Business Category: Platform, Infrastructure, Energy
Launch Date: 2017-09-20 – End Date: 2017-10-20
|WePower Market Cap|
It enables to finance green energy projects, to invest into and trade green energy.
WePower solves the current problems of access to capital for the renewable energy developers and provides access to investments in proftable projects directly for the fnal consumers, any type of investors and energy market makers. This is done using the fast and transparent way through smart contracts on blockchain. By employing technology WePower solves the following energy market insufciencies:
- Global access to capital for green energy projects
- Global green energy investments
- Trading as well as speed and transparency.
Renewable energy developers can sell upfront part of the energy to be produced in the future. To make it fast, global and transparent, this energy is tokenized and each power purchase agreement becomes a smart contract. This ensures liquidity.
On the other side, fnal consumers, investors and energy market makers can buy future energy with a discount and reduce the cost of the consumed energy or make proft from price diferences between the price paid and the market price at certain point in time when the energy is produced.
WePower is connected to the energy infrastructure and energy exchange markets in order to record data on blockchain, enable energy trading and selling energy directly to the market, if there is not enough demand on the platform.
Once the volumes of renewable energy with the help of WePower will increase, the platform will become the next generation utility, using blockchain, smart contract solutions and bringing full transparency to the energy market. It will be based on the core principles of decarbanization, democratization and decentralization.
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