FRED Energy

FRED Energy aims to promote and facilitate greater adoption and generation of alternative energy by consumers and Fund Research into Energy Devices (FRED) Rising energy costs, fuel poverty and access to support and funding for energy device innovators are some of the problems FRED Energy aims to solve.

Whitepaper

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What is FRED Energy

Project Energise will focus on Electric Vehicle (EV) charging stations. Building on Project Accelerate, we aim to increase the number of charging stations where there is a demand now and for the future.

Implementation will initially look towards Asia with further plans to target the emerging EV markets in the EU and UK. EV charging stations that are strategically sited can become community hubs benefiting other service providers and the public offering great long-term prospects. The community hub model would provide a central base and include a larger number of charge points enabling top-ups between jobs.

Charging stations will be part ownership or fully owned by the FRED Project and use an app based PAYG scheme with the aim to facilitate payments in local currency, and usage of FRED Energy Tokens.

After reaching ROI, income from charging stations will then be used to expand the charging network into other niche areas and used to fund further projects.

EV charging stations bring further possibilities of partnering with other blockchain platforms that offer peer-to-peer (P2P) renewable energy trading. The global electric vehicle infrastructure market is forecast to be worth $63 billion by 2025 (GVR, 2019) and FRED Energy is looking to be part of this new ecosystem.