GIGAJOULE - The Floating Power Solutions
PREAMBLE
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Gigajoule Floating Solutions is an electricity generation company. It creates fully operational, gas-based power plants, floating on barges.
"What began in the world of finance has moved into the power sector. Blockchain, a nascent technology most often associated with cryptocurrency, is a new frontier in the energy space, changing the way power is traded, with new business models for peer-to-peer and wholesale transactions, and a growing number of projects worldwide.
The power industry has undergone a transformation over the past several years, with utilities embracing new technologies, new sources of generation, and relying on data to make their operations more efficient.
Another emerging technology also could be transformative. Blockchain, originally devised for digital currency."
With that being said, Gigajoule uses proven technologies together with Internet of Things (IoT) and blockchain technologies to ensure the highest standards of quality and efficiency.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is GIGAJOULE?
As depicted above and as indicated on the official website of Gigajoule, 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
Powered by resource abundant natural gas or Liquid Natural Gas if needed
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
ROADMAP
IMPLEMENTATION
SEP 2019
NOVEMBER 2019
March 2020
SEP 2020
NOVEMBER 2020
MAR 2021
Establishment and arrangement of a holding company based in Malta
Pre-sale of Personal IEO
CONSTRUCTION
April 2021
July 2021
AUGUST 2022
NOVEMBER 2022
Carry out the procedures for disbursement of construction, administration and control.
OPERATION
JAN 2023
DEC 2042
Electric power supply begins and continues for the next 20 years, based on the Power Purchase Agreement with the Nigerian government.
Meet The Amazing Team
David Gardner: Founder & Senior Engineer
Chris Potter: Founder & Maritime Engineer
Warren Schwartz: Founder & Software Engineer
Russel Schwartz: Founder
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://gigajoule.io/
Telegram: https://t.me/Gigajoule_group
Facebook: https://www.facebook.com/gigajouletoken
Twitter: https://twitter.com/GigajouleT
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.