The recent gathering of the global community at the annual COP28 (United Nations Climate Agreement General Assembly), was highlighted by a vast majority of countries declaring their initiatives to increase their renewable energy capacity by 3 folds, including South Korea. The renewable energy sector in Korea has especially seen annual growth every year so far, despite the PV manufacturing sector experiencing lagged growth due to rising costs. Amongst experts, many agree that the upcoming year will again see unprecedented growth thanks to the potential uprising of the ESS (energy storage system) segment. Above all, many unforeseen players are expected to enter the electricity trading market, as both the public and private sectors are increasing their pledges for RE100 (initiatives for transitioning to renewable energy) as part of their overall business plans. As such, with major forces predicted to provide the driving force for the continued growth in many levels of the energy landscape, we are more than ever dedicated to providing the necessary underlying technologies, starting with the newly to-be introduced blockchain-based energy trading platform for the isolated island of Jeju.
Building upon our year’s major progress in the renewable energy brokerage and power forecasting, we will continue to lead the blockchain revolution in the real-world renewable energy economy by providing the necessary tools and infrastructure for task automation and multidirectional energy data transactions. One of the crucial impacts that we aim to achieve in the following years is the seamless incorporation of blockchain in the real world renewable energy asset management solutions, which is ever-growingly crucial for increasing the profitability of solar asset operators and investors.
Last but not least, are aim is to actualize the sustainability of our redi token economy and further expand the ecosystem for any users who are necessarily not in part of the traditional energy industry, who are willing to participate and contribute in the adoption of renewable energy in the everyday aspects of their lives. This is the case for redi dr, the first web3-based virtual renewable asset management simulator which has been proud to provide various opportunities for anyone to participate in eco-friendly activities within the virtual world using real-world energy assets. It is, to our best knowledge, the first time such concepts of marketplace, NFT staking, and raffle have been incorporated into renewable energy asset management using our blockchain infrastructure and data amassed in redi infranet ecosystem. Based on these progress of 2023, we will add more innovative items in 2024 that brings us closer to the virtual transformation of renewable asset management. In order to actualize an energy ecosystem that is no longer limited to physical borders, we will continue our efforts to expand the use of REDi among various community spheres and incorporate more users through our upcoming global outreach campaign.
As summarized above, here is our redi roadmap for year 2024 (1Q, 2Q) based on our newly introduced structure for better project management and transparent progress tracking.
energy business development
- blockchain infrastructure for solar power generation forecasting: on-chain adoption of the current KPX power forecasting incentives program — from incentivizing users for submitting historical data used for forecasting, verifying automated submissions to Korea Power Exchange, to distributing end-point incentives to users.
- blockchain historical management power trading for solar-SME: providing the ecosystem for small and medium solar assets to participate in the power trading market
redi ecosystem
- redi dr (season 2): virtual simulation-to-earn campaign will begin its second season by incorporating greater number of RWAs
- Sundy Portal: our first market-penetrable web3 project Sundy Portal and its key features will be incorporated to the to-be introduced redi dr season 2.
community growth
- community development program: details to be soon released by special report
- redi global outreach: project rebranding, promotions and viral marketing strategies to increase global outreach and diversified business opportunities.
for more details and inquires, please come join and participate in our official redi discord community. (link below)
