are net-zero and aren't emitting carbon and its compound to the environment. Using the special tools offered on the RED platform, they will calculate their CO2 emissions. If they are positive, there is an option of offsetting them.
Investors would either have to commit to using more green energy sources or purchase carbon offset certificates from other certified green projects listed on the RED Platform.
Under the Restart Energy brand, the blockchain platform is powered by Zalmoxis—an enhanced fork of Ethereum that uses PoS and PoA as a hybrid consensus algorithm while solving scaling issues concurrently.
The RED platform is interoperable with Ethereum and is energy-efficient, offering an end-to-end tokenized carbon offset system and carbon marketplace for individuals and entities.
Through the RED Platform, users would in real-time calculate their carbon footprints and in exchange receive tokenized carbon credits as NFTs for their positive contribution to environmental conservation.
Reducing Red Tape
REIT AG plans to leverage technology to cut red tape, reducing costs and other inefficiencies as they incorporate traditional and new revenue generation streams.
According to Armand Domuta, the Chairman of the Board of REIT AG, they aim to improve access to sustainable energy ecosystems presently being suffocated by needless capital draining bureaucracy.
"Our goal is to use bleeding-edge technology and innovative business models to democratize a sector burdened by bureaucracy and transaction costs: freeing up capital, saving money, helping local power producers earn more, and laying the groundwork for a sustainable future."
"Experienced in the traditional energy supply business, REIT AG understands that the future of energy production and consumption lies in giving people and businesses freedom to access and participate in a more sustainable energy ecosystem unfettered by bureaucracy and outmoded business models."
Preparing for the Future
Global energy demand will likely double by 2030.
Coupled with the increasing exploitation of finite sources of energy, most of which are fossil-based, governments working together with international organizations are looking for sustainable yet reliable alternatives.
With energy reforms in action, this has opened new avenues for implementing innovative solutions in energy generation and distribution geared for maximum efficiency and interconnectedness.
