Energi Mine

Energi Mine, established in 2016 by CEO Omar Rahim, operates from the UK as a blockchain and artificial intelligence company targeting the global energy sector. Initially, the company focused on using AI-driven models to provide energy brokerage and management services for large industrial and commercial clients across Europe, managing a portfolio worth over $140 million for approximately 1,100 customer sites. This foundation in energy markets informed the company's strategic pivot toward leveraging blockchain to address systemic inefficiencies, such as market opacity and the lack of incentives for conservation.

The company's core offering evolved into a decentralized platform designed to disrupt the traditional energy model, which it argues incentivizes selling as much energy as possible at the highest price. To counteract this, Energi Mine introduced the EnergiToken (ETK), a cryptocurrency based on the Ethereum ERC-20 standard, to create a financial rewards mechanism for energy-efficient behavior. Through a mobile application, individuals and organizations could earn ETK by engaging in verifiable energy-saving actions, such as using public transport, purchasing efficient appliances, or reducing overall energy consumption. These tokens could then be used to pay for electricity bills, charge electric vehicles, or be traded on exchanges, directly linking conservation efforts to a tangible financial benefit.

To fund this vision, Energi Mine pursued an Initial Coin Offering (ICO) in 2018, shunning traditional venture capital and successfully raising $15 million. This capital was allocated toward platform development, global partnerships, and international expansion, with plans for offices in Japan, South Korea, Germany, and the U.S. A notable milestone was a trial with Network Rail to test the platform's ability to drive energy reduction through employee rewards. The company gained media attention for appointing an AI bot named Sasha to its management board to assist in algorithmic decision-making.

Keywords: energy management, blockchain, cryptocurrency, EnergiToken, ETK, artificial intelligence, energy conservation, rewards platform, decentralized energy, peer-to-peer energy trading, Omar Rahim, energy efficiency, ICO, smart contracts, utility token, energy procurement, carbon reduction