The FRED Project was created with the idea of Funding Research into Energy Devices.
We strongly believe that there are engineers, scientists and hobbyist inventors developing technologies that will one day release us from fossil fuel reliance. The main problem many inventors face is the lack of resources or funds to fully realise their inventions. Our aim is to collaborate and create partnerships with these technology developers to provide funding for projects that could change the energy system we know today and make their products affordable and available to all.
Many of these theoretical and practical designs are classed as free energy generators, however they are not entirely free as many require some form of energy input to work. Academics and physicists claim free energy is impossible, but a device that outputs more energy that it consumes would be generating free energy. Science is evolving and new discoveries are made everyday that defy our current knowledge and understanding, an example of this is Quantum Theory Demonstrated: Observation Affects Reality and is a very interesting read.
Magnetic energy generator example
The following device is reported to produce between 10-30 kWh of electricity depending on the selected model. Still under development, the company expect to start selling the device through official distributors for between $8,000 and $15,000 which is considerably less than the average solar system with the benefit of 24/7 365 days of operation.
There are hundreds of similar designs and applications using magnets to create energy and we firmly believe this area is where the next generation of green energy devices will be realised, our aim is to be part of the revolutionary change of new energy generating devices.
There will be an estimated 280 million electric vehicles (EV) by 2040 and this will have a great impact on demand for electricity 24/7. Will there still be Off rates where electricity is cheaper during sleeping hours? probably not as most electric vehicle users will probably charge their EV overnight.
Reducing CO2 emmisions
Further cause for concern is the environmental impact this increased demand will have, and although the forecast is for greener and cleaner electricity generation at supplier level, the industrialisation of developing nations will negate much of the effort by advanced economies to reduce global CO2 emission levels.
Consumers having access to affordable alternative or free energy generation devices would massively reduce global CO2 emission levels and the associated climate risks. Additionally, the consumer generating their own electricity will be at an advantage when prices begin to rise due to demand and would lessen the risks of falling into fuel poverty (unable to afford household energy costs).
Helping those in energy poverty
There are an estimated 1.1 billion people today who do not have access to electricity and rely on the use of biomass, coal and kerosene for cooking which is linked to some 2.8 million premature deaths per year from household air pollution (iea.org, 2017).
The development of new alternative or free energy devices could provide those in remote locations with clean electricity and help reduce the risks associated with biomass, coal and kerosene usage.
How are we going to do it?
Blockchain and cryptocurrencies are disruptive technologies and provide our project with an ideal opportunity to gain traction and credibility within a short space of time.
With this in mind we created our cryptocurrency FRED which was forked (cloned) from the highly developed TurtleCoin. FRED coin has similar privacy features as Monero and ByteCoin where transactions are anonymous and untraceable. We understand cryptocurrency mining is not environmentally friendly and may make our project seem slightly hypocritical, however, we currently view it as the best platform to get our project started and help bring new alternative energy devices to market.
FRED coins current algorithm is CryptoNight Classic which is ASIC friendly and this will change to CryptoNight V7 at block 80,000 to enable GPU and CPU mining. It can be mined on the official pool fredcoinpool.com and Youpool.io at the time of writing. Our coin is now listed on exchanges Tradesatoshi and Finexbox and although trading is slow right now, we hope that as interest in our project grows, then so will our value enabling us to move further into our project and creating value for our investors.
This website and project blog form part of our project and will feature ideas from alternative energy inventors and provide the latest information on our progress. As the project progresses, our portfolio of websites and social media profiles will aim at increasing awareness of the project which in turn will generate interest and investor participation.
Further plans include the development of a global directory of suppliers, distributors and installers of alternative energy products with the goal of making us the place to go for the latest alternative energy information and products.