Existing Business

ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy. With a GMV of over SGD$10 million to date, ELECTRIFY has transacted more than 60GWh of electricity for commercial and industrial customers since March 2017.

ELECTRIFY plans to develop a decentralised energy marketplace that runs on the blockchain.

As an improvement from the existing marketplace business in Singapore, the new MARKETPLACE 2.0 will
allow anyone to source for energy from commercial energy suppliers or to buy directly from a private producer
via ELECTRIFY’s peer-to-peer (P2P) trading platform, SYNERGY.

Electrify-Ecosystem

What do we plan to develop?

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Marketplace 2.0

Marketplace 2.0 will be a web and mobile platform allow consumers to purchase energy from electricity retailers or directly from their peers (P2P) with smart contracts and blockchain.
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Synergy

Synergy allows consumers to buy power directly from small-scale producers, such as residential rooftop solar and wind turbines. This removes the middleman, reducing energy costs for all consumers.
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E-Wallet

eWallet will be used to facilitate payments via the smart contracts, allowing consumers to pay for their energy usage for payments in
the Electrify ecosystem.
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PowerPod

To accurately track and audit the output from a small-scale solar panel, we have developed an IoT smart device to measure and execute P2P trades via Synergy smart contracts. PowerPod will log energy produced onto a blockchain.

Advisors

  • Jun Hasegawa
    Jun Hasegawa BLOCKCHAIN SCALABILITY/
    PAYMENT TECHNOLOGY

    Founder/CEO of Omise Holdings/OmiseGO . He’s a deep thinker and entrepreneur who has come to establish Omise more...

    a Thailand-based payment gateway in late 2014.

  • Jeffrey Char
    Jeffrey Char PARTNERSHIPS AND VENTURES

    Jeffrey is Founder and CEO at J-Seed Ventures and Director, Corporate Venture Capital (TEPCO).more...

    He heads the company’s blockchain initiatives, leading TEPCO to be a founding member of the Energy Web Foundation. He is also an advisor with Grid+.

  • Calvin Soh
    Calvin Soh STRATEGIC MARKET POSITIONING

    Calvin is an award-winning expert in strategic market positioning. Former Vice-Chairman, Chief Creative Officer at more...

    Publicis Asia. Former President and Creative Director at Fallon Asia. He is also an advisor at OmiseGO.

  • Shirley Wong
    Shirley Wong GROWTH STRATEGY, INFOCOMM AND PARTNERSHIPS

    Managing Partner at TNF Ventures, Board member of IMDA, Co-chairman of the Cyber Security Awareness Alliance, more,,,

    Vice Chairman of South Asia Business Group, Member of Temasek Polytechnic’s IT School Advisory Council and an Entrepreneur-in-Residence at Singapore Management University.

  • Dr. Yang Dazhi
    Dr. Yang Dazhi GREATER CHINA, ML, AI, DATA SCIENCE, SOLAR STATISTICAL FORECASTING

    Research Scientist at Agency of Science, Technology and Research, Singapore

  • DR. LICHENG LIU
    DR. LICHENG LIU JAPAN ENERGY MARKET, UTILITY SCALE SOLAR

    O&M Manager at Saferay Pte Ltd

  • FOO MING QING
    FOO MING QING CYBERSECURITY AND POWER SYSTEMS

    Software Engineer at ST Electronics (Info-Comm Systems)

  • Nizam Ismail
    Nizam Ismail CRYPTOCURRENCY LEGAL ADVISOR

    Co-Founder of RHT Compliance Solutions, Partner and Head of Regulatory Practice of RHTLaw more...

    Taylor Wessing, Head of Regulatory Sub-Committee of the Association of Cryptocurrency Enterprises and Startups Singapore (ACCESS)

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