We are excited to announce the launch of DREx, a decentralized renewable energy platform that connects investors with renewable energy projects in emerging markets. At DREx, we are inspired by the concept of energy autarky, or self-sufficiency in energy production and consumption. Our platform aims to create a decentralized supply-and-demand network on the rooftops of corporate buildings in emerging markets, which can be financed by global investors for the regional development of developing economies.
The DREx platform works by first identifying and evaluating potential solar PV projects in emerging markets. Once a project has been selected and solar panels have been installed by experts, the platform creates a digital twin of the solar energy production using IoT and blockchain technology. This allows for real-time monitoring of the project’s performance based on the issuance of digital financial products for every investor funding the solar projects alongside sponsors through the work of expert solar project developers. These are the so-called DREx e-tokens, which are pure traceability tokens that track the energy production in real-time while accruing in value for investors’ in their own custodial wallets. They can be redeemed against a stablecoin treasury where corporates, as energy consumers, pay their monthly energy bills.
The platform manages the distribution of payments and transactions among the different stakeholders involved in the project, using on-chain technology to ensure transparency, decentralization, and traceability. This ensures compliance with regulations and provides investors with a range of financial tools to help them manage their investments.
Investing with DREx allows investors to invest in real-world assets (RWA) that drive the clean energy transition, while also benefiting from the advantages of digital financial products. They can use data-driven renewable energy-financial tools to scale their investments and track the positive impact of their investments on the environment. By participating in renewable energy projects on DREx, investors can make a positive impact on the world while also potentially earning a return on their investment.
Overall, the goal of DREx is to enable the transition to clean energy in emerging markets by providing a platform that connects investors with renewable energy projects, while also addressing the challenges and risks associated with investing in these markets. By using IoT and blockchain technology, the platform aims to ensure traceability, transparency, and compliance with regulations, while also providing investors with a range of financial tools to help them manage their investments. But perhaps more importantly and in addition to this, DREx offers more than mere financial tools. It delivers a data-driven platform to help investors gain end-to-end transparency on investments. This brings unprecedented resources to the current financial product landscape to overcome the much criticized ‘greenwashing’ that tarnishes the ESG investment panorama.
We are thrilled to invite you to visit our newly launched website, drex.network, to learn more about the DREx platform and how you can get involved. Our website provides in-depth information on our mission, how we operate, and the benefits of investing with us.
Additionally, we are launching this medium blog where we will be sharing updates on our progress, industry insights, and much more. We encourage you to keep an eye on our blog and follow us on social media to stay up to date on all things DREx. We can’t wait to share our journey with you and have you join us as we work towards a more sustainable future.
Alongside our Outlier Ventures cohort, we will be pitching our project for the first time at Diffusion Day on January 12, 2023.
Until then and into the future 🚀
Learn more about the project at drex.network and follow us on twitter at @DrexNetwork.
