GIgajoule Floating Solutions

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Gigajoule Floating Solutions is an electricity generation company. It creates fully operational, gas-based power plants, floating on barges. It uses proven technologies together with Internet of Things (IoT) and blockchain technologies to ensure the highest standards of quality and efficiency. This takes a fraction of the time required for traditional land-based plants, yet rivals or surpasses them in efficiency, reliability and cost.

In addition, Gigajoule is a project that applies state of the art technology in the form of floating power electricity plants. Each floating power plant is mounted on a barge, and it is composed of two SGT-A65 aeroderivative gas powered turbines. The floating power plant has an electricity generation capacity of 132 MW. The technology behind Gigajoule floating power plants is provided by Siemens, and each project is made up of 4 barges with a total output of 528 MW.

The Impending Challenges

At present, it is estimated that up to 2 billion people in the world do not have access to electricity, a figure that is increasing from year to year. This problem is more severe in countries like Nigeria, where less than the amount of electricity needed. In many developing countries where there are electricity transmission systems, power generation obtained through power generation systems is expensive and inefficient. In addition to negativity towards the environment, governments must issue subsidies to get access to, support the negatives for their government finances and budgets.

Renewable energy will have the fastest growth in the electricity sector, providing nearly 30% of electricity demand by 2023, up from 24% in 2017. During this period, renewable energy will get more than 70% growth in global electricity generation, developed by solar PV and followed by wind, hydropower, and bioenergy.

The Solution Offered

Gigajoule will launch a natural gas-powered solution known as the "Floating Power Plant", based on technology developed by Siemens. The Floating Power Plant uses advanced technology in the form of a Siemens SGT-A65 generation unit that uses derivatives from Rolls Royce Trent aircraft engines. Two SGT-A65 gas-fired generating units are installed on a floating platform, with several units deployed at each location depending on demand. This innovative system produces electricity that is efficient, clean, reliable, and flexible. Gigajoule will be regulated in Malta, a pro-blockchain regulatory environment. In addition, ships with the Flag of Malta enjoy registration and tax benefits.

As with other developments in the energy market, changes are largely placed within the borders of the nation-state, mostly where favorable rules and regulations facilitate the renewable energy market. Renewable Energy is largely an unpredictable source of energy. For this reason, the process of integrating renewable energy into the grid rather intensifies the data, inviting challenges and opportunities to find innovative solutions for the calculation, recording, prediction and seamless integration of renewable energy to obtain more environmentally friendly energy.

However, we cannot exclude regions that emit energy that exists in South America and pockets that emit successful energy in Africa, one of the markets developed for alternative energy sources. But that doesn't come without its own problems - there are regions in Africa where renewable energy is easily accessible but it is very difficult to increase the investment needed to build infrastructure and use technology in place.

Floating Power Plants (FPPs)

Natural gas-based power generation

Gas turbines mounted on barges

Can be deployed wherever there is access to the sea

Positioned in lagoons, rivers or harbours

Coupled to natural gas supply and the national transmission system

Natural Gas as Feedstock

Cleanest of all carbon-based energy sources

Gas associated with oil production (as in Nigeria) or LNG (Liquid Natural Gas)

Siemens SGT-A65 Gas Turbines

State-of-the-art turbine technology

Aeroderivative engines

Modularized with generators and mounted in pairs on barges

The Advantages

Mobility

Easily transported by sea and river to locations in need of electrical power

Sustainability

Reliability

Aircraft engine technology, developed under highest standards for reliability and efficiency

Eco-Friendly

Natural gas is the cleanest carbon based fuel.

Longevity

20 year performance guarantee with over 95% availability provided by Siemens

Efficiency

Can be supplied in both open or closed cycle to maximize operating efficiency

The Gigajoule Token

An initial exchange offering (IEO) will be conducted to finance the implementation of the Gigajoule project. A digital token named the Gigajoule (GIGJ) will be issued.

In contrast with most ICOs and IEOs, the GIGJ token will not be a simple utility token, exchangeable for goods or services to be produced in the future. Rather, the GIGJ token is structured as a security: token holders will benefit from the success of the project.

GIGJ token holders will be entitled to receive an annual dividend of 15% of the profits generated by the Gigajoule project, in proportion to their number of tokens.

Token Details

Name: Gigajoule Token

Tech Standard: ERC-20

Symbol: GIGJ

Standard Price: USD 1.00

Total Supply: 65,625,000

IEO Sale: 52,500,000

Soft Cap: 10,000,000

Hard Cap: 50,000,000

Token Distribution

Fund Allocation

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