Dublin, June 20, 2022 — EcoWatt, a new frontrunner in blockchain-powered renewable energy, has secured a token investment commitment with Global Emerging Markets (GEM) Digital Limited worth $110 million. The goal of EcoWatt (EWT), a token backed by renewable energy and reforestation projects, is to contribute toward the solution of existential climate change issues and ultimately help in establishing a greener future.
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures and invests in utility tokens listed on more than 30 centralized and decentralized exchanges globally.
“It is immensely encouraging to see increasingly large investments into green energy. This financial commitment from GEM is a testament to our aligned values and marks yet another step toward achieving EcoWatt’s vision of a world powered by clean energy,” said Thomas Puskas, founder and managing director of EcoWatt.
As a renewable energy company, EcoWatt tokenizes carbon credits and offers Web 3 provenance of those credits. These carbon credits make up part of a broader ecosystem with the tokenization of renewable energy, clean tech and reforestation projects, all empowered by an underlying blockchain infrastructure. This enables corporate clients to achieve their carbon-neutral goals and engages and rewards stakeholders for participating in climate action projects.
The green portfolio consists of a growing asset pipeline of up to 10 gigawatts of renewable energy and the commitment to plant 100 million trees by 2025. The renewable energy infrastructure includes wind farms, solar plants, hydrogen plants, geothermal power plants and multi-faceted reforestation projects.
As a carbon-credit generator, EcoWatt (EWT) provides real-world utility independent of the bear market. This makes EcoWatt a reliable store of value supported by global regulatory frameworks that enforce the use and value of carbon credits until at least 2050.
EcoWatt’s vision is to build an economic ecosystem using its blockchain protocol that goes beyond merely the digitalization of carbon credits. With the tokenization of real-world assets with EWT, it’s introducing play-to-earn applications and nonfungible token exchange functionality to incentivize and gamify the human desire for making a difference in an ever-changing world — hence its vision statement: “Be the change.”
GEM Digital Limited is a $3.4 billion alternative investment group with operations in Paris, New York and the Bahamas. It manages a diverse set of investment vehicles focused on emerging markets and has completed more than 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile.
GEM’s family of funds and investment vehicles provide the company and its partners with exposure to small-mid cap management buyouts, private investments in public equities and select venture investments.
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