SAN JOSE, USA – JANUARY 24, 2018 – KWHCoin, a Blockchain-based energy innovator, announced today that it will donate $225,000 USD and 1,500,000 KWH coins to launch projects that will help bring reliable energy access to the 1.2 billion people around the globe without electricity. The donations be used to fund the development of microgrids and off-grid technologies for residential areas, hospitals, schools, local businesses, and municipalities in Puerto Rico, the Caribbean, Latin America, South America, Africa, and Southeast Asia.
KWHCoin’s donation of $75,000 USD and 500,000 KWH coins to Puerto Rico will aid reconstruction efforts following the swift destruction brought by Hurricane Maria in September. Nearly a third of the population is reportedly still without power, and KWHCoin is already in conversation with businesses and individuals on how to swiftly bring relief to the island’s 78 municipalities using clean renewable energy.
The company is issuing a call to the global community for volunteers who want to get involved and help make connections with projects that will help bring reliable, sustainable, and affordable access to energy for 1.2 billion people who are in need. Interested parties should immediately contact the company at https://www.kwhcoin.com/joinus.
“Runaway speculation in cryptocurrency has diverted the world’s attention away from what truly matters: helping others,” said CEO Girard Newkirk. “We believe Blockchain has unlimited potential as a liberation technology, and the work we’re doing in Puerto Rico and the rest of the world is an example of that. As the world’s underserved and poorest begin to gain access to global markets, KWHCoin aims to provide access to clean energy markets to anyone with a smartphone or computer.”
Founded in August 2016, KWHCoin is building a Blockchain-based renewable energy platform backed by equivalent measures of deliverable kilowatt hours of clean, renewable energy aggregated from local distribution sources (smart meters, sensor readings, and Green Button data). This platform, which the company calls The Grid, will enable anyone worldwide to buy or sell renewable energy resources. As this digital economy grows, it has the potential to lower the cost of renewable energy transactions, allowing renewable energy to expand and bring newfound power to the farthest reaches of the world.
ICO Details
KWHCoin raised $1.1 million USD in a two-day private pre-sale held in late December from a community of clean energy advocates and cryptocurrency enthusiasts. In addition, the company recently announced an Initial Coin Offering (ICO) scheduled to launch on February 8, 2018. More information about the ICO can be found at https://kwhcoin.com/ico-information. The company will host an AMA (“Ask Me Anything”) for potential contributors with CEO Girard Newkirk on January 25 on the company’s Telegram channel.
Note to Editors
CEO Girard Newkirk is immediately available for interviews.
Key Pull Quote
“Runaway speculation in cryptocurrency has diverted the world’s attention away from what truly matters: helping others,” said CEO Girard Newkirk. “We believe Blockchain has unlimited potential as a liberation technology, and the work we’re doing in Puerto Rico and the rest of the world is an example of that. As the world’s underserved and poorest begin to gain access to global markets, KWHCoin aims to provide access to clean energy markets to anyone with a smartphone or computer.”
About KWHCoin
KWHCoin is a Blockchain-based community, ecosystem and cryptocurrency with a mission to improve the lives of the 1.2 billion people across the globe without reliable energy access. Founded in 2016, the company is headquartered in San Jose, California. See kwhcoin.com for more information.
Company name: KWHCoin
Company site: https://www.kwhcoin.com
Company contacts: Michael E. Rubin, Chief Marketing Officer
mrubin@kwhcoin.com
+1-847-370-3421