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LCG Energy is a German utility provider covering the energy demands of over 50.000 households and businesses in the D-A-CH region of Europe. The company reached its all time revenue last year – just over €40 million.
With negotiations already underway, LCG Energy is about to acquire renewable projects worth €80 million in the following year and reach a revenue of €200 million, positioning itself as one of the leading energy companies on the old continent offering green investments with 20% ROI.
The energy sector has witnessed an impressive transformation over the last century. With the start of its digitization in the 70s, new doors opened for big energy players such as oil drilling companies and utility providers. Blockchain presented the sector with new opportunities by introducing an innovative way of handling data transactions, a concept that has multiple applications across the sector.
With new regulations raising carbon taxes and putting cost pressure on energy companies to reduce their harmful emissions, a completely new approach is needed in order to remain financially stable and limit the cost of energy for the end consumer. One energy company has embraced this philosophy and has found a way to find a win-win situation through green investing.
LCG Energy is an experienced utility provider licensed by the German and Austrian state Federal Network Agencies for Electricity, Gas, Telecommunications, Posts and Railway as a utility provider and an energy contractor. Founded in 2009, the company has been providing energy services and supplying electricity to over 50.000 customers in Germany and Austria. With a record high revenue of 40 million Euro in 2018 alone and on its way of acquiring green energy projects worth more than 80 million until the end of 2022, LCG Energy is a force to be reckoned with on the European energy market.
Recently, the company announced its blockchain initiative that focuses on the creation of an energy ecosystem powered by a digital platform that provides a wide array of energy related services. The company has also been working on revolutionary, blockchain-enabled Smart Meters, which currently do not have an equivalent on the energy market and will potentially become a worldwide standard for energy consumption monitoring.
The mission of LCG Energy and their blockchain project is clear – to make energy easily accessible and cheap for the end consumers while driving the adoption of renewable energy sources through green investing. In order to achieve that, LCG Energy will be dedicating 80% of the proceedings collected through their Initial Coin Offering to the acquisition of renewable energy projects with an expected return of investment of at least 20% over the course of the following 5 years. Each of the projects will be enlisted in land registers, assuring its complete legal conformity, and will be evaluated to determine its degree of innovation and success chances. This way, the LCG token, which will be the fuel of the LCG Energy ecosystem, will be protected against the volatility on the crypto market, giving the investors much higher degree of security and potential returns compared to most ICOs today. What is more, LCG Energy allows green energy projects to acquire the funding they need and contributes to the adoption of renewables by enabling them to thrive.
The LCG Energy ICO
The LCG Energy ICO will commence in 3 phases with special bonuses for all investors who contribute on the private and pre-sale as early adopters of the LCG Energy ecosystem. The company has already raised more than 10 million Euros just through the private sale alone.
- Discount: 35%
- Start: 01/08/2019
- End: 31/12/2019
- Token price: 0.065 EUR
- Discount: 15%
- Start: 01/01/2020
- End: 29/02/2020
- Token price: 0.085 EUR
- Start: 01/03/2020
- End: 30/04/2020
- Token price: 0.10 EUR
If you want to find out more about the LCG Energy company, their blockchain initiative and ongoing ICO, visit https://lcg-group.de/.
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Live from the Platinum Crypto Trading Floor.
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