Cenfura just launched its Cenfura Nigeria ltd. division in coordination with their local Nigerian partners.
To celebrate the launch and Earth Day 2021, we're announcing a Deposit Bonus Event, Trading Competition, and Lucky Lottery Bonus drawing on the Liquid exchange.
The Deposit Bonus Event and Trading Competition will begin on May 12th, 2021, and Lucky Lottery Bonus will be drawn on May 28th, 2021. Stay tuned!
What is XCF?
XCF is an ERC-20 token utilized by the Cenfura Platform as a mechanism of settlement to represent value generated and utilized by Renewable Energy Assets in the Cenfura ecosystem.
What is the Cenfura Platform?
A blockchain-based system for deploying renewable community energy solutions (solar, wind & hydroelectric). The core of the platform is a distributed architecture that tightly integrates state-of-the-art energy production, distribution, control, and trading technologies.
We are giving away over 24,000 USD + in XCF tokens (150,000 XCF). There are 2 ways to earn XCF Tokens:
Deposit XCF to Liquid and earn a bonus on top.
Win XCF in a trading competition.
1. Cenfura Deposit Event
Be rewarded with XCF and stand an additional chance to win 25,000 Cenfura Tokens by depositing XCF to Liquid.
Event Duration: 12 May 2021, 00:00 to 18 May 2021, 23:59 (JST)
How to win:
Deposit more than 100 XCF into your Liquid account and you will be rewarded with 50 XCF tokens for each 100 XCF deposited. Each user can receive up to a total of 250 XCF. Please note the prize pool is limited and will be distributed on a first-come-first-served basis.
All users who deposit at least 100 XCF will be entered into a bonus lucky draw where one user will win 25,000 XCF.
If you want to buy XCF with your credit/debit card, choose Buy with Visa.
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.
London, UK (August 5, 2020) – Cenfura Ltd. is proud to announce the opening of a new investment vehicle - the Cenfura RAIF (Reserve Alternative Investment Fund). Cenfura‘s unique utility token offering has proved to be very popular and due to the growth of the company and scale of investment to bring about large-scale projects, Cenfura will now offer investment through the RAIF as a mechanism for funding of Cenfura’s projects.
Cenfura currently has a large pipeline of projects around the world, with several signed agreements including in Africa and the Americas. In South Africa, Cenfura’s Malachite Mews microgrid project is almost complete, and is expected to be online in August. The RAIF will enable Cenfura to build out and realize this pipeline, in turn creating an expected highly profitable set of ventures with an exceptional return on investment.
“The RAIF is a prime investment vehicle that allows Cenfura to accept investment in a structured and regulated way. It makes investment easy and clear, which is something we hope for all our investors” said Gary Hammond, Cenfura Energy Funds Director.
About a RAIF
The Reserved Alternative Investment Fund (RAIF) is an investment fund that can invest in several types of assets. It qualifies as an alternative investment fund (AIF) and is not itself subject to CSSF product approval. RAIFs must appoint an authorised external Alternative Investment Fund Manager (AIFM). If the AIFM is domiciled in the EU, RAIFs can market their shares, units or partnership interests via a specific passport to well-informed investors across the EU.
Investment in a RAIF is limited to “well-informed” investors that are able to adequately assess the risks associated with an investment in such a vehicle. These are defined as institutional investors, professional investors and investors who have confirmed in writing that they adhere to the “well-informed” investor status, who either invest a minimum of EUR 125,000 in the RAIF and have been assessed by a credit institution, investment firm or management company which certifies the investor’s expertise, experience and knowledge in adequately appraising an investment in the RAIF.
How to Invest
Cenfura takes investment into the RAIF through various means, but the first step to get more information with regards to making an investment decision is to contact the Cenfura investment department, via our online form at https://cenfura.com/investment/ or send email to email@example.com
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 is 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.
Market Analysis: The African Energy Market Eyes Microgrids for Energy Relief
Market Trends - Africa
Africa has seen rapid economic growth this century, with a corresponding increase in the demand for energy. The continent is home to 17% of the world’s population, of which nearly two thirds, around 620 million people, do not have access to electricity.
The shortage of electricity is a significant constraint on the economic growth and development of the continent. Distributed energy based on renewables is seen as an increasingly attractive option that also meets the environmental challenges and is economically viable.
Over the next few years, sub-Saharan Africa plans to tap its vast renewable energy resources with solar PV and wind power leading the growth. South Africa plans to install over 4GW of renewable energy, mostly in the form of wind and solar, while Kenya plans to install 1.4GW and Ethiopia around 570MW.
Africa’s hydropower potential is currently underexploited whilst geothermal power is a major source of energy in East Africa and gas in Nigeria.
With an increasing number of electrification projects based on renewables, a huge opportunity is available in Africa for distributed power generation, which will ensure energy security in the future. The commercial opportunity in the region could generate about $24bn (£18bn) a year (Kleos Advisory), and by 2023 has the potential to create around 1.3 million long-term sustainable jobs.
Impact of Corona Virus on the African Energy Market.
As the world deals with this global pandemic, the economic shock waves are being felt in the renewable energy sector, which is threatening to slow its progress. Without government intervention, the crisis caused by the coronavirus (Covid-19) could considerably disrupt the distributed energy sector.
The extent to which the renewable energy sector is affected by Covid-19 will depend on two key issues: the duration of social lockdown and social-distancing measures and the scope, scale, and timing of economic stimulus packages being put in place by governments to mitigate against the economic downturn.
In the current market conditions, the renewable energy sector is facing three short term challenges; supply chain disruptions, risk of losing any government subsidies or incentives, and the possible decrease in levels of investment.
Over the medium to long term, the renewable energy sector will see a strong recovery and growth in Africa, particularly in the distributed energy market.
South Africa is a signatory to the Paris Agreement on Climat e Change and has ratified the agreement. In line with targets submitted to the UNFCCC in November 2016, South Africa’s emissions are expected to peak, plateau, and decline from the year 2025 onwards.
To achieve these targets, South Africa has adopted a new energy plan for the period 2019 to 2030. In this plan, the government is projecting to significantly increase the contribution of wind and solar power to around 40% of the new energy capacity by 2030.
Dynamics of the South African Power Market
The national utility, Eskom, produces about 95% of South Africa’s electricity. It is currently more than 420Bn Rands (£22Bn) in debt, equivalent to about 8% of South Africa’s GDP. Consequently, Eskom is unable to invest in new capacity or adequately maintain its current capacity.
Electricity prices in South Africa have roughly tripled in real terms over the past decade, and tariffs recently approved by the government will see prices rise by a further 25% in the next three years. Consumers regularly experience electricity disruptions as a consequence of load shedding or poor quality of supply.
Under pressure from industrial and commercial users, the government has taken steps to de-regulate the power sector. This will allow Independent Power Producers (IPPs) to provide power directly to power consumers and industry. The IPPs will also be allowed to trade their excess capacity.
As part of this evolving market, most gated residential communities, commercial parks, and shopping centers have started to install PV systems to either replace or to supplement the grid supply. Large scale industries and the mining sector have begun to work with Independent Power Producers to install wind, solar PV, and energy storage.
The Gated Residential Communities
There are currently 6500 gated residential communities in the Republic of South Africa with a potential demand for power of around 3000MW. This presents a commercial opportunity for microgrids based on solar PV and battery storage. These microgrids will ensure energy security for these gated residential communities, thus reducing their reliance on the national power grid and deliver a positive impact on the environment.
About the Author: Shakeel Mughal has over 30 years of experience of working with FTSE 100 multi-national companies as well as mid-sized companies operating in European, Middle Eastern and African regions and managing businesses in high technology sectors including aerospace, defence, ICT, renewable power and Offset management.
Shakeel has Bachelor of Science with Honours from the University of Salford, Greater Manchester, is a Chartered Engineer and a Fellow of the Institute of Engineering and Technology.
https://cenfura.com/market-analysis-the-african-energy-market-eyes-microgrids-for-energy-relief/Shakeel is Cenfura's EVP for the EMEA region
Cenfura Token (XCF) First Public Listing on Bilaxy Exchange
LONDON- The Cenfura Token (XCF) was listed on the Bilaxy exchange April 7, 2020 and trading commenced April 9, 2020. This marks the first public listing outside of the Cenfura Platform. The token is used as part of a blockchain-based solution for managing renewable energy assets. The Cenfura Token (XCF) is available in XCF/BTC, XCF/ETH and XCF/USDT pairs.
“This first public listing marks an important milestone for Cenfura and our team as we deploy our token, platform, and technology to revolutionize how renewable energy is managed, bought, and sold across the world,” said Randall Meals, Cenfura President & CEO.
Cenfura’s global renewable energy assets use XCF tokens 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, and services. This includes adoption of the Cenfura Token for use by other companies in their smart contracts, transactions, and payment settlement applications, expanding the Cenfura ecosystem.
Cenfura is an independent power producer, 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.
Launched in Apr 2018, Bilaxy places a strong focus on liquidity for new tokens for global crypto traders. With 200+ crypto pairs, Bilaxy aims to establish a leading global trading platform that provides a broad range of trading products and services for global traders with a focus on transparency, reliability, quality execution, and client services.