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Phaeton, in Partnership with RAW Energy, Announces the Creation of a New Integrated Energy Supply Enterprise

Wed, 10/06/2021 - 17:38
Phaeton, in Partnership with RAW Energy, Announces the Creation of a New Integrated Energy Supply Enterprise
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Today, Phaeton announces a new integrated energy supply enterprise in partnership with RAW Energy in a private ceremony held in Perth, Western Australia. The two companies combined their technology to create an integrated renewable energy solution for delivering power to communities in need.

Phaeton's renewable energy-powered Blockchain technology leverages Sidechains and Smart Contracts functionality to build a scalable Blockchain platform on its Phaeton Blockchain network. Through the Sidechains and Smart Contracts, other companies can develop independent and scalable applications that inherit the mother chain’s functionalities and properties. The Phaeton Blockchain has infinite application in modern technology through this architecture, delivering fast, secure and energy-efficient Blockchain-backed solutions.

Speaking at the launch, Ron Forlee, the CEO of Phaeton, described the company as a Blockchain technology developer with a 'people before profit' approach that benefits communities in need. 'By developing an energy-efficient renewable energy powered Blockchain network, Phaeton aims to increase  Blockchain applications without increasing the carbon footprint.'

‘Our aim is to develop business solutions that contribute to the net-zero carbon footprint in line with Sustainable Development Goals. With the Sidechain capabilities of Phaeton, we can empower entrepreneurs across the world to build energy-efficient solutions based on renewable energy consumption. This is why we have partnered with RAW energy to develop an integrated energy system for community housing and local businesses while also powering the equipment of our data centers,' he added.

RAW energy is a group of professional experts in renewable, corporate financing, and property development. The company focuses on developing utility-scale energy assets, connecting stakeholders in Energy Development for hybrid and stand-alone energy solutions. Speaking about the new project, Director Mark Imrie explained that the project would be seeing deployments in Local Government Areas across regional Western Australia. ‘We will start with an 11MW embedded network project in regional Western Australia. We will follow this up with a 100MW project to supply a multinational refinery South of Perth,’ he concluded.

The new partnership is a Phaeton initiative under the brand of Phaeton Energy to create an integrated renewable energy ecosystem. With this integrated renewable energy sector, Phaeton will maximize project value and utility by integrating other business elements into an energy project. By evaluating the energy demand of various business elements, Phaeton and RAW will develop an efficient integrated energy source that combines various renewable energy sources to power existing businesses and other feasible businesses localized within the vicinity.

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