Two respected energy experts with deep expertise in the Northern European energy markets have launched a new blockchain project designed to disrupt and decentralise the industry, by making investments in renewables to give consumers unprecedented power.
Markus Winfridsson, a serial entrepreneur with numerous successes in the energy space including Sumer and Stella Futura, and Christoph Thiel Heyerhoff, an expert in building state-of-the-art energy storage solutions, have joined forces on this innovative and exciting project.
Northern Lights is a permissionless blockchain project designed to bring together governance and utility whilst aiming to become a stabilising factor in the rapidly evolving European energy markets. The Northern Lights Token is an ERC20 governance token, issued on the Ethereum blockchain. When tradable, the token will be initially launched on the Uniswap decentralised exchange with additional marketplaces planned for the future.
The team, comprised of experts from the renewable and blockchain industries, conceived the idea in response to the growing energy crisis that Scandinavia is facing and the increasing need for a decentralised approach towards the use of energy sources.
The team, launching with six dedicated experts, intends to leverage the power and flexibility of decentralisation within the financial markets. Their objective is to make a real and tangible difference to the way in which energy is conserved in the Scandinavian region, through a transparent approach focused around consumer choice and accessibility.
Unlike many other blockchain projects, which rely on nothing more than hype in order to sustain their market cap and overall position within the market, Northern Lights is committed to investing in tangible ventures designed to bring about real-world change, including the installation of innovative energy saving devices.
The team intends to deploy the capital raised in a range of sustainable, renewable-energy-generating projects. Their ambition is to become a driving force in the context of global initiatives to deliver green, sustainable, innovative and efficient power solutions by 2030. The project also delivers on three of the 17 sustainable development goals set out by the United Nations: affordable and clean energy, sustainable cities and communities and climate action.
In tandem with the planned use of capital raised, Northern Lights will design software and hardware solutions that utilise the energy potential of the sun, creating energy-smart optimisation systems and storage capabilities that, when combined, make a big difference in securing society’s renewable energy needs.
It is arguably the perfect time for the launch of this project for several reasons. Energy prices in Europe have risen exponentially to the point that people’s livelihoods and day-to-day living is being greatly affected. With the situation not looking likely to improve anytime soon, the Northern Lights team believes the development of this industry-defining project can become a game-changer in addressing this somewhat overwhelming issue.
The team’s mission is to decrease carbon dioxide from energy production by developing market-leading solutions for the production of renewable energy, whilst decentralising the production and storage of energy.
The Northern Lights community will strive towards a position of energy production and influence, allowing customers to contribute to lowering, and finally removing, the heavy carbon footprint of conventional energy production. Scandinavia has been selected as just the first target market for this project.
The energy industry is undergoing the largest fundamental shift in its history. It is becoming technology-driven with a focus on green technology. But it still lacks transparency and the pace of change is slow. Applying the disruptive and decentralising power of blockchain technology to this sector represents a unique opportunity.
Those interested in this exciting, sustainable project, will soon be able to purchase tokens via a public presale which will be launched in April. Interested parties can visit northernlightstoken.com or the company’s social media handles to stay up-to-date with the latest announcements.
Markus Winfridsson said: “I am delighted to be involved in this innovative and ambitious project, which I believe has the potential to make a big difference to the way in which energy is created and consumed by society. The industry is ripe for change, it is at a pivotal moment in its history, and now is the time to act. We aim to give the power back to consumers in the way they purchase energy. This can only be achieved by leveraging the decentralising power of blockchain technology.”
Gustaf Teurnberg, co-founder and global development executive, Northern Lights, added: “This is a project that has been in the pipeline for some time, devised by individuals who both understand the energy markets and truly believe that change is needed. We believe the launch of the Northern Lights Token can represent the start of deep and fundamental change in the energy markets, which will make a positive difference to both consumers and the long-term sustainability of our planet.”
Website: https://northernlightstoken.com