Solarex

About:

The Global energy demand has created a huge market which has seen countries requiring more energy to power their infrastructural developments and create an enabling economic growth over the past two decades. Solar power technology which has gained global acceptability has ultimately become the main driver in the energy market, with developed countries deploying its potential in boosting its renewable target.

The creation of blockchain technology has further accelerated solar energy penetration in the energy market. Speaking about blockchain and solar technology together is like a breath of fresh air for humanity. Technology itself empowers us to conduct business transactions efficiently and safely, build open and fair energy governance system, build network of reliable business partners and speed up welfare around Africa, which coincidentally has one of the poorest power generation records globally. In cryptocurrency space, the base technology has become a great enabler for many conventional businesses and energy is one of such space. But there is still a human factor, which may be the reason humanity fails blockchain revolution. Fraud, theft, phishing and even personal incaution pose a threat to the emergence of this new technological innovation. Over the years, there has been substantial improvement in security aspect of blockchain space. Now users are secured with the all-important technology solution.

While Solar power business is becoming a buzz words in these days across major countries in the world, very few understands the core issues of people. There are two key issues which are beyond other issues facing the nation. These are financing and reach. People need power for daily living, but they hardly can afford such big investment in the absence of a stable grid power. The other issue is to extend the reach in remote area in a structured manner which can be efficient yet simple for users and the business owners. For every business, it is Solarex (SRX) - new generation blockchain technology enabled Solar Power Solutions essential that investment and sales revenue must be protected from misuse. Here comes an innovative solution which is conceived in the business model of SOLAREX. This is a futuristic, technology enabled and secured framework of tomorrow’s solar global business with special focus on Africa, Asia and South America. The blockchain technology is adapted to much needed security around transaction and metering of solar power in decentralized mode. At the same time, funding is planned via launching of Solarex utility token to generate financing for leasing of Solar PV. This way, people can have access to clean and affordable power mostly opex model and pay for only units, they consume. Our integrated solution is going to begin a new era where everyone can access to energy in a secured manner.



Intro:

Around one and a half billion people worldwide do not have access to electricity and over 3billion rely on primary biomass for cooking. This number excludes another billion that have no choice but to depend on fossil fuel electric generators for day to day electricity. Africa countries ranked in the top 10 of lowest access to electricity and over 90 percent of people in Africa Countries users biomass for cooking or Electricity generators that burn fossil fuel. Indoor air pollution from carbon monoxide in stoves is a leading cause of adults and children mortality in developing countries, and this value is ahead of malaria and tuberculosis combined. In Nigeria, foraging energy supply has lead over 60million Nigerians to own fossil fuel generators spending more than N3.5billion annually on the generators. Millions of others residents at remote location far from the reach of the grid. Lack of electricity is significant as it hamper economic growth and hurt investors confidence



Milestones:

Q1 2017

Concept Formulated. Market Feasibility Assessment .

Q2 2017

Research and Evaluation. Data Analysis.

Q3 2017

Business Model Initiated. Team Building Initiated.

Q4 2017

Website Development. Technical Feasibility Assesment. Marketing and HR.

Q1 2018

Solarex ICO Platform Launched. Marketing Campaign.

Q2-Q3 2017

Solarex Pre -ICO. Solarex ICO Public Events. Team Inauguration Meeting.

Q3 2018

Solarex Farmland Acquisition Initiated. Design And Manufacture of Products Commenced. Solarex Application Development. Solarex Blockchain Development. Listing Of SRX Token In Exchange. Wallet Development.

Q4 2018

First Batch of Solar Farm Equipment Arrives Nigeria. The launch of Solarex Lease PV. The launch of Solarex Outright Sale PV. Solar farm Installation.

Q1 2019

Solar Farm Testing. Smart Meter Testing. Blockchain Integration With Solar Farm Testing. Mobile App Testing.

Q2 2019

Solar Farm Launched. Full Solarex Ecosystem on Pilot Testing in Nigeria. Scaling of Solarex Operations. Operation Licenses in Place. Expand Product Marketing Team.

Q3 2019

2nd Solar Farms Launched With full Operational Ecosystem.

Q4 2019

More Solar Farms Launched With full Operational Ecosystems in Nigeria.

2020 - 2025 Q1 - Q4

Rapid Deployment/Expansion Across Africa, as Decided in the Operational Growth Management Plan.