LCG Energy: a stable token by a licensed utility provider drives the adoption of renewable energy sources – record revenue of € 40 mn in 2019

Not too long ago, a well-known European energy firm has introduced its plans to turn out to be the first utility provider to undertake blockchain know-how. With over a decade of expertise, a record excessive revenue of €40 in 2019 alone and greater than 55.000 clients in Germany and Austria, LCG Energy is amongst the greatest energy firms in Europe. The corporate is at present in the course of of buying a number of renewable energy initiatives price greater than €80 million, offering its buyers with inexperienced funding alternatives yielding >20% ROI and permitting it to succeed in a projected revenue of €200 million in 2020.

LCG Energy: the first utility provider to make the most of blockchain

LCG Energy is licensed by the German and Austrian state Federal Community Businesses for Electrical energy, Gasoline, Telecommunications, Posts and Railway. Based in 2008, the firm has been supplying electrical energy and offering companies associated to the optimization of energy consumption to a buyer base of over 50.000 households and small to medium-sized companies. The corporate has subsidiaries in 5 European nations and an estimated revenue of practically 90 million EUR for 2019. Over the years, the firm has managed to chop down the price of electrical energy for his or her clients by 20% in comparison with the market common in Germany, one of the nations with the highest electrical energy costs in world.

Not too long ago, LCG Energy grew to become the first utility provider in the world to undertake blockchain know-how for its operations. The corporate has been engaged on a full-fledged energy ecosystem for the previous two years. What got here out of these efforts is a consequence that surpassed all expectations – a revolutionary integration between Sensible Meters and blockchain know-how that might tremendously enhance the manner the meters function and talk with the utility firm. What’s extra, blockchain permits superior automation by synthetic intelligence and machine studying algorithms, which permits for a significantly better effectivity and decrease operational prices. Final however not least, by utilizing blockchain know-how, utility firms and energy vegetation would have a lot greater safety ranges, which has turn out to be a problem with the elevated diploma of digitization of such amenities.

With their digital blockchain platform, LCG Energy plans to make energy-related companies extra accessible than ever earlier than. Customers can have entry to a big range of completely different companies and merchandise at their fingertips with none geographical restrictions. The platform might be built-in to the Sensible Meters of LCG Energy and can present customers with actual time knowledge reviews on their energy consumption, providing transparency in pricing, which is one of the greatest issues of electrical energy shoppers as a result of perceived informational asymmetries between them and their utility suppliers. Moreover, the platform can even facilitate all funds by the Ethereum blockchain, providing a lot greater safety and comfort.

Empowering renewable energy initiatives

LCG Energy doesn’t cease there. Since its basis in 2008 as an energy contractor, the firm has been continually trying into promising renewable energy initiatives. With its blockchain initiative, LCG Energy discovered a method to drive the widespread adoption of such initiatives even additional. By dedicating 80% of the proceedings collected by way of their crowd sale to investments in extremely worthwhile renewable energy initiatives, LCG Energy is not going to solely shield the worth of the LCG token in the long run by securing it with an asset, however it would additionally present the wanted capital for such initiatives to thrive. As an skilled energy contractor, LCG Energy has the wanted experience to judge the initiatives previous to the funding in them – every renewable energy initiative would bear strict due diligence in addition to a advanced evaluation process that ought to decide its market potential. Solely initiatives which can be enlisted in land registers (which suggests they’re absolutely compliant and managed) can be topic to consideration. The anticipated common return of funding of these endeavors in the first 5 years is projected to be round 20%. 

As a additional measure to assist the worth of the LCG token in the long run, LCG Energy will purchase again LCG tokens from exchanges and burn them, thereby lowering their circulating provide and rising the worth of the buyers’ holdings. The buyback program might be steady with new rounds each six months. This mechanism is used frequently by inventory firms that need to shield their shares in opposition to robust worth fluctuations which may snowball it to zero after a unhealthy brief run, one thing that is quite common on the crypto market as a result of its excessive diploma of volatility.

The LCG Energy ICO

The Preliminary Coin Providing will begin in three phases. With a profitable personal sale and over $10 million invested, contributors can now take part in the personal sale and get a 15% bonus on their funding. In March 2020, the closing third spherical will begin and can finish on April 30.

In case you are in LCG Energy and their blockchain initiative, be sure that to go to https://lcg-group.de/ for extra details about the venture and the firm behind it.

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