NewX Energy to Convert Power Plants Into Smart-City Service Providers
Aug 1, 2019
The newly-formed venture will use blockchain, as well as USDN and NXE tokens to help electricity plants in Indonesia and the rest of Asia to become efficient and diversified service providers.
Bintan Island, Indonesia - August 1, 2019 /MarketersMedia/ —
Most electricity generation in Asia belong to the old world of strict government control, high barriers to entry, and lack of capitalization. But NewX Energy seeks to disrupt a status-quo energy sector in Asia by introducing game changing innovations and business practices.
Christien New, founder of NewX Energy, looks to transform power plants into multi-service providers that can offer banking, shopping, and digital solutions to smart-city ecosystems.
NewX Energy will bring blockchain, token economy, more transparency, frictionless payments, global liquidity, and diverisified revenue streams to traditional electricity plants in Indonesia and beyond. For example, the firm will offer services ranging from banking and shopping, as well as build a smart city ecosystem that leverages power plants turned into multi-service providers.
Boosting Efficiency and Improving Transparency via Blockchain and Tokenization
NewX Energy is led by Christien New, chairman of Bintan Power Plant in Indonesia. He is joined by Kenneth Lee, chief technology officer. Mr. Lee is founder and CEO of Four Directions, a successful tech company in Hong Kong. Novy Kottalewala is the COO. He held director positions in several investment companies in Singapore.
"The founding team's vision is to deliver exceptional value and improve user experiences in the energy sector," says Christien New, founder and CEO. "Blockchain and tokenization can boost efficiencies, transparency, and liquidity."
Disrupting a Status Quo Business
To create a token economy, the venture will create a loyalty program for energy customers. USDN and NXE tokens will integrate with frictionless payments, blockchain records, online shopping, and other services. NewX Energy will also offer credit and debit cards, as well as related financial services in remote, unbanked regions.
Tokenization can remove barriers to public investment, as well as change how energy is developed, distributed, and financed. The venture's dual-token model consists of a loyalty token called USDN (pegged 1:1 to U.S. dollar) and utility token called NXE.
With USDN, a user can earn tokens to purchase goods and services; earn electricity discounts and shopping vouchers; and stake for rewards including NXE and Bitcoin. NXEs are also used to power blockchain nodes and create network consensus on transactions.
In the energy sector, the use of blockchain can enhance security by immutably recording data; facilitate global third-party liquidity; and decrease costs due to smart contracts' elimination of middlemen.
The group is planning to form an energy investment fund in Singapore, U.S., Russia, and Middle East.
For more information please visit https://newx.energy
Contact Info:
Name: Christien New
Email: Send Email
Organization: NewX Energy
Website: https://newx.energy/
Source URL: https://marketersmedia.com/newx-energy-to-convert-power-plants-into-smart-city-service-providers/88902957
Source: MarketersMedia
Release ID: 88902957
More News
No dynasty, no celebrity: Cielo Magno to take shot at Senate
MANILA, Philippines — Former Finance Undersecretary Cielo Magno is positioning herself as an alternative to traditional politicians in the next general elections, proposing fiscal reforms to jump-start a slowing economy. Magno, 48, made public last week her intent to run for the Senate in the 2028 polls, embarking on an uphill bid to build name
Marcos orders creation of carbon market
MANILA, Philippines — President Marcos has ordered the creation of a carbon market framework that will allow farmers and businesses, even regular folks from communities, to earn additional income by protecting forests, planting trees, and adopting clean energy. Marcos signed, on Oct. 13, Executive Order No. 127 directing the government to establish a national carbon
/file/attachments/orphans/hannahyeoh20260916_792822.png)
Unlicensed foreign traders: Don't take matters into own hands, Yeoh tells public
'We must make sure the right agencies carry out their responsibilities.'
Inquirer report on PH debt wins CMMA
MANILA, Philippines — The Inquirer’s two-part special report on the country’s growing debt, its historical and legal origins as well as impact on government spending and funding for public services won Best News Coverage in the 48th Catholic Mass Media Awards (CMMA). The report was written by Krixia Subingsubing, Nyah de Leon and Dexter Cabalza,
Erwin Tulfo 'hurt' by 3 senators' vote backing ouster petition
Sen. Erwin Tulfo on Monday said he was hurt by the reported vote of three fellow senators in favor of a petition seeking to unseat him.
Agusan del Sur reels from dengue surge
SAN FRANCISCO, AGUSAN DEL SUR, Philippines — The province, which was placed under a dengue outbreak two weeks ago, has recorded 16 deaths and 2,572 cases since the start of the year, prompting public schools to implement emergency mosquito-control measures as children and adolescents account for a significant share of infections. The provincial government declared
/file/attachments/orphans/SyahirSulaimansddd_746010.png)
PAS begins exploring cooperation with Umno in SG4 states - Syahir
However, it's still in early stages and no formal talks have been held yet.
Marawi’s Catholics still endure war scars
MARAWI CITY, BARMM, Philippines — Nine years after the liberation of Marawi from the clutches of Islamic State-aligned militants, the minority Catholic community remains flourishing despite the destruction of their cathedral and Sunday Mass becoming less accessible. Catholic devotees continue to worship wherever they can, holding on to the memories of the destroyed St. Mary’s
![[Rear View] Rose Nono Lin’s Lexus and Duterte-era impunity](https://www.rappler.com/tachyon/2026/01/lin-weixiong-jan-21-2026.jpg?resize=75%2C75&crop=373px%2C0px%2C1080px%2C1080px)
[Rear View] Rose Nono Lin’s Lexus and Duterte-era impunity
Pharmally was not an aberration. It was the purest expression of a pandemic response grounded on impunity, indifference, and greed.
PMA’s first female cadet commandant to uphold academy standards
BAGUIO CITY, Philippines — Thirty-three years after entering the Philippine Military Academy (PMA) as one of its pioneering female cadets, Army Col. Leah Lorenzo-Santiago returned on Saturday as the academy’s first woman commandant of cadets, with a promotion to brigadier general expected soon. Santiago, a summa cum laude graduate of the PMA “Kalasag-Lahi” Class of
Vietnamese students win gold, silver medals at Al-Fergani International Physics Olympiad
All four Vietnamese students competing at the second Al-Fergani International Physics Olympiad (FIPhO 2026) won medals, comprising one gold, two silvers and one bronze, the Ministry of Education and Training announced.
‘Ti, ano kung Benitez ka?’: Bacolod allies nearly come to blows over city’s debts
A dispute over the city government's debts erupted into a shouting match, with both Bacolod Representative Albee Benitez and a city councilor taking turns in slamming the table as other officials and guests looked on
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.