The Cenfura platform has signed a joint venture agreement with DNA Global Energy, a developer of clean energy projects based in London, UK. The joint venture will be responsible for building 14 mini-grids powered by renewable energy in South Africa. These facilities will be similar to those already inaugurated by Cenfura in South Africa. Electricity will be paid for in Tocken.
Recently, the company commissioned an off-grid solar system capable of providing 873 MWh of electricity per year to the community of Malachite Mews in the Gauteng Province of northern South Africa. The facility, which also has a battery storage system, has the potential, according to Cenfura, to reduce the carbon footprint of the various properties connected to the minigrid by 70 per cent, from the current emissions of around 1.2 million tonnes per year to 360,000 tonnes per year.
Properties that benefit from the minigrids will pay their electricity bills using the Cenfura platform’s XCF Tocken digital asset. This is a platform based on a technology for storing and transmitting information without a controller, which is therefore based on the blockchain. “Given Cenfura’s operational success in this area, this joint venture is a logical step in the company’s growth in the region. Each facility acquired or created will be equipped with Cenfura’s XCF utility cryptography, enabling new methods of billing and financial management for a more efficient and effective business system,” the platform added.
According to Cenfura, its cryptographic system offers a “unique” fintech solution to the joint venture. This e-money is already available on the open market, mainly on the Liquid Exchange, a platform that offers buying capacity in most countries of the world.