WePower-BASED GREEN ENERGY TRADING PLATFORM. Energy trading platform powered by blockchain technology.

Januari 26, 2018

WePower-BASED GREEN ENERGY TRADING PLATFORM. Energy trading platform powered by blockchain technology.

To optimize the financing cycle and open access to capital, WePower enables energy tokenization. Tokenized energy represents a contracting mechanism between an energy producer andenergy buyer

The founders say WePower will offer electricity contracts at a lower price than on the conventional market. In Spain, WePower’s launch market, they estimate that one megawatt-hour will cost $39-$40 per unit against a standard wholesale price of $47 per unit. That would be a 17% saving and the unit itself would be tradable, meaning you could sell on the token if the price was rising (say, because there was a shortage of renewable power available at any time).

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

WePower Token Model

The WePower platform allows renewable energy producers to tokenize and sell the energy they produce. A renewable energy producer connected 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 from the connection moment).

Each renewable energy plant connected to the WePower platform will organize an auction for the sale of tokenized energy. WePower token holders will have priority access to such auctions and their allocation will depend on the number of WePower tokens they have.

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)