Using blockchain for our bright future, for the planet and sustainable use? Yes, that is exactly what WePower plans to do by leveraging the buzzword BlockChain.
WePower is a blockchain-based green energy trading platform that promises to enable green energy producers to raise capital by issuing tradable energy tokens.
The platform is using blockchain to build what they call an ethereum-based virtual power plant. The tokens are issued so that the real value of WPR tokens will grow as WePower expands and more renewable energy producers start using the platform. WePower is making that power tradable and accessible to anyone. And it’s giving people more control.
WePower’s platform lets green energy project developers, such as solar or wind plant builders, raise funds by selling their future energy production upfront in the form of energy tokens. It is an interesting approach since access to capital markets has been a hurdle for green energy organisations.
The uniquely noble perspective of WePower blockchain is that it can impact industries but also the well being of our planet. As WePower connects the consumers directly to the green energy producers, the ease of buying and selling tokens using the global trading of tokenized energy on a blockchain will be practical and effective.
This will enable green energy project developers, such as solar or wind plant builders, raise funds by selling their future energy production upfront in the form of energy tokens. It is an interesting approach since access to capital markets has been a hurdle for green energy organisations.
The token model is essentially growth driven. As platform grows, the value grows. The concept as been discussed with European regulators and token model is designed to meet regulatory requirements. Tokens will be tradable, usable and liquid. One can use energy or immidiately trade and sell on the wholesale markets. For the token holders, WPR token holders gain priority access to new energy token sale auctions on the WePower platform. The more WPR tokens you have, the larger allocation of energy you get. Auction priority allows purchase of energy at the best price. It also increases WPR token trading value because of additional demand from large energy buyers.
The goal of the token sale is to raise funds to build the proposed platform.
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 tokenization ensures 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.
The group has a Global team of energy experts with 10+ years of experience. It has Secured partnerships with global energy developers Nationwide energy tokenization pilot in Estonia. The project is supported by the Government and has 1.24 trillion USD market potential. The roadmap is to make the platform operation wihtin 9 months of the token sale.