GIGAJOULE Floating Solution

Electricity is, for the most part, a worldwide utility easily reachable by consumers. But when it comes to the energy industry as a whole, conditions sway into strict regulation, monopolies, or even total chaos. Producing electricity itself is only half the story - making use of existing grids, matching supply and demand, and reducing greenhouse emissions while producing it is a complex task.
The energy industry is key to bringing growth and stability to a community. As much as 2.8 billion people lack access to electricity or have only partial access, according to data from the International Energy Agency (IEA). The markets with limited or no access to electricity are concentrated in three main regions - South America, the Indian subcontinent, and Africa.

While the number of people without electricity is concerning, it seems to be decreasing rapidly. In the past two decades, hundreds of millions of people received easier access to electricity. This trend also coincides with the growth of electricity from renewable sources, which face specific challenges in joining the grid and establishing records and market prices. The IEA also predicts that renewable energy will grow in importance:
“Renewables will have the fastest growth in the electricity sector, providing almost 30% of power demand in 2023, up from 24% in 2017. During this period, renewables are forecast to meet more than 70% of global electricity generation growth, led by solar PV and followed by wind, hydropower, and bioenergy.”

ABOUT 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.

This is a project that looks to solve the issue of insufficient electricity flow through creating fully operational, gas-based power plants which will be floating on barges. The platform will integrate the Internet of Things (IoT) and blockchain technologies which are usually associated with efficiency and very high-quality services.
In nations like Nigeria, notwithstanding the bounty of gaseous petrol as crude material, not exactly a large portion of the populace approaches a steady power supply. Indeed, even where power transmission frameworks exist, many creating nations depend on costly and wasteful substitution control age frameworks.

This has a negative effect both on the earth and on the nation's accounts and spending plan in light of the fact that the administration regularly needs to execute endowments to make it reasonable.

PROBLEMS GIGAJOULE

In our world today, 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.

SOLUTIONS PROVIDED

Floating Power Plants (FPPs)

These will be used for the generation of natural gas-based power and will consist of gas turbines mounted on barges. They are going to be located wherever there is access to a large water body such as the sea. Such floating power plants that use SGT-A65 engines are more suitable in that:

They can be easily re-located on demand.
They are easier and quicker to manufacture, install, and commission as compared to land-based power plants.

Natural gas as feedstock.
This is the cleanest of all carbon-based sources of energy which means that while trying to solve this menace, this project also considers the safety of our environment. The project plans to use gas which is connected to the production of oil or Liquid Natural Gas.

Siemens SGT-A65 gas turbines.
These turbines will be the latest models using state of the art turbine technology with aero-derivative engines and modularized with generators. This is going to be the primary source of power.

Benefits of the Gigajoule project

The floating power plants can be easily transported by river or sea to the locations where there is an urgent need for electrical power such as developing countries.
The power plant will be powered by natural gas which is in abundance as well as Liquid Natural Gas if the need arises.
The floating power plants will be using aircraft engine technology which is developed under the highest standards for efficiency and reliability.
The entire project is eco-friendly as it utilizes natural gas which is the cleanest source of carbon-based fuel. The environment will not be polluted, thus greener earth.
The floating power plants will have a guaranteed lifespan of over twenty years of performance, with over 95% availability provided by Siemens.
The plants can be supplied in both closed or open cycle to maximize the efficiency in operation.

THE GIGAJOULE TOKEN

An security token offering (STO) will be conducted to finance the implementation of the Gigajoule project. A digital token named the Gigajoule (GIGJ) will be issued on the Polymath network.
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.

STO SPECIFICATIONS

Name Gigajoule Token
Tech Standard ERC-1400
Symbol GIGJ
Standard Price USD 1.00
Total Supply 20,000,000
STO Sale 16,000,000
Soft Cap $6,000,000
Hard Cap $14,400,000

TOKEN ALLOCATION AND USE OF FUNDS