CenfuraⓇ Limited announces a new African subsidiary opening in Nigeria
Cenfura's Nigerian subsidiary will provide 24/7 renewable energy in Nigeria and provide a bridge to the digital economy for efficient payments
LONDON: CenfuraⓇ Ltd. is delighted to announce a new subsidiary with local partners in Nigeria to provide needed 24/7 Green Power to communities and businesses.
Cenfura’s focus in Nigeria will be twofold — firstly, providing renewable energy to residential communities and businesses in a sustainable and economically viable manner, and secondly, providing an integrated digital platform for billing and payments.
The Cenfura team is very excited to work with our partners at Cenfura Nigeria Ltd to deliver blockchain based renewable energy solutions throughout Nigeria.
Cenfura is a Smart Energy Services company developing and operating renewable energy assets globally. We deploy distributed energy grids with dynamic load handling systems powered by AI to dramatically increase efficiency over traditional renewable energy providers. Our solutions can be islanded and incorporate automated storage to allow deployment in regions where primary grid instability is a serious problem and can cause significant disruptions. Cenfura’s mission is to accelerate the adoption of fully distributed renewable energy across the globe.
We stand at the intersection of several important sectors — Renewable Energy, Regulatory Technology, and Fintech. Cenfura incorporates all three elements to deliver holistic solutions to our end users. We can provide scalable solutions to communities, industrial consumers, farming, mining, and government entities.
CenfuraⓇ Limited announces a sponsorship and endorsement agreement with tennis rising star Emil Ruusuvuori
London, UK (Tues 23 March 2021) – CenfuraⓇ Ltd. is delighted and honored to announce a sponsorship and endorsement agreement with rising tennis star Emil Ruusuvuori. Apart from Emil’s indisputable talents on the Tennis Court, number 4 world junior, current ATP 85 with already several wins over top 10 players, Emil’s values, enthusiasm, and desire for a more sustainable world and understanding of the digital economy brings a positive synergy to the partnership. The Cenfura team is excited and look forward to working with such a bright and talented star, both on and off the court. Pasi Nieminen Founder and Chairman said, “We are looking forward to having Emil as our ambassador, spreading the message of a more sustainable and smarter approach to renewable energy.”
About Emil Ruusuvuori Emil is the Former World No. 4 junior who achieved a career-high No. 84 after qualifying en route to 1st ATP Tour QF and SF at 2020 Nur-Sultan. In 2020. he also made a victorious ATP Tour debut at Montpellier (d. Novak), ATP Masters 1000 debut at Cincinnati (d. Korda), and Grand Slam debut at US Open (d. Bedene in 5 sets). Emil has 5 wins as a member of the Finnish Davis Cup team, including 6-3 6-2 upset of No. 5 seed Thiem in 2019 (AUT d. FIN 3-2).
About Cenfura Cenfura is a Smart Energy Services company developing and operating renewable energy assets globally. We deploy distributed energy grids with dynamic load handling systems powered by AI to dramatically increase efficiency over traditional renewable energy providers. Our solutions can be islanded and incorporate automated storage to allow deployment in regions where primary grid instability is a serious problem and can cause significant disruptions. Cenfura’s mission is to accelerate the adoption of fully distributed renewable energy across the globe.
We stand at the intersection of several important sectors – Renewable Energy, Regulatory Technology, and Fintech. Cenfura incorporates all three elements to deliver holistic solutions to our end users. We can provide scalable solutions to communities, industrial consumers, farming, mining, and government entities.
This joint venture will initially include 14 new renewable energy microgrids across South Africa and continue globally with other renewable energy projects and tokenization initiatives. The venture will design, build, operate, and tokenize assets around the globe.
The initial 14 projects are microgrids similar to the Cenfura Malachite Mews microgrid in South Africa. Given Cenfura’s operational success in this area, this joint venture is a logical next step in the company’s growth in the region. Every installation acquired or created will be tokenized with Cenfura’s XCF utility token, allowing new methods of billing and financial management for a more effective and efficient financial system.
Cenfura‘s utility token offers, a unique fintech solution to this joint venture. The token is already available on the open market, principally on Liquid Exchange, which offers purchasing ability to most of the world.
We are very pleased with the continued rapid expansion of our Group. This represents another major step forward for our company and will enable us to contribute to the further development of Renewable Energy projects in Africa. It is our goal as Cenfura to have a local presence and act globally, with the right legal structure in place to serve our clients/local partners in Africa.”
“The Board of Directors of Cenfura will devote their working time to the further development of this new Joint Venture with DNA Global Energy and we look forward to work with DNA Global Energy to continue the success of our Group”. said Pasi Nieminen, Cenfura Founder, and Chairman.
About Cenfura Cenfura was established with one goal – to accelerate the adoption of fully distributed renewable energy across the globe. The desire for clean, local renewable energy requires a radical transformation and decentralization of the world’s energy systems. As a smart energy services company, Cenfura’s role will be to lead this transition by implementing systems and operating assets in the world’s next-generation energy systems. Cenfura is a Smart Energy Services Company, deploying Community Energy solutions. The core of the platform is a distributed architecture that tightly integrates state-of-the-art energy production, distribution, control, and fintech technologies.
About DNA Global Partners From its foundation in 2012, the DNA Group has proved itself to be a driven dynamic corporate group, focusing on the renewable energy and environmental solutions sector, creating, developing, marketing, and promoting an exciting range of cutting-edge technologies destined to ensure that our planet has a sustainable and reliable energy source and an environmentally safe future. DNA, with its strategic partnership network, has expanded into today’s renewable energy and environmental solutions market as a rapidly developing global player with an impressive project portfolio. Currently, DNA is operating today in more than a dozen countries on three continents.
Cenfura has integrated the Malachite Mews microgrid facility into the Cenfura platform token ecosystem. This means that all settlements that take place for the electricity produced are completed with XCF tokens.
When Cenfura’s assets buy and sell products and services, automatic smart contracts do the heavy lifting. These smart contracts work in the following way: when an asset produces energy, a smart contract kicks in and calculates the sell price of the energy in local fiat currency, and this price is then converted into XCF tokens at the current market exchange value.
Tokens are introduced into the ecosystem when the buyer purchases energy using XCF tokens and the asset has their share of tokens deposited into their account. These tokens can then be sold back into the market for fiat currency, leaving the ecosystem, or the tokens can be held in reserve. Again, all assets in the Cenfura ecosystem will use XCF tokens.
This supports the true meaning of a utility token – a token that provides prepayment for a good or service.
Cenfura has its XCF utility tokens for the following reasons:
To have a proprietary medium of value exchange allows for a more orderly and autonomous transactional economy between platform participants and by extension the surrounding ecosystem. This includes using smart contracts to lock in future goods and services, creating ecosystem-specific incentives and rewards, granting rights to purchase energy, and the ability to moderate unbalanced market behaviors in our ecosystem, to name a few.
It helps create a specific economy around the Cenfura token and platform, enabling Cenfura to work with both government and non-government entities to implement community-based inclusion initiatives, including energy poverty, energy surety, and small business development programs using the XCF token. This is especially important to the otherwise unbankable in societies across the world.
Since buying and holding Cenfura’s tokens represents prepayment of future goods and services, this creates additional working capital enabling Cenfura to grow faster and pursue its vision of accelerating the adoption of clean and locally generated renewable energy across the globe.
The Malachite Mews facility is the first in a long pipeline of new Cenfura projects that will be integrated into the Cenfura platform, with several more microgrids in South Africa expected to be online in the near future.
Cenfura is a smart energy services company that owns and operates renewable energy assets across the globe, integrating a sophisticated combination of leading-edge technologies, economic systems, and a distributed infrastructure. This combination is referred to as the Cenfura Platform and the gateway to its functions is the Cenfura Token, which uses the ticker symbol XCF and is openly available on liquid.com.
Cenfura Token (XCF) Listing On Liquid Exchange is Live
Cenfura has partnered with the premiere crypto exchange Liquid in Japan to list the XCF token. This marks the second public platform where the XCF token is available, outside the Cenfura Platform where it is used by Cenfura’s global renewable energy assets to facilitate the buying, selling, and storage of energy. Every transaction occurring on the Cenfura Platform is managed with a combination of AI and Smart Contracts and is settled using XCF tokens.
The Cenfura Token (XCF) is not limited to exclusive use by Cenfura owned and operated assets. It can be integrated for use with third-party assets, products, services and financial contracts such as the tokenization of VPPAs (Virtual Power Purchase Agreements).
“This expansion onto a premiere crypto exchange like Liquid marks a huge milestone for Cenfura as we continue to use our technology to own, manage and build renewable energy projects around the world.” said Cenfura chairman Pasi Nieminen
In August 2020 Cenfura’s first renewable energy assets came online in South Africa utilizing the XCF token. The Cenfura Malachite Mews microgrid uses the Cenfura Token (XCF) for all its settlements allowing for transparency and efficiency in all the transactions occurring on the Cenfura Platform.
Cenfura is an independent power producer and smart energy services provider, established to accelerate the adoption of distributed renewable energy across the globe. Cenfura builds and owns next-generation green energy assets and operates them using the Cenfura Platform, a new architecture that tightly integrates state-of-the-art energy production, control, and trading technologies.
Cenfura Commissions New Solar Microgrid at Malachite Mews in Gauteng, South Africa
Cenfura Commissions New Solar Microgrid at Malachite Mews in Guateng, South Africa
Transactive Energy Pioneer Announces Commissioning of its First Solar Microgrid in South Africa
London, UK -- Cenfura has commissioned its first solar microgrid at Malachite Mews in Gauteng, South Africa. The microgrid in the Malachite Mews gated community will produce 873Mwh annually and ensure that the community has a secure, reliable, and financially viable electricity supply.
Our facility has the largest battery storage capacity in South Africa’s residential sector. It is expected to reduce the properties' carbon footprint by 70% from the current emissions of about 1.2mil tons/year down to 360,000 tons/year.
Malachite Mews is the first of many production-stage renewable energy assets utilizing the Cenfura Token (XCF), an ERC20 utility token that increases the transparency and efficiency of renewable energy production. Every element of these renewable energy assets, from generation to storage to residential fiat payments, will utilize the XCF Token and Cenfura’s blockchain-based technology platform for the most transparent and efficient renewable energy production in South Africa.
“The COVID-19 crisis severely affected how we managed the implementation of this project, but we are very thankful for the hard work of our team that allowed us to complete it and ensure energy security for the residents of Malachite Mews” said Randall Meals, Cenfura President & CEO.
Cenfura’s roadmap includes several signed agreements and projects moved to the advanced stages of planning for bringing more microgrids into gated communities in South Africa. These microgrids will ensure energy security for the gated residential communities, reduce reliance on the national power grid and deliver a positive impact on the environment.
About Cenfura and Cenfura Platform
Cenfura was established with one goal – to accelerate the adoption of fully distributed renewable energy across the globe. The desire for clean, local renewable energy requires a radical transformation and decentralization of the world’s energy systems. As an independent power producer, Cenfura’s role will be to lead this transition by implementing systems and operating assets in the world’s next-generation energy systems.
Cenfura Platform, a new blockchain-based system for deploying Community Energy solutions. The core of the platform is a distributed architecture that tightly integrates state-of-the-art energy production, distribution, control, and trading technologies.