Greenstorc Whitepaper
Greenstorc Whitepaper
Greenstorc Whitepaper
2018
Table of Content
1. INTRODUCTION ....................................................................................................................................... 3
2. THE INDUSTRY ......................................................................................................................................... 4
2.1 ALTERNATIVE SOLUTIONS ............................................................................................................................. 4
2.2 TRANSFER AND STORAGE ISSUES .................................................................................................................... 4
2.3 THE NEW PERPETUAL ALTERNATIVE ................................................................................................................ 4
2.4 STATE OF THE INDUSTRY .............................................................................................................................. 4
2.5 MARKET SIZE AND POTENTIAL ....................................................................................................................... 5
3. THE COMPANY ........................................................................................................................................ 6
3.1 THE HISTORY ............................................................................................................................................. 6
3.2 THE ORGANIZATION IS BORN ........................................................................................................................ 6
3.3 THE TEAM ................................................................................................................................................ 6
4. THE CHALLENGE ...................................................................................................................................... 8
4.1 HOW TO CONVERT HEAT INTO ELECTRICITY ..................................................................................................... 8
4.2 MOST EFFICIENT EXTRACTION AND STORAGE, OPTIMIZATION .............................................................................. 8
5. THE GREENSTORC SOLUTION ................................................................................................................... 9
5.1 VISION ..................................................................................................................................................... 9
5.2 HOW DOES IT WORK? ................................................................................................................................. 9
6. THE TECHNOLOGY ................................................................................................................................. 10
6.1 GEO THERMAL ......................................................................................................................................... 10
6.2 ADVANTAGES .......................................................................................................................................... 10
6.3 PROGRESS .............................................................................................................................................. 10
7. DAS33 .................................................................................................................................................... 11
7.1. THE DAS ECOSYSTEM ............................................................................................................................... 11
7.2. THE INNOVATIONS OF DAS33 .................................................................................................................... 11
7.3. ESCROW SERVICES .................................................................................................................................... 12
8. ROADMAP & MILESTONES .................................................................................................................... 13
8.1. ROADMAP .............................................................................................................................................. 13
8.2. TIMELINE ................................................................................................................................................ 13
8.3. MILESTONES ........................................................................................................................................... 14
8.4. FUTURE .................................................................................................................................................. 14
9. TOKENOMICS ........................................................................................................................................ 15
9.1. THE OFFERING ......................................................................................................................................... 15
9.2. TOKEN SALE ............................................................................................................................................ 16
9.3. TOKEN DISTRIBUTION ................................................................................................................................ 16
9.4. USE OF FUNDS ......................................................................................................................................... 17
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1. Introduction
Imagine a blockchain asset solution that aims to create a new source of green energy that greatly
improves the current production efficiency and worldwide accessibility of energy sources, while
introducing a new token concept in the blockchain space at the same time. We are proud to present
that solution, it’s called: Greenstorc.
Greenstorc is a company that wants to disrupt the (green) energy industry by generating power from
thermal heat from the bottom beneath our feet. This process already exists, but lacked critical
improvements that enabled it to compete with other power sources. The process of using thermal
heat by Greenstorc’s solution has improved the overall efficiency compared to other green energy
sources like wind, solar or water and therefore has the potential to become a major success in the
industry. By using small installations, there is no need for massive plants to begin their journey of
expansion and growth. A great advantage of using these smaller installations is the accessibility of
their solution: this thermal solution can be applied anywhere around the world. From crowded cities
in Germany, to the upcoming economies of Uganda and Kenya. Greenstorc is able to provide a
power solution for people that want it and people that need it.
In order to establish the Greenstorc geothermal solution, we need additional disruptive technology
to support that solution. The use of blockchain nowadays is an attractive vehicle to raise enough
capital to realize the initial setup, but both the concept of a utility- or security token are unable to
provide a solution that suit Greenstorc’s case. Therefore, a new concept of token offering has to be
used, something that only the Das33 platform can provide. But what’s new in this case?
The Das33 platform creates an environment where the different companies can interact with
participants to seek resources for their projects. The tokens on the Das33 platform can be tied to
Key Performance Indicators (KPIs). The concept of a KPIs is not new to businesses. These
performance indicators are the integral measures of enterprise performance that truly define the
value propositions of success. What is new is the capacity to be rewarded on the achievement of
these indicators in the form of premiums that are directly deposited into the digital wallets of token
holders.
Called the STORC token, it’s a landmark in token innovation as the first example of what will be a rich
set of future premium token offerings that allow numerous opportunities for participants to support
new projects and receive premiums based on their token holdings. Imagine an environment where a
token helps to fund a movie and the premiums for holding that token tie to the industry standard
measures of global box office sales.
In this case, there are two types of premiums deposited directly into token holders' digital wallets:
1) Operations Premium: If pledged resources are used to create a source of new energy by
Greenstorc, then €0.01 in DasCoin will be deposited per token per quarter that the energy source is
operational.
2) Growth Premium: If a new unit of 1 MegaWatt in production capacity is installed by Greenstorc
anywhere in the world, then €0.01 in DasCoin will be deposited per token held. (this premium is
tracked monthly and deposited on a quarterly basis).
Perhaps no challenge is more compelling than those that tackle the need for green energy and
reducing climate change drivers. Das33 is pleased to present an opportunity for token holders on the
platform to participate in this unique approach to productive collaboration.
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2. The Industry
2.1 Alternative Solutions
There are a few ways to obtain energy in an alternative
way. You can think of generating energy from the sun by
using solar panels. Another way of generating green
energy is wind turbines. Unlike wind or solar energy
options, our in-house tech systems produce energy
regardless of if it is day or night, windy or not. The benefit
of Greenstorc technology over solar is that our systems
generate electricity 24 hours per day – not just when the
sun is shining or good light is present.
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2.5 Market Size and Potential
Market size
Potential
Our technology could be perfect for a large number of companies:
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3. The Company
3.1 The History
While our founder Paul Flynn made his mark in international business development, energy became
both his specialty and his passion. He earned his stripes in renewable energies including wind and
solar as well as East African oil and gas exploration. When Paul met Johannes in 2014, both were
exploring heat-recovery market options. Paul was looking for a clean tech solution and Johannes was
building it.
Anyone can dream about a world with enough clean energy for all. Without expertise, outstanding
tech and years of hard graft, however, both knew they couldn’t achieve it. Our solution has emerged
from a long, painstaking process of trial and error, refinements, pushing the envelope – then
heading back to the drawing board and doing it again. Clean energy needs human energy to power
it. The outstanding commitment and credentials of our partners has pushed us forward. And now we
embrace disruptive technology which could change the world. Shortly after that, Greenstorc
combined forces with Meckler GMBH, the highly respected engineering and industrial heat specialist
based in Germany, to meet the highest industrial standards. Meckler has been demonstrating
industry-leading prowess for more than 65 years. A wealth of Meckler experience has flowed into
our technology ever since.
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PAUL FLYNN: CEO
Our globe-trotting CEO grew up in Germany. With Irish mother and
Ugandan father, he travelled frequently to Africa, Asia and around the
world. Paul gained valuable expertise as Head of Investment in
Renewable Energy at Scottish Development International. Here he
consulted on trade and investment strategies, also advising businesses
on entry to the international market. With wide experience throughout
Germany in sales, marketing, business development, IT and international
finance drives his goal of creating green microgrid energy which both
powers and empowers the world.
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4. The Challenge
4.1 How to Convert Heat into Electricity
The underlying technology is generally known as an Organic Rankine Cycle (ORC) engine. These
systems have been greatly improved by Greenstorc to be more power efficient and the incentives
offered by governments for associated electricity pricing create an exciting domain for rapid
business expansion. Our Smart Heat Unit or SHUBox makes this happen. When the SHUbox is
installed on-site it will be connected to ground-source heat probes along with a regular heat pump
system; it offers world-leading benefits. Our disruptive installation generates green power
continuously using exceptionally low temperatures at uniquely shallow depth.
This is particularly true in energy-starved locations in Africa, South America and Asia where
Greenstorc’s add-on technology could yield far greater volumes of power. This means creating much
more attractive carbon profiles from existing generation technologies, running the gamut from
nuclear to lignite. We do not suggest building new brown energy plants but, where they exist, we
strongly prefer utilising as much of their generated heat as possible to make energy. We can do this
efficiently and economically using ORC-based technology.
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5. The Greenstorc Solution
5.1 Vision
At Greenstorc, we would like to see a world with enough clean energy for all. We know that this
dream will not be achieved without the expertise, outstanding tech and years of hard graft.
HEAT-TO-POWER REINVENTED
Unlike traditional ORC, our system creates clean, continuous power not just from industrial heat
sources but from the earth itself. We don’t need heavy geothermal infrastructure and deep drilling
to do this. A uniquely shallow, easy-to-access geothermal probe field yields incredible results.
❖ The SHUBox is installed on-site.
❖ We connect it to ground-source heat probes and a regular heat pump system.
❖ The SHUBox extracts enough heat from the ground to evaporate a tailored refrigerant to steam.
❖ This moves a turbine and creates green, constant electricity.
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6. The Technology
6.1 Geo Thermal
Distributed microgrid low-enthalpic solutions will revolutionise the geothermal industry. We call it
micro-geothermal. Our technology picks up small temperature differences at shallow levels, turning
them into meaningful electricity to power a rural village, a hotel, or public buildings. Using drilled
shallow geothermal, we create community microgrids which heat pump systems. These, in turn,
feed our highly tuned, low-enthalpic geothermal-focused ORC engines which are meticulously scaled
and refined to meet this challenge. Our optimised approach delivers electricity to remote, off-grid
and grid-connect geothermal opportunities. We have worked with leading heat pump manufacturers
to refine our techniques which will not be easily copied or replicated. Extensive research has helped
tune our ORC devices and heat pumps to address the specific problems present in this application.
6.2 Advantages
The biggest advantage of this technology is that it could be used in various places. Our heat to power
technology can be powered naturally wherever volcanoes, earthquakes and warm springs are
present. Water temperatures of 40-100C can be used to drive our low-enthalpic devices. Let us show
you how economically viable outputs can be created anywhere – not just in areas of geothermal hot
springs but in London, Singapore, Toulouse, the Australian outback or the African Rift. This has
enormous potential to revolutionise the lives of people living in a multitude of communities – from
city centres in western nations to remote areas in under-developed parts of the world. Greenstorc
provides rural communities and townships in developing nations with clean, 24-hour power, and
involves them in the ownership, management, sale and usage of the power facility. Over time,
neighbouring microgrids can be linked and integrated into a broader demand response network.
Drilling is generally about USD 30 per foot or USD 100 per meter. In good geothermal sites,
temperatures should rise by no less than 6C per 100 meters. A 1000m hole is considered shallow for
geothermal and could yield sufficient pressure and water to generate more than a megawatt –
competitive with wind, but with the bonus of 24-hour production.
6.3 Progress
We’re testing heat produced by cheap, practical drilling equivalent to the depth of a Texas water
well – with multiple applications worldwide. The technology developed alongside our German
partners involves heat exchangers used in a set (20-50) of shallower geothermal holes to effectively
amplify available heat to energy production levels.
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7. Das33
7.1. The DAS Ecosystem
The DAS ecosystem is using a high-performance network of licensed master nodes. A distributed
network of data centres ensures optimal global performance, enhanced security and network
availability. The system is designed with convenient and simple user-experience at its core,
something the Das33 platform benefits from. Each member of the network must be authenticated
by completing the banking standard KYC process, creating a community where all participants are
pre-approved. DasCoin exists in a fully-integrated ecosystem built around customer needs.
In order to create an attractive platform for companies and provide safeguards for participants, the
Das33 platform offers additional features:
• Quality Focus
Selective process ensures that only the highest quality projects are presented.
• Built-In Protection
Assessment Committee: reviews the business viability of each project.
• General Escrow with Milestone Releases
Companies must achieve milestones to access pledged resources.
• Escrowed Resources
Value held in escrow to secure premiums for token holders. Companies gain access to these
resources after proving timely and consistent delivery of premiums.
• Innovations
Tokens based on KPI’s; systematic buy-back by premium depositors.
• Existing Community
All Das33 projects are presented to the Das ecosystem community, representing over 150,000
accounts in over 150 countries.
• Wide Promotion
In addition to community promotion, each Das33 project is actively promoted in a variety of
outside media and PR channels.
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How does it work?
New units, called “premium tokens,” are digitally created and distributed through the DasCoin
blockchain. Once a company is selected to create a token on the platform, it will determine the
number of tokens to be offered. Each token represents the potential for future value based on the
company’s level of achievement of the designated KPI. Each token is essentially a smart contract: a
pre-defined premium (e.g., €0.01) will be paid to every token holder if a KPI milestone is achieved
(e.g., €1 million in gross sales made by the company). To acquire these tokens, interested parties
must exchange correlative value in the form of cryptographic currency (such as Bitcoin, Ethereum or
DasCoin) on the DasExchange, an exchange accessible through a DasWallet account. Tokens are
initially distributed through a crowd sale on the platform. Once the crowd sale is closed, the tokens
are distributed and can be actively exchanged on the DasExchange.
Like described in the introduction there are two types of premiums deposited directly into token
holders' digital wallets:
1) Operations Premium: If pledged resources are used to create a source of new energy by
Greenstorc, then €0.01 in DasCoin will be deposited per token per quarter that the energy
source is operational.
2) Growth Premium: If a new unit of 1 MegaWatt in production capacity is installed by
Greenstorc anywhere in the world, then €0.01 in DasCoin will be deposited per token held.
(this premium is tracked monthly and deposited on a quarterly basis).
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8. Roadmap & Milestones
8.1. Roadmap
❖ August 2018 – €1 million start-up capital ❖ December 2018 – Full Construction
raised for business and technology ongoing on current project sites
development. ❖ December 2018 – Other identified sites
❖ Early September 2018 – Launch of the prepared
STORC premium token on Das33. ❖ January 2019 roll-out of the beginning of
❖ Early Oct 2018 – deployment of first KPI 500 kW per week power instalment
recorded Greenstorc power solution ❖ February 2019 – Other sites begin
❖ November 2018 – Further feasibility of construction. 1500 MW of German grid
project sites identified - 100MW goal capacity directly available for immediate
❖ November 2018 – Begin construction and exploitation with funds provided
site preparation on full heat farm facilities ❖ Expansion of production capacity beyond,
for current project site - 10MW February/March 2019++
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8.3. Milestones
❖ Investment by partners and angels completed Research and Development, and early testing.
❖ August 2018
o Raised €1 million seed to deploy a pilot installation
❖ Bi-annual series of premium token offerings planned to support growth and expansion of
manufacturing and delivery capacity
❖ We conservatively aim to have installed 50 MW by end of 2019. The goal for 2020 is 250 MW.
❖ Provided we raise independent regional capital across Africa, India, Indonesia and Oceania. The
stretch goal is 500 to 750 MW.
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9. Tokenomics
9.1. The Offering
Greenstorc Ltd. is a new innovator in this space with outstanding prospects to be one of the largest
players in a vast marketplace of heat-to-green energy that is almost entirely untapped. It will work
with Das33 to deploy resources directly into the production of new Megawatts of output owned by
Greenstorc. If the Megawatts yielded by the resources of Das33 are producing energy, it will result in
a quarterly premium of €0.01 for every token held. On top of that, for each newly-produced
Megawatt production unit installed in the future, the same premium will be distributed (on a one-
time basis) to all token holders. This means that current token holders will benefit from expansion
and growth of Greenstorc after the token offering is closed. The combination of KPI’s, third party
involvement and safeguards give the premium token unique features that make this format an
entirely new concept in the blockchain era. The resources pledged to STORC through the Das33
platform will be strictly limited to the production of green energy assets (SHUbox); if new megawatts
are produced, then this will trigger premiums to be distributed to all the token holders. The
measurement for determining the distribution of premiums is clear and unequivocal. Premiums tie
to an easily tracked and audited number that will be constantly updated for monthly tallies that may
then lead to premiums be distributed each quarter.
Here is an example:
Hundred tokens are bought by the participant at market price. On a monthly basis, if Greenstorc
adds 1 Megawatt of new production capacity (1 MW), then the reward due to the token holder is
€0.01 (1 fiat Euro cent) worth of DasCoin at the current market price of DasCoin.
So, if Greenstorc yields 5 MW in new production capacity in January, and the price per DasCoin is 10
Euro cents at that point, each token will be due to receive .50 (or ½) of a DasCoin (5 Euro cents
worth of DasCoin) at the pay point on the 31st March for activity in January.
If the total in February is 2 MW and the price of DasCoin is 20 Euro cents at that time, the participant
will be due another .10 (or 1/10) of a DasCoin at the distribution date.
Imagine the opportunity in the 1970s to be rewarded for every time a new windmill production
amount of 1 MW or more was created by a leading early firm of that revolution! That is the potential
reward available to token holders who participate in the offering. Greenstorc has been chosen by
Das33 as the initial beta offering of this new evolution of the blockchain tokenization industry.
Greenstorc is a rapidly expanding start-up with excellent prospects to grow and prosper. However,
no company operates in an environment of certainty. The objective of this project is to offer the
opportunity to those who wish to boost the green energy community with impact activity, while
potentially reaping substantial premiums when the underlying goals that really matter are reached.
Only Das33 provides such a platform, and Greenstorc is just a first opportunity for the Das
community to hold tokens that advance impact on global topics while presenting a whole new
system of incentives.
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9.2. Token Sale
The previous investment in Greenstorc was approximately €2.500.000. This included the realization
of a pilot system, product testing and research and development. Based on this data and the
forecast for the necessary resources to start the project, the soft- and hardcap will be:
Softcap = €3,000,000
Hardcap = €5,000,000
The hardcap is divided in different rounds, with different advantages applying to that specific round.
See the list below for more information:
1st Period 5% 5% 5% 5%
2nd Period 5% 5% 5% 5%
3rd Period 5% 5% 5% 5%
4th Period 5% 5% 5%
5th Period 10% 10% 5%
6th Period 20% 10%
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9.4. Use of Funds
3% 2%
2%
15% 30%
15%
25%
Materials Manufacturing
External suppliers System integration
Legal Marketing
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