A new venture with the aim of making a very large impact on society has been launched. AMREC (American Renewable Energy Corporation),
“a cutting edge renewable energy innovator”,
AMREC is focused on developing and implementing affordable, clean energy that’s not dependent on any subsidies. The AMREC team unveiled the full scope of the company’s innovations and their applications back in April at the Blockchain Nation Conference in Miami.
The CEO shared some of the reasons he’s most excited to be involved with AMREC and some of the other ways he’s continuing his mission to “build a better blockchain community.”
“AMREC will provide safe, reliable energy, worldwide at a fraction of the cost of traditional energy sources. Not only will this clean energy make blockchain mining cheaper and more reliable, but AMREC will also utilize blockchain technology to keep track of license distribution, logs of sales and services. This will make it the first truly transparent public company,” explained The CEO. “After AMREC’s planned IPO, every investor will be able to go online and see what’s happening with every single dollar, as well as every component of the company from wind mill function to inventory or accounting.”
The Answer is Blowing in the Wind
While the company plans to eventually expand to multiple sources of clean, renewable energy, their current focus is developing the safest, most efficient and cost-effective, wind energy. According to the CEO, AMREC has perfected the use of the vertical-axis wind turbine (VAWT), a technology developed by the French aeronautical engineer George Jean Marie Darrieus. AMREC has packaged the Darrieus turbine for market use and plans to start the process of taking the company public within the next six months.
VAWTs are a type of wind turbine where the main rotor shaft is set transverse to the wind (but not necessarily vertically) while the main components are located at the base of the turbine. The Darrieus wind turbine consists of a number of curved aero foil blades mounted
on a vertical rotating shaft or framework. The cost of production of these wind turbines is reportedly far lower than that of other available wind turbines. “Our systems are closer to the ground with a simplified motorized head that enables the most cost-effective production and operation,” said The CEO. “Our engineers have found the best configuration of height, size, and position to maximize the revenue potential of the wind. If I gave you the numbers, you wouldn’t believe them. I think people will be very impressed, at the figures we announced at the Blockchain Nation Convention in April.”
Protecting the Grid
Another significant problem that AMREC has addressed is to provide a source of electromagnetic pulse (EMP) safe energy.
“With an EMP attack, the whole society could go back to the stone age in an instant. It’s a relatively simply problem to solve, but because of the high cost of electricity, it’s not feasible for energy companies to create the shields needed to provide EMP protection,”
explained The CEO. Super EMPs are nuclear warheads designed to explode in the atmosphere, generating high-frequency electromagnetic pulses that destroy electronic devices, according to a report by the Commission to Assess the Threat of EMP Attacks. Testifying before a Congressional Homeland Security subcommittee in October 2017, Peter Vincent Pry, a nuclear strategist formerly with the CIA, warned that millions of lives could be lost through mass starvation, disease and societal collapse if there was ever an EMP attack by North Korea. This report recommended that the government “protect elements of the national electric grids, the keystone critical infrastructure upon which all other critical infrastructures depend.” And according to The CEO, AMREC has found a cost-effective way to shield their wind turbines from EMP damage in the case of such an attack.
Roadmap To Success
With AMREC, there is no coin involved, but each windmill turbine will have a license that can be bought and sold. In the future, buying the license will be a way to invest in the company and raise money for its development. The company plans to sell its clean energy to power companies to help them provide the amount of clean energy required by local legislation without subsidies. They also plan to help solve a big challenge for cryptocurrency miners since mining has increased the demand for electricity. Because of the rising cost of electricity, a lot of miners are not able to buy all the electricity they need from power companies. “With our technology, we will provide electricity to the grid, and also offer electricity directly to miners at a substantially lower price. That will mean greater profit margin for the miners.”
AMREC currently has several functioning wind turbines in Europe. They are in the process of confirming their calculations for the US, Caribbean, and Latin American markets.
“Within 3 or 4 months, we expect to go into multiple markets. When we scale up, it’s going to be a very large operation,” explained Vilenchik. The company’s development plan also include investment in the future of clean energy technologies with scholarships and research grants. “We are investing in innovative individuals and R&D of up and coming clean energy scientists who don’t have opportunities to get financed otherwise,” said Vilenchik proudly.
As far as competitive pressures go, The CEO acknowledges that the supply of materials such as steel will be the main hurdle for scaling the new company. Otherwise he feels very confident about the business model and its chances for success. The CEO said that the AMREC team includes blockchain industry leaders and high-ranking government officers, the names of which were announced at the Blockchain Nation Convention in April.
The CEO would only reveal that Jose Gomez, the former Chief of Staff to the Venezuelan government, is AMREC’s Director of Latin American Operations. He also spoke at the Miami Convention. “When we publish all the names of the board members, you will be very impressed,” said The CEO.
Bringing People Together Across Blockchain Initiatives
When asked whether taking his company public is counter to the “decentralized” doctrine of the blockchain community, The CEO explained that it was quite the opposite. “The whole idea of blockchain is a way to keep people honest and to provide transparency. By creating our infrastructure with blockchain, investors will always have control and we will be most able to deliver the product to the market.
Filing with the government does not make you a traitor to the ideals of the blockchain community; it just makes you compliant to the real world. Many ICOs are failing because they are trying to create something that can’t be accomplished without proper government licenses.”
AMREC seems to be a good example of how a blockchain business can integrate effectively with government regulation. The CEO believes that the success of the blockchain community depends on education and communication across sectors. And this is why as the owner of Crypto World Journal, he has spearheaded the Blockchain Nation Conventions. “It’s not just a whole bunch of technology fans singing kumbaya and promoting their ICOs. These events enable the general public to learn, and for industry and government leaders to dialogue. When the blockchain community can understand the concerns of the government and the government can understand the problems that the blockchain community is trying to solve, they can align on how to work together most effectively,” said The CEO.
“The speaker line up was just amazing. I’m so proud to know all of these people, call them friends, and have all of them be part of these event.”
Blockchain Nation Miami took place April 25-26th at the Kovens Conference Center in Miami. Notable speakers included: “The People’s Shark”, Daymond John; industry legend, John McAfee; pharmaceutical trailblazer and investor, Cindy Whitehead; Frank Abagnale, the authority on forgery and document security and inspiration for the movie Catch Me if You Can; Andrew Filipowski, the successful high-tech entrepreneur and CEO of Fluree; Ronnie Moas, Founder and Director of Research at Standpoint Research; and Jim Rogers, Chairman of Rogers Holding and Beeland Interests Inc., who The CEO describes as “the person that the government goes to when planning financial systems.”
For more information about Blockchain Nation events visit www.bcnation.com.
To learn more about AMREC, look for the team at Blockchain Nation events around the world or visit www.AMREC.com.
