Wepower blockchain

Learn how corporate energy users buy green energy directly from local producers while driving down their energy costs and making a meaningful sustainability impact. Learn how green energy project owners secure green energy buyers cheeper and faster than ever before. Platform technology enables buyers with relatively small loads to participate in direct energy procurement. High legal and financial transaction costs. To re-sell or decrease the quantity of purchased energy, the whole agreement must be renegotiated - adding more time and cost. Single party to be relied on for a long contract duration - presenting potential single point of failure risk.

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WePower is democratizing solar and wind investing by organizing initial coin offerings via blockchain. These tokens offer individuals the right to consume energy from decentralized power sources, like solar farms. The aim is to save money compared to what consumers normally pay utilities for purchasing power and to get more clean energy into circulation.

Blockchain is a hot topic in the energy industry, with a string of startups and utilities now considering how to fuse decentralized computing with decentralized energy. But most projects are still conceptual or at the pilot stage. WePower is one of the first companies to bring a blockchain energy network to commercial fruition. AWS Deloitte Genpact. Events Innovation Festival. Follow us:. Most Innovative Companies WePower WePower is democratizing solar and wind investing by organizing initial coin offerings via blockchain.

Lists Energy. Data headquarters: Vilnius, Lithuania. Stories about WePower. Impact Impact Palm oil is one of the most destructive ingredients you use every day.

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WePower takes its blockchain-powered green energy platform to Australia

Note: Search is limited to the most recent articles. To access earlier articles, click Advanced Search and set an earlier date range. Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Apollo Africa partners with WePower for renewable energy market platform. South African energy company Apollo Africa has announced a partnership with global energy technology company WePower, as well as the development of its Apollo Platform, subject to normal regulatory approvals.

WePower is a blockchain-based green energy financing and trading platform. It helps renewable energy producers to raise capital by issuing their own energy.

Blockchain firm WePower enables corporates to source renewable energy easily

The news has covered bitcoin, ethereum, blockchain, cryptocurrency for several years now. Digital currencies and more broadly blockchain are innovative tools in the digital age. Blockchain has the potential to be a valuable new tool for many sectors, including energy. So, what exactly is blockchain technology? How can one arbitrate between its different uses? How can blockchain accelerate the energy transition? Is it ultimately possible to ensure a sustainable and green future from this emerging technology? It is important to make a clear distinction between cryptocurrencies and blockchain to avoid any confusion. Bitcoin is a cryptocurrency that uses blockchain as its foundation technology. There are now 4, cryptocurrencies 1 that are based on blockchain or DLT technologies.

Blockchain Techologies For the Energy Access Sector

wepower blockchain

WePower is a green energy trading platform powered by blockchain. WePower is a green energy trading platform powered by blockchain technology. Backed by green energy, its token model is designed to meet regulatory requirements, and is linked to the energy donation pool. Users have the option to use energy or immediately trade it in the wholesale market. Furthermore, it enables green energy producers to increase their capital by issuing tradable energy tokens.

Did you know Apple co-founder Steve Wozniak aka Woz has a cryptocurrency named after him? The common denominator underlying these ventures is blockchain, a digital ledger technology used for dozens of intriguing corporate applications intended to address climate change — from tracing ingredients across supply chains to verifying, purchasing and trading carbon credits.

WePower Launches Blockchain-Powered Green Energy Platform and Token Sale

Technicians inspect bitcoin mining hardware in Canada. Bitcoin is based on a list of digital records known as blockchain, which stores the data of every transaction made through the currency. Every ten minutes or so, a server somewhere finds the right solution: a new block is then added to the blockchain, and the successful miner is issued a financial reward that is paid out in bitcoin. The mining process has three desirable outcomes: it confirms bitcoin transactions, it ensures the security of a totally decentralised system, and it issues new bitcoins. Conventional logic suggests that the more computers there are in a system, the higher its energy use.

Competence Centre on Foresight

WePower is a perfect representation of the startup which uses Blockchain-based technological solution for green energy trading. So we decided to talk to WePower team to learn more about them and bring their innovative ideas to you. WePower is a technology company that fuels renewable energy production by enabling developers to raise capital by selling their energy production upfront in the form of tradable Smart Energy Contracts. At present, some of the agreements necessary to unlock financing for new renewable energy projects — from Power Purchase Agreements PPAs to so-called Firming Contracts — can take decades to be settled. WePower blockchain-based platform , however, enables project developers to become bankable and obtain necessary capital by selling their future energy production directly to an aggregated group of the energy consumers or investors up front. What are your competitors and competitive advantages? People might consider Power Ledger or Sun Contract as our competitors, however, the focus areas and go-to-market approaches of these two projects are rather different from us.

WePower is a blockchain-based green energy financing and trading platform. It helps renewable energy producers to raise capital by issuing their own energy.

WePower In Its Own Words: Six Questions (Blockchain Report Excerpt)

WePower has delivered its blockchain-enabled Elemental technology to Mojo Power to set up the Mojo Marketplace, an online market for renewable-energy retail contracts. From pv magazine Australia. Blockchain-enabled renewables marketplace WePower said this week that it has delivered its Elemental technology for retail power purchase agreements PPAs to Mojo Power. Mojo Power will use Elemental to set up Mojo Marketplace, which will allow small business and corporate customers to purchase locally produced renewable energy in the form of standard retail energy contracts in Australia.

WePower marketplace enables all companies, no matter the size, to buy green energy directly from producers. The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. To validate the Membership to the World Alliance for Efficient Solutions, the Solar Impulse Foundation only verifies that each entity is registered and has signed our principles and values stated in the following World Alliance for Efficient Solutions charter. For those Members who are also solution providers, this information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.

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Businesses too small to take on a PPA may be able to satisfy their desire for solar with a deal in a blockchain-enabled secondary market. Business and industry are seeking direct access to renewable energy by entering into power purchase agreements that in many cases help underwrite the construction of new solar and wind projects. That might sound a tad risky with the congested state of the grid and subsequent delays in connection, but the benefit of a fixed price for energy over a long term can be worth it in the turbulent electricity market. About 4. A different approach has come to market, however, where a PPA can be split into smaller PPAs — thus creating a secondary market — accessed on a platform enabled with blockchain technology. WePower uses blockchain technology to standardise and fractionalise PPAs, so that companies previously not able to purchase power directly from generators are able to enter the market for direct energy procurement.

WePower enables renewable energy producers to raise capital by issuing their own energy to-kens. 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 in-vestors and raise capital by selling energy upfront, at below market rates.

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  1. Mijinn

    I believe you were wrong. Let us try to discuss this. Write to me in PM, speak.

  2. Elvey

    It is good idea.

  3. Voodoojar

    Agree, this is the excellent idea

  4. Taro

    I think this is a serious mistake.