FRED is an altcoin for Alternative Energy. An increasing population and the industrialisation of emerging economies continue to have a huge impact on global energy demands. As the demand increases so does the wholesale price of energy which
ultimately falls to the consumer and is leading to an increase in fuel poverty.
Over the next few decades energy suppliers are forecast to move towards greener alternative energy sources, and while this is great news for the environment it will have little effect on the consumer at cost level. FREDEnergy believes that this cycle can be disrupted by reducing energy demand at the consumer level by use of alternative energy devices which are able to produce energy from renewable or free sources. The FRED project is aimed at bringing the possibilities and greater use of alternative energy devices to the mainstream.