Energi Mine is a fully functional commercial entity based in Manchester, UK and run by an experienced team of both energy and tech professionals.
The company currently manages over $140 million worth of energy on behalf of its large industrial and commercial customers. They have approximately 1,100 customer sites across Europe and the United Kingdom, including one of the largest law firms in the world and one of Europe’s biggest fuel retailers.
Energy Mine has already generated approximately half a million dollars in revenue in 2017 through their AI energy market products.
What is Energi Mine?
Energi Mine aims to decentralize the $2 trillion global electricity markets that are currently closed and controlled by a handful of large players.
Energi Mine is creating a platform that matches customers with smaller generators, as well as creating a global ecosystem whereby users are rewarded with tokens (Energy Tokens – ETK) for energy-efficient behavior.
The idea is that people will be more inclined to reduce their energy consumption if they have a positive incentive to do so. By receiving a financial benefit in the form of ETK every time they lower their energy usage, users will have a strong motivation to change their behavior and become more energy efficient, since they will essentially be getting paid to do so.
For example, a local transport authority could award ETK to commuters that choose to take public transportation to work instead of a car, or an electronics manufacturer could award ETK when consumers buy energy-efficient appliances.
They use Deep Learning Artificial Intelligence models to streamline the energy procurement process. As a result, customers of Energi Mine have access to energy consumption insights like never seen before.
Energi Mine aims to completely revolutionize the way energy is both traded and consumed, reduce global energy consumption, and drive down global retail energy prices.
Energi Mine ICO Details
You can stay up to date on the latest news, product updates, and events here.
The Energi Mine Team
The team behind Energi Mine come from some of the largest energy and tech companies in the world, such as Microsoft, Google, Nokia, Engie and Vattenfall. They have run successful startup companies in the past in the “Big Data” and Energy sectors, including selling to NASDAQ-listed companies.
The CEO, Omar Rahim, has worked in the energy industry for the last 12 years. He managed an energy trading portfolio of more than $3 billion. During his work, Rahim became fed up with the way the energy markets are riddled with inefficiencies, and decided to found Energi Mine.
Momin Hashmee is the COO. He has over 13 years of experience working at a handful of the largest tech companies in the world, like Intel, Microsoft, and Nokia.
Energi Mine Summary
This ICO has a big potential to be quite profitable and potentially transform the energy world as we know it.
Since they haven’t actually released their token sale yet, be sure to keep an eye out for their updates.