Fuel shortages, record prices, rising poverty, and slowing economies are some of the effects of the global energy crisis facing the world today. The latest tightening of energy markets began in 2021 for various reasons, including a rapid rebound after the COVID-19 pandemic, which had brought economic activities to a standstill. The situation escalated dramatically after the Russian invasion of Ukraine in 2022. Electricity prices in many markets reached record highs, accompanied by record prices for natural gas and oil, which hit their highest levels since 2008.
Higher energy prices pushed up inflation, dragging many families into poverty and forcing some factories to reduce production or shut down altogether. This slowed down economic growth to the point that many countries headed toward recession. While some governments are trying to cushion the blow, the scope for such measures is limited due to high inflation and budget spending during the challenging economic times in recent years. Rising inflation also pushed up short-term interest rates, further slowing down economic growth.
Although there is a school of thought that blames climate policies for contributing to the recent run-up in energy prices, there is still no concrete evidence to support that theory. In fact, a greater supply of clean energy sources and technologies would have protected consumers and mitigated some of the inflationary pressure on fuel prices. The current energy crisis could accelerate the rollout of cleaner, sustainable, and renewable sources of energy.
The ReduX converter offers an innovative, easy-to-implement, and efficient solution. ReduX Technologies’ converter processes liquid fossil fuels before combustion, making it compatible with fuel oil, diesel, gasoline, and kerosene. As a result, it can be used in cars, trucks, trains, ships, aircraft, generators, and other transportation and industrial applications.
ReduX converters have been field-tested on numerous commercially available engines, including those from companies such as Mercedes Benz, Volvo, MAN, DAF, and Scania. The devices are technically mature and ready for immediate practical use. Existing engines can be modified and adapted in a simple plug-and-play method, improving efficiency and reducing emissions from the combustion of liquid fossil fuels. The ReduX converter reduces emissions, increases engine performance, reduces noise pollution, and can be retrofitted with scope for amortization.
For marine engines, ReduX can provide considerable fuel savings of up to 25% and reduce emissions by as much as 80%.
ReduX converters have a vast range of applications, particularly in mobile technology. The market potential is enormous, as it essentially covers all combustion systems. Moreover, the converter can be retrofitted on all existing and future systems or engines. According to company estimates, ReduX Technologies is applicable in more than 3 billion combustion systems worldwide.
The company initially focuses on the German, Austrian, and Swiss markets, which together have a sales potential of more than 1.2 billion Euros and earnings before interest and taxes of 700 million Euros. Even if the company limits itself to the European Union and affiliated countries, there are already more than 500 million different use cases that can potentially help clients. The market penetration in European countries is hardly 1% in the sector, and the business potential is more than 1.2 billion Euros.
For an average customer, the ReduX installation typically pays for itself within just a few months in most circumstances. This assumption does not factor in potential tax savings, CO2 credits and certificates, penalty avoidance, and other comparable effects. As more countries enforce strict CO2 emission laws, they are becoming increasingly essential.
The ReduX Technologies roadmap spans several years, divided into distinct phases. The first phase, scheduled between 2022 and 2024, involves rolling out the technology in European Union countries. Model calculations predict sales of more than 120 million Euros by mid-2023 and earnings before interest and tax of approximately 24 million Euros.
These figures are expected to push ReduX into profitability. Coupled with an attractive and affordable price, customers can anticipate an average payback period of just a few months.
The second phase of the roadmap will commence concurrently with the first. The campaign will begin with the involvement of leading technology companies, primarily from Japan, China, and possibly South Korea. Additional European Union partners will be sought to focus on logistics companies, energy and cost-sensitive customers. Company forecasts estimate sales could approach 2 billion Euros with earnings before interest and taxes of 400 million Euros.
The third phase of the ReduX Technologies project, scheduled from 2023 to 2026, will see the company going global with a special emphasis on the European Union, China, and the United States. The remaining market opportunities will be explored through local partnerships and joint ventures. A licensing system is also in development. Based on internal company estimates, sales of 3 billion Euros and earnings before interest and taxes of 600 million Euros are achievable.
Global energy demands have surged significantly in recent decades, reaching unsustainable levels. It is crucial to acknowledge that current energy sources will eventually be depleted, with the exception of renewable energy sources.
Many nations’ laws currently penalize the use of fossil fuels and associated emissions by imposing taxes and fees. However, a rapid phase-out of fossil energy sources could have disastrous economic consequences, jeopardizing the survival of entire economic sectors and, ultimately, millions of people.
Further development of efficient and innovative processes for fossil fuel utilization is urgently needed until a sustainable transition to renewable energy sources can be successfully achieved. Addressing CO2 problems and resolving emission-related constraints should be top priorities. With no competition in the market, immediate market entry is possible.
ReduX provides a unique and effective solution to CO2 and emission problems. Its low investment, quick payback, and ease of use enable immediate application and scalable production for rapid expansion. ReduX technology has already been recognized, tested, and, in some cases, awarded by multiple organizations. ReduX can instantly enhance the ecological and economic balance of all combustion systems in use.
The technology has been tested for several years on market-available engines in cars, trucks, locomotives, ships, aircraft, and generators as part of ReduX Technologies’ development. ReduX is now exploring blockchain technology’s potential alongside the crypto market opportunities while also planning an IPO.
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