WePower enables renewable energy producers to raise capital by issuing their own energy tokens. These tokens represent energy they commit to produce and deliver. Energy tokenization standardizes simplifies and opens globally currently existing energy investment ecosystem. As a result energy producers can trade directly with the green energy buyers (consumers and investors) and raise capital by selling energy upfront, at below market rates. Energy tokenizationensures liquidity and extends access to capital. The WePower blockchain solution is currently recognized by Elering, one of the most innovative Transmission System Operators in Europe.
WePower – a blockchain-based green energy trading platform
WePower was established with the view that we need to change how energy is done. For WePower team being in the market for many years, it became obvious that we are lagging behind renewable energy adoption. This is not because we do not want to live a cleaner life and allow the community to benefit today and improve the world for future generations. It is so because current bottlenecks in the market prohibit us from developing renewable energy sources faster. There are too many intermediary players between the producers and consumers of energy. In the end, all these costs go directly to the consumer side and the final customers pay for all of it.
The impact of green energy investments on electricity grids
Electricity use can vary dramatically on short and medium time frames,depending on the time of the year, people movement, weather patterns and other difficult to predict events. Electricity generation adjusts to changing demand by dispatching additional or fewer sources based on the efficiency and cost. Optimizing energy generation to satisfy energy demand at each moment of time is the classical role of the transmission. system operator (TSO). Supplying that energy to each and every con- sumer is the role of the distribution system operator (DSO). Current electricity grids are designed around centralized large generation units, using steam heated by various fuels to spin large rotating turbines at a stable speed of 50Hz. Green energy investments by their nature, do not centrally connect to the grid at one point but represent distributed electricity generation that has varying, not stable, energy supply profiles.
New decentralized energy utility
Currently, energy is a commodity. On more advanced open markets, where all customers have access to hourly market prices, energy util-
ities are investing into behind-the-meter IoT platforms and solutions to differentiate themselves via offering energy optimization and additional comfort services. WePower platform, having reached Hurricane phase, will have one massive advantage when moving into the energy retail space. Having built up a trusted and transparent marketplace of green energy, we can offer the residential energy customer something unique – an emotional connection to power generation – for we can vi- sualize exactly where the energy mix for the customer was actually produced and who owned it. Having this connection, combined with easy and transparent energy trading and investment opportunities on the platform, will generate a strong incentive for mass market adoption of green energy.
One of the main advantages for a green energy Blockchain such as WePower is that it connects the consumers directly to the green energy producers, bypassing the institutional nonrenewable energy producers. This is convenient for those who wish to go green and choose to support only the green energy producers.
WePower solves market challenges and inefficiencies through a complex platform, which requires a combination of energy, the blockchain, crowdfunding, market trading, independent energy supply knowledge, and experience. WePower combined its team looking at this mix of expertise needed to create the new generation utility company.
The WePower platform
WePower is a blockchain-based green energy trading platform. It connects energy buyers (households and investors or market makers) directly with the green energy producers and createsan opportunity to purchase energy upfront at below market rates. WePower uses energy tokenization to standardize, simplify and open globally the currently existing energy investment ecosystem. WePower development is divided in 3 distinct stages:
1. WePower Breeze
2. WePower Storm
3. WePower Hurricane
– Innovative community interaction across applications
– Provide 3rd party liquidity through exchanges and decentralised exchange protocols
– Enhanced efficiency due to smart contract elimination of intermediaries
– Enhanced security due to immutability of data
– Cheaper maintenance vs centralised database
– History of transactions and prediction of transactions
– Fault tolerance for DApps due to decentralised nature of blockchain
WePower token sale model
WePower has structured the WePower token sale to comply with applicable regulatory requirements. The token sale will be structured as a reward based crowdfunding campaign, where contributors in return for their donations will receive WePower tokens (WPR).
Total token supply will be determined and announced closer to the token sale date to account for the ETH price fluctuations. Token supply will be based on the fundraising targets outlined below. Tokens sold during pre-sale and public sale events will comprise 55% of the total token supply. Total token supply for the sale will amount to 35 million USD ( hard cap). The number of tokens depend on the number of sold tokens.
WePower is a blockchain-based green energy trading network. It deploys smart contracts and enables its participants to invest and finance green energy projects as well as acquire green energy in an efficient, secure and transparent way. Moreover, it provides the first access to live trade in renewable energy globally for everyone. With a possibility to be integrated with IOT for purchase or exchange of energy as a base layer of the digital energy world, WePower will lead decentralized energy transformation.
Core components of WePower growth are customer acquisition on energy production, energy consumption, and market liquidity provider sides. Platform growth comes from creating a greater transparency in the market and delivering the value that is today locked due to market neefficiencies.
- Token WePower
- Supply to be announced
- Platform Ethereum
- Accepting ETH