Latest posts of: Gigajoule

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ELECTRICITY IS A
CORNERSTONE TO ANY
COUNTRY’S GROWTH
AND POTENTIAL

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An estimated 2 billion people worldwide do not have
access to electrical power, and this figure is increasing.

In countries like Nigeria, despite the abundance of
natural gas as feedstock, less than half of the population
has access to stable electricity supply.

Even where electrical transmission systems do exist, many
developing countries rely on costly and inefficient
substitute power generation systems.

These have negative impact both on the environment and
on sovereign finances and budgets as governments often
need to apply subsidies to make them affordable.

THE GIGAJOULE SOLUTION

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Floating Power Plants (FPPs)

Natural gas-based power generation
Gas turbines mounted on barges
Can be deployed wherever there is access
to the sea
Positioned in lagoons, rivers or harbours
Coupled to natural gas supply and the
national transmission system

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Natural Gas as Feedstock

Cleanest of all carbon-based energy
sources
Gas associated with oil production
(as in Nigeria) or LNG (Liquid Natural Gas)

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Siemens SGT-A65 Gas Turbines

State-of-the-art turbine technology
Aeroderivative engines
Modularized with generators and mounted
in pairs on barges

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AIRCRAFT-ENGINE POWER
GENERATION

Gigajoule uses the Siemens Trent turbine
as its primary power unit. At its core is
the same Rolls-Royce engine that is found
on the Boeing 777 and Airbus A380 aircraft,
providing enhanced reliability for long-range
flights and maximum passenger capacity.

The Siemens Trent gas turbine is assembled
in a modularised package with a Brush
generator, to form the SGT-A65 generator set.

The use of Rolls-Royce engines for electrical
power plants represents successful technology
transfer and benefits from more than 30
years of development and billions
of dollars of research.

The SGT-A65 also benefits from a long
operating life of 50,000 hours (approx. 6 years).
Turbines can then be switched out for a
replacement in under 72 hours. The cost of this
“as new” recurring operational capacity is
incorporated in O&M costs.

The Siemens technology package includes
comprehensive O&M and performance
guarantees, resulting in maximum
reliability and efficiency.

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FLOATING POWER PLANT

An FPP has unique economic, social and
environmental features that make it an
optimal source of electric energy.

Floating power plants that use SGT-A65
engines have several important advantages:

Location flexibility

Two SGT-A65s are mounted on a floating
barge, thus creating a complete movable
power plant
Significantly less footprint is required
than for land-based power plants. This
provides many options of where to site
the FPP units, as close as possible to gas
supply and the local electrical evacuation
infrastructure.
Ownership of the FPP units is always
retained. These assets can therefore be
deployed to other sites if necessary.

Speed of manufacture, installation
and commissioning

Quicker and easier than land-based
counterparts
Gigajoule’s floating power plants will
be assembled in the Appledore Shipyard
UK with its covered dry dock allowing
for manufacture throughout the year
Once the floating power plant arrives
at the place of deployment by heavy lift
vessel, connection to gas supply and
the electrical grid is done in a
relatively short time

Simultaneous establishment of the
land-based infrastructure for
the FPP units

Dry dock, gas pipelines, substations
and transmission lines

Economies of scale

FPP units are deployed in groups of
four per site though this can be increased
or decreased as requirements dictate
In a typical deployment configuration,
eight modularised SGT-A65 generator sets
in operation means that maximum
operating availability can be maintained
at all times for the typical twenty-year
operational term.

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SIEMENS SGT-A65 SYSTEM

The Siemens Trent gas turbine is assembled
in a modularised package with a Brush
generator, to form the SGT-A65 generator
set, complete with intake duct and
exhaust stack. The system is fully automated.
Each SGT-A65 has a generating
capacity of 66 MW.

Siemens Operating, Maintenance and
Performance warranties ensure a twenty-year
average of operational ability of
not less than 95%.

The SGT-A65 is an aeroderivative gas-powered
turbine. Its start-up time is very fast, at less
than 10 minutes, and it can tolerate frequent
stops and starts. This stop-and-go capability
is particularly effective in balancing out
energy load fluctuations.

The SGT-A65 can provide base-load power both
to electrical grids and to industrial applications.

APPLICATIONS

Immediate
Gigajoule is ready to implement three projects of 528MW each at various sites in Southern Nigeria, in close proximity to gas supply
and electricity evacuation infrastructure.

Significant work has been completed at each of these sites to secure power generation licenses, confirmation of gas supply
and electricity evacuation transmission studies.
Additional work includes preliminary environmental approvals, floating plant and infrastructure design work, economic viability
confirmation and the necessary precursor negotiations to secure the Power Purchase Agreement with the Federal Government.

Project funding is achieved by utilizing the following credit enhancements:

World Bank Partial Risk Guarantee
Siemens full Operating, Maintenance and Performance Warranty
Lloyds of London Insurance

This amounts to over 1500MW installed capacity at a project cost of US$1.4bn (net) which is externally financed.

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Future

In Nigeria alone there is immediate demand for
another 10 000MW
In the rest of Africa, immediate demand is 20 000MW
Globally, excluding Africa, demand is estimated at
another 30 000MW

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Potential

Desalination plants for fresh water supply
Mini-refineries to produce diesel and petroleum products
from traditionally uneconomic oil fields

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THE GIGAJOULE TOKEN

An initial exchange offering (IEO) will be conducted to finance
the implementation of the Gigajoule project. A digital token
named the Gigajoule (GIGJ) will be issued.

In contrast with most ICOs and IEOs, the GIGJ token will not
be a simple utility token, exchangeable for goods or services
to be produced in the future.
Rather, the GIGJ token is structured as a security: token
holders will benefit from the success of the project.

GIGJ token holders will be entitled to receive an annual
dividend of 15% of the profits generated by the Gigajoule
project, in proportion to their number of tokens.

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IEO SPECIFICATIONS

IEO SCHEDULE

The initial coin offering shall be divided into two general stages: a private pre-sale and an IEO public sale. Discount incentives shall be
applicable according to the following table

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EXECUTIVE TEAM

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GARDNER, DAVID
Founder & Senior Engineer

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POTTER, CHRIS
Founder & Maritime Engineer

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SCHWARTZ, RUSSEL
Founder & Chief Executive Officer

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SCHWARTZ, WARREN
Founder & Software Engineer

Frequently Asked Questions

WHAT IS A GIGAJOULE TOKEN?
The Gigajoule token (symbol: GIGJ) is the digital token that shall be issued in the IEO, using the Ethereum standard ERC, for the conduction
of the fundraising. GIGJ tokens shall be available for purchase throughout the IEO and will be delivered to investors’
wallets after the completion of the IEO.

ARE GIGJ UTILITY TOKENS OR SECURITY TOKENS?
GIGJ tokens will be security tokens, not utility tokens. Utility tokens, the most common method in ICO/IEO fundraising, give token holders
the right to exchange them for goods and services to be produced by the project which is financed through the ICO/IEO. Token holders do
not participate in any way in the profits of the project. In contrast, security tokens provide investors with profit earning rights,
among other potential rights.

WHAT RIGHTS DO GIGJ TOKEN HOLDERS HAVE?
GIGJ token holders shall have a right to earn 15% of the annual profits generated by all Gigajoule projects, according to the percentage of
tokens they hold. For instance, if in year 2025 a total of $20,000,000 in net profits is generated, a token holder who owns 5% of the GIGJs
in circulation, will earn the sum of $150,000 in annual profits ($20M x 15% x 5%).

WHICH CRYPTOCURRENCIES CAN I USE TO PURCHASE GIGJ TOKENS?
GIGJ tokens can be purchased during the IEO with BTC and ETH cryptocurrencies. Purchase of GIGJ tokens after the IEO will depend on the
specifications of the digital exchanges where GIGJ shall be listed.

WHAT WILL HAPPEN TO UNSOLD GIGJ TOKENS?
GIGJ tokens that are not sold during the IEO shall be burnt. “Burning” a token means sending it to an ETH address where the token can not
be traded further.

WILL GIGJ TOKENS BE LISTED IN DIGITAL EXCHANGES?
Yes, GIGJ tokens will be listed at exchanges. Now we are at an advanced stage of negotiations with a top 10 exchange by daily volume
and will announce it soon.

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JOIN OUR COMMUNITY!
https://t.me/gigjtoken