WePower-THE SMARTEST ENERGY PLATFORM

Januari 26, 2018

Energy trading platform powered by blockchain technology

WePOWER enables renewable energy producers to increase capital by issuing their own energy tokens. This token represents the energy they are committed to producing and delivering. The standardization tokenization energy simplifies and opens up the existing global energy investment ecosystem. As a result, energy producers can trade directly with green energy buyers (consumers and investors) and raise capital by selling energy upfront, below market prices. Energy tokenization ensures liquidity and widespread access to capital. The WePOWER blockchain solution is currently recognized by Elering, one of the most innovative Transmission System Operators in Europe.

The Structure of the Current Energy Market

There is an investment decline of 23% or about 242 billion USD in 2016. and for 2017 investment in energy still decreased by 20.9% in Q1 compared to 2016 of 64.25 billion to 50.84 billion. The market is dominated by banks, PE funds, hedge funds that are kept out of necessity of the energy investment market and not serving the needs of the renewable energy community.

Source Bloomberg New Energy Finance (BENF1)

Based on this, WePower will reduce the problem of capital access to energy renewable producers and direct investment access directly to end consumers. This is done using the fastest and transparent way through blockchain and energy tokenization. By employing technology WePower solves the following energy market insuffi- ciencies:

Global access to capital for green energy projects
Global access to green energy investments and trading (i.e. liquidity)
Speed and transparency

Energy Tokenization Process

To support the implementation of the process, the WePower platform does tokenisasi to allow renewable manufacturers to tokenisasi and sell the energy they produce. A renewable energy producer linked to the platform issues its own energy tokens within the WePower platform, where 1 energy token represents 1 kWh of green energy to be produced in a certain time in the future (usually within 4–6 months of the connection mo- ment). (Read on WHITEPAPER WePower)

Contribution Now in WePower Energy Auction

Each new renewable energy plant offers more economical energy to the users of the Weapon platform through the auction mechanism, which sets the lowest price for energy per 1 kWh (or one energy token). The auction opens to WPR token holders first. WPR token holders will have 48 hours advanced access. After this period is elapsed, the remaining energy is offered to all WePower platform participants.

The lowest price offering is set by the auctioning party. Current and historical energy prices are visible on the platform. This gives the market price reference for energy and acts as a reference ceiling for the maximum energy price. (For investment visit WePower Website)