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Gigajoule
Energy

Gigajoule

Energy

Gigajoule 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 and blockchain technologies to ensure the highest standards of quality and efficiency.

Presale ended 31 January 2020
01 Dec 2019 - 31 Jan 2020
Sale ended 30 April 2020
01 Jan 2020 - 30 Apr 2020
ICO Details
Hardcap:
14,400,000 USD
Softcap:
6,000,000 USD
Token Price:
1 USD
Min/Max cap:
Min 1,000 USD
Max 100,000 USD
Total Supply:
20,000,000
ICO Supply:
16,000,000 (80%)
Accepting:
USD, BTC, ETH, DAI
Whitelist/KYC:
KYC
Country:
Malta
Token Details
Token Platform:
Ethereum
Token Holders:
5
Token Transfers:
7
Token Explorers:
Coin Details
Ticker:
GIGJ
Share This Page

Private Sale - 3,000,000 GIGJ - 0.7 USD
STO (Round 1)
- 3,000,000 GIGJ - 0.8 USD
STO (Round 2) - 3,000,000 GIGJ - 0.85 USD
STO (Round 3) - 3,000,000 GIGJ - 0.95 USD
Listing Price - 4,000,000 GIGJ - 1.00 USD

To The Moon 🚀🌕
ROI Price Market Cap Sale Supply Fully Diluted Market Cap
x1 $1.00 $16,000,000 $20,000,000
x2 $2.00 $32,000,000 $40,000,000
x3 $3.00 $48,000,000 $60,000,000
x4 $4.00 $64,000,000 $80,000,000
x5 $5.00 $80,000,000 $100,000,000
x6 $6.00 $96,000,000 $120,000,000
x7 $7.00 $112,000,000 $140,000,000
x8 $8.00 $128,000,000 $160,000,000
x9 $9.00 $144,000,000 $180,000,000
x10 $10.00 $160,000,000 $200,000,000
x15 $15.00 $240,000,000 $300,000,000
x20 $20.00 $320,000,000 $400,000,000
x25 $25.00 $400,000,000 $500,000,000
x50 $50.00 $800,000,000 $1,000,000,000
x100 $100.00 $1,600,000,000 $2,000,000,000
x1000 $1,000 $16,000,000,000 $20,000,000,000

Gigajoule is an electricity energy solution that is based on Floating Power Plants. By combining state of art technologies from other mature industries, we make possible the supply of electrical energy to millions of people who currently do not have access to electricity.

Problem

Today, it is estimated that up to 2 billion people worldwide do not have access to electrical power, a figure that is increasing year after year. This problem is more acute in countries like Nigeria, where less than half of the population has electricity. In many developing countries where an electrical transmission system exists, power generation is achieved through costly and inefficient substitute power generation systems. Besides the negative environmental impact, governments often need to apply subsidies to make it affordable, negatively affecting their sovereign finances and budget.

Opportunity

Natural gas as a fuel for base load power generation is regarded as the cleanest of all carbon-based fuels. Nigeria, the largest economy in sub Saharan Africa, has 180 trillion standard cubic feet proven gas reserves, yet only a fraction of this is used for power generation. To put this in perspective, 180 trillion SCF (Standard Cubic Feet) of natural gas can provide 45,000 MW of power for 40 years.

Solution

Gigajoule is going to deploy a natural gas powered solution known as a “Floating Power Plant”, based on a technology developed by Siemens. The Floating Power Plant employs state of the art technology in the form of Siemens SGT-A65 generation units which uses derivatives of Rolls Royce Trent aircraft engines. Two gas-fired SGT-A65 generating units are mounted on a floating platform, with multiple units deployed at each site dependent upon demand. This innovative system allows for efficient, clean, reliable and flexible electrical energy production. Gigajoule will be incorporated in Malta, a pro-blockchain regulatory environment. In addition, vessels with the Maltese Flag enjoy a number of registration and tax benefits.

Value Proposition

As the first phase, Gigajoule intends to deploy Floating Power Plants (FPP’s) in 3 different Nigerian locations close to existing gas supply and transmission infrastructure – in Delta State, Anambra State and Cross River State. It is intended that electricity will be supplied to the Nigerian Government for an initial period of 20 years by each of the three projects and within the guidelines and regulations of the Nigeria Electricity Regulatory Commission. The capital cost of establishing this supply is made possible using commercial loans underwritten by the Partial Risk Guarantees as provided by the Multilateral Investment Guarantee Agency of the World Bank. This guarantees the obligations of the Federal Government to pay for installed and utilized capacity throughout the 20 year lives of the Power Purchase Agreements (PPAs). Finally, the production capacity of each project is underwritten by Siemens for the life of the project.

David Gardner
Founder & Senior Engineer
Involved in 1 project
Shris Potter
Founder & Maritime Engineer
Involved in 1 project
Russel Schwartz
Founder & CEO
Involved in 1 project
Warren Schwartz
Founder & Software Engineer
Involved in 1 project
Advisors
Tarlan Kornilov
Involved in 1 project
Sergey Baloyan
Involved in 1 project
  • Q3 2019

    Incorporation and setup of Malta-based holding company

    IEO private Pre-sale

  • Q1 2020

    IEO Public Sale - Jan 2020.

    Engagement with Siemens and Appledore Shipyard for the final design and construction commencement of first 2 floating power plants.

  • Q3 2020

    Secure funding underwritten by the Multilateral Investment Guarantee Agency (MIGA) and Siemens performance warranty.

  • Q4 2020

    Finalize Power Purchase Agreement with Federal Government of Nigeria plus all other construction and operating agreements for the implementation of the first project.

  • Q1 2021

    Lenders ready to advance first funds for project constructions.

  • Q2 2021

    Implement the construction disbursement, administration and control procedures.

  • Q3 2021

    Appledore shipyard and Siemens start the manufacture and construction of the floating power plants within 15 months.

    Floating power platforms to be loaded onto heavy lift ships and, within a month, shipped to the closest deep-water position offshore the lagoon or river from which the move to final installation will take place in Nigeria.

  • Q4 2022

    Commissioning and handover.

  • Q1 2023

    Electrical power supply commences and continues for the next 20 years, under Power Purchase Agreement with the government of Nigeria.

  • Q4 2042

    Power Purchase Agreement finalizes. Potential extension of the Agreement for another twenty year term with the same assets, would be negotiated with Nigerian Government.

Source
Rating
2.9 / 5
TrackICO 404
4.4 / 5
Average
3.7 / 5
Ratings has been aggregated in date 01 December 2019
Loading...
 

Energy

Gigajoule

Gigajoule 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 and blockchain technologies to ensure the highest standards of quality and efficiency.

Presale ended 31 January 2020
01 Dec 2019 - 31 Jan 2020
Sale ended 30 April 2020
01 Jan 2020 - 30 Apr 2020

Private Sale - 3,000,000 GIGJ - 0.7 USD
STO (Round 1)
- 3,000,000 GIGJ - 0.8 USD
STO (Round 2) - 3,000,000 GIGJ - 0.85 USD
STO (Round 3) - 3,000,000 GIGJ - 0.95 USD
Listing Price - 4,000,000 GIGJ - 1.00 USD

To The Moon 🚀🌕
ROI Price Market Cap Sale Supply Fully Diluted Market Cap
x1 $1.00 $16,000,000 $20,000,000
x2 $2.00 $32,000,000 $40,000,000
x3 $3.00 $48,000,000 $60,000,000
x4 $4.00 $64,000,000 $80,000,000
x5 $5.00 $80,000,000 $100,000,000
x6 $6.00 $96,000,000 $120,000,000
x7 $7.00 $112,000,000 $140,000,000
x8 $8.00 $128,000,000 $160,000,000
x9 $9.00 $144,000,000 $180,000,000
x10 $10.00 $160,000,000 $200,000,000
x15 $15.00 $240,000,000 $300,000,000
x20 $20.00 $320,000,000 $400,000,000
x25 $25.00 $400,000,000 $500,000,000
x50 $50.00 $800,000,000 $1,000,000,000
x100 $100.00 $1,600,000,000 $2,000,000,000
x1000 $1,000 $16,000,000,000 $20,000,000,000
ICO Details
Hardcap:
14,400,000 USD
Softcap:
6,000,000 USD
Token Price:
1 USD
Min/Max cap:
Min 1,000 USD
Max 100,000 USD
Total Supply:
20,000,000
ICO Supply:
16,000,000 (80%)
Accepting:
USD, BTC, ETH, DAI
Whitelist/KYC:
KYC
Country:
Malta
Token Details
Token Platform:
Ethereum
Token Holders:
5
Token Transfers:
7
Token Explorers:
Coin Details
Ticker:
GIGJ

Gigajoule is an electricity energy solution that is based on Floating Power Plants. By combining state of art technologies from other mature industries, we make possible the supply of electrical energy to millions of people who currently do not have access to electricity.

Problem

Today, it is estimated that up to 2 billion people worldwide do not have access to electrical power, a figure that is increasing year after year. This problem is more acute in countries like Nigeria, where less than half of the population has electricity. In many developing countries where an electrical transmission system exists, power generation is achieved through costly and inefficient substitute power generation systems. Besides the negative environmental impact, governments often need to apply subsidies to make it affordable, negatively affecting their sovereign finances and budget.

Opportunity

Natural gas as a fuel for base load power generation is regarded as the cleanest of all carbon-based fuels. Nigeria, the largest economy in sub Saharan Africa, has 180 trillion standard cubic feet proven gas reserves, yet only a fraction of this is used for power generation. To put this in perspective, 180 trillion SCF (Standard Cubic Feet) of natural gas can provide 45,000 MW of power for 40 years.

Solution

Gigajoule is going to deploy a natural gas powered solution known as a “Floating Power Plant”, based on a technology developed by Siemens. The Floating Power Plant employs state of the art technology in the form of Siemens SGT-A65 generation units which uses derivatives of Rolls Royce Trent aircraft engines. Two gas-fired SGT-A65 generating units are mounted on a floating platform, with multiple units deployed at each site dependent upon demand. This innovative system allows for efficient, clean, reliable and flexible electrical energy production. Gigajoule will be incorporated in Malta, a pro-blockchain regulatory environment. In addition, vessels with the Maltese Flag enjoy a number of registration and tax benefits.

Value Proposition

As the first phase, Gigajoule intends to deploy Floating Power Plants (FPP’s) in 3 different Nigerian locations close to existing gas supply and transmission infrastructure – in Delta State, Anambra State and Cross River State. It is intended that electricity will be supplied to the Nigerian Government for an initial period of 20 years by each of the three projects and within the guidelines and regulations of the Nigeria Electricity Regulatory Commission. The capital cost of establishing this supply is made possible using commercial loans underwritten by the Partial Risk Guarantees as provided by the Multilateral Investment Guarantee Agency of the World Bank. This guarantees the obligations of the Federal Government to pay for installed and utilized capacity throughout the 20 year lives of the Power Purchase Agreements (PPAs). Finally, the production capacity of each project is underwritten by Siemens for the life of the project.

Share This Page
David Gardner
Founder & Senior Engineer
Involved in 1 project
Shris Potter
Founder & Maritime Engineer
Involved in 1 project
Russel Schwartz
Founder & CEO
Involved in 1 project
Warren Schwartz
Founder & Software Engineer
Involved in 1 project
Advisors
Tarlan Kornilov
Involved in 1 project
Sergey Baloyan
Involved in 1 project
  • Q3 2019

    Incorporation and setup of Malta-based holding company

    IEO private Pre-sale

  • Q1 2020

    IEO Public Sale - Jan 2020.

    Engagement with Siemens and Appledore Shipyard for the final design and construction commencement of first 2 floating power plants.

  • Q3 2020

    Secure funding underwritten by the Multilateral Investment Guarantee Agency (MIGA) and Siemens performance warranty.

  • Q4 2020

    Finalize Power Purchase Agreement with Federal Government of Nigeria plus all other construction and operating agreements for the implementation of the first project.

  • Q1 2021

    Lenders ready to advance first funds for project constructions.

  • Q2 2021

    Implement the construction disbursement, administration and control procedures.

  • Q3 2021

    Appledore shipyard and Siemens start the manufacture and construction of the floating power plants within 15 months.

    Floating power platforms to be loaded onto heavy lift ships and, within a month, shipped to the closest deep-water position offshore the lagoon or river from which the move to final installation will take place in Nigeria.

  • Q4 2022

    Commissioning and handover.

  • Q1 2023

    Electrical power supply commences and continues for the next 20 years, under Power Purchase Agreement with the government of Nigeria.

  • Q4 2042

    Power Purchase Agreement finalizes. Potential extension of the Agreement for another twenty year term with the same assets, would be negotiated with Nigerian Government.

 Select Source
Source
Rating
2.9 / 5
TrackICO 404
4.4 / 5
Average
3.7 / 5
Ratings aggregated in date 01 December 2019
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