4NEW is a waste to energy conversion company which can be transacted over the blockchain network. The company received a funding of $30 million in a private equity institutional investment round from Mirach Capital.
Founded by Varun DattaShow more [+] , a UK based Indian entrepreneur, the company has two plants in Middlesbrough and Hartlepool in the U.K. The company has released its own coin KWATT, which is backed by One Kilowatt of electricity.