LCG Energy is a licensed utility provider, energy contractor and energy trader that wants to design innovative blockchain solutions for the energy sector and conduct an ICO. The company was founded in 2009 and had a revenue of €40M last year, with a projected revenue of €200M in 2020 and plans to acquire renewable energy projects with ~20% ROI. Q: Could you please tell us more about your company and how the idea for the LCG Energy project originated? M: LCG Energy was founded in 2009. 10 years later we are one of the few independent utility providers on the
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There has always been a question as to how one could use blockchain technology for the benefit of millions of people. Outside of the financial sector, a fair few use cases are being explored right now. Surprisingly, it seems Saudi Arabia is leaning toward using this innovative technology to revolutionize the energy sector. With a peer-to-peer trading opportunity on the horizon, new business opportunities will be created. Blockchain Technology and the Energy Sector While there has been growing global interest in blockchain technology, very few actual use cases exist right now. That is only normal, as such ventures require a lot of research