ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy. With a GMV of over SGD$5 million to date, ELECTRIFY has transacted more than 30GWh of electricity for commercial and industrial customers since March 2017. ELECTRIFY plans to develop a decentralised energy marketplace that runs on the blockchain. As an improvement from the existing marketplace business in Singapore, the new MARKETPLACE 2.0 will allow anyone to source for energy from commercial energy suppliers or to buy directly from a private producer via ELECTRIFY’s peer-to-peer (P2P) trading platform, SYNERGY.
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