Africa’s impoverished countries face two major energy challenges: inadequate access and climate change. To be able to mitigate the impacts of climate change, they will have to achieve full access to electricity and develop clean energy systems.
This is the region with the highest rates of energy poverty in the world, with more than 600 million people without access to electricity and many millions more connected to unreliable networks that do not meet their daily needs for energy services.
Knowing this, Liquidstar has launched a project that aims to bring this much needed electrical power to Indonesia and several African countries, with the help of a customly-designed 20 foot shipping container, called Waypoint, which produces electricity thanks to the solar panels it has on top.
Among other things, that electricity is then used to charge batteries and purify water, which people can then rent or buy. Waypoints are being placed where people’s primary energy sources are kerosene and diesel, meaning that they are also contributing to creating a cleaner environment at those locations.
Because Waypoints tend to produce more energy than what is consumed, that excess energy is used to mine NFTs, green Bitcoin and Ethereum. Liquidstar returns 5-34% of all mining based revenue streams and carbon credits sold to its users in their local currency and, for every 1535 NFTs minted this way, deploys a new Waypoint in a rural area in one of the target countries.
Liquidstar plans to do its first full deployment with USAID in Djibouti, with the help of a $270k grant. The second one should be in Benin, with pilots planned for Kenya, Nigeria and Indonesia. This is aligned with the company’s long term vision and belief, that electricity is the currency of the universe and this infrastructure will help to create a new global currency and energy based economy, and also to solve this massively critical problem in developing countries.