Platform WePower

Contents:

1. WePower Platform
2. Purpose
3. Problems and solutions
4. Advantages
5. How it works
6. Token
7. Conclusion

WebSitе

Platform WePower

WePower - allows producers of renewable energy sources to attract capital by issuing their own energy tokens. These markers represent the energy that they commit to produce and provide. Energy "tokenization" normalizes, simplifies and opens for us an already existing worldwide investment energy ecosystem. As a result, energy producers can trade "green" energy directly with buyers (consumers and investors) and attract capital by selling energy ahead of market rates. Energy "tokenization" provides an easy implementation and expands access to capital. The blocking solution WePower has already been recognized by Elering, one of the most advanced operators of the power transmission system in Europe.

WePower - will allow buyers to purchase electricity derived from renewable sources directly from producers, without intermediaries, at a price below the market price. The use of crypto currency will help standardize, simplify and make globally open the currently available ecosystem of investments in the power industry. And it will also increase the level of liquidity and expand the area of ​​access to capital.

WePower - for the first time will allow to sell kilowatts of green energy to all comers. Developers of the project, which will be integrated with the Internet of things, see his leadership in the future process of decentralizing the electricity market. Legally, WePower will act as an independent supplier, which will enable the platform to connect to the power grid and make it accessible to end users.

The platform will collect data on all produced, as well as used electricity, and market prices. As soon as any power plant is connected to the WePower platform, all the energy supplied to it in the future will be transferred to the Crypto currency tokens at a certain rate, currently set at 1 WPR = 1 KW / h.

Goal

The WePower team has set itself the goal of solving the problem of access to cash for business development for producers of green energy. WePower will also enable end-users to invest in profitable projects in this area. To implement the project, a fast and transparent platform is developed on the basis of blocking technology and its own crypto currency.

WePower Plan for the near future:

1. Launch of the pilot project in cooperation with the Estonian Elering and the tokenization of 100% of the Estonian electricity market in April 2018.
2. Entering the Australian market with the support of SBC.
3. August 2018 - connection of the first Spanish customers to the WePower platform.
4. September 2018 - comprehensive platform testing.
5. November 2018 - a full-fledged launch of the project in Spain.
6. Further implementation of WePower in the countries of the European Union and not only.

Problems and solutions

The modern market for providing electricity to the population is a corrupt structure, which, besides overstating prices, causes significant harm to the environment.

WePower - transforms the way of accounting for environmental energy. The platform does this with a technologically more efficient, transparent and reliable solution, using public blocking and smart contracts. The current market for environmental energy certificates lacks integration, trust, transparency and efficiency. In addition, it does not stimulate further investments in new capacities for the production of environmental energy.

At present, environmental energy certificates act as guarantees of the origin of electrical products and are taken into account in each country by various competent organizations. In the European Union, this is usually done by operators of backbone networks (OMS). In principle, certificates of ecological energy are derived energy products and can be purchased separately and / or together with physically consumed energy.

Environmental certificates are usually issued monthly if the following conditions are met:

1. The energy producer is actually operating in the renewable energy market;
2. The certificate claims all received subsidies (otherwise the certificate can not be negotiable, as it can be seen that support is provided through subsidies);
3. The issuance of the certificate is based on the principle of 1 MWh - 1 certificate.

There are a number of problems associated with the current disposal of certificates of environmental energy:

1. Lack of transparency in subsidizing ecological energy
2. Lack of transparency and declassification of information for consumers
3. Lack of details of accounting for environmental energy
4. Fragmented introduction of certificates of ecological energy
5. Barriers to access of smaller consumers

The WePower platform is an efficient, affordable and harmonious solution, with the potential as the best practice in the industry.

Combining existing technologies, WePower fundamentally transforms the way of accounting for environmental energy and offers the current market for certification of environmental energy an advanced, reasonable and reliable solution. With WePower, household and industrial energy consumers can:

1. Acquire green energy and have an automated and verifiable proof of the amount of green energy purchased, with the help of information stored in the detachment.
2. Acquire environmental energy more efficiently, that is, to buy energy and a method that guarantees its environmental origin as one product rather than buying energy and environmental certificates separately, as now.
3. Make sure that the purchase of clean energy actually promotes the development of environmentally friendly energy products, effectively buying future environmental energy in contrast to the present, when there is no legal obligation or a technical way to ensure that the proceeds from the certificates of ecological energy will be spent on further promotion of environmental energy.
4. Make sure that the production of clean energy in the field is supported, since it is possible to trace the exact geographic origin of each MW / h of environmental energy produced.
5. Obtain all information on whether certificates of what type of combination of ecological energy

Advantage

WePower - the platform enables producers of clean energy to sell it directly to consumers or investors. Trade will be conducted by tokens, which will perform the function of energy futures. Thus, the supplier can sell the right to the energy not yet produced and, through this, attract investment, and the buyer receives a guarantee for the supply of energy in the future at a price below the market.

How does it work

WePower - decided to include a community of contributors in a remuneration mechanism in which WPR holders will be able to receive environmental energy and benefits for the entire community.

WPR Tokens will mean the right to purchase environmental energy that will be transferred directly to the holders of tokens by energy producers from renewable sources through the WePower platform. Energy will be transferred in the form of energy tokens and stored in a smart contract. WPR will give access to the environmental energy that the owner of the token will be able to use or sell. This will provide liquidity for depositors, especially if depositors from places where WePower is not connected to the energy infrastructure, so they can not physically receive the gift energy.

Token

Each WePower WPR crypto currency token is 1 KWh / h of clean electricity, which will be generated at some point in the future. Each green power plant running on the WePower platform will have the opportunity to organize an auction for electricity sales. Holders of WPR crypto currency will get the priority right to access these auctions within 2 days. At the end of this period, energy will be available for purchase by any platform participants.

Using the WePower platform and WPR crypto currency, renewable energy producers will be able to pre-contract electricity sales contracts and thus attract the necessary financial resources for development. And investors will get more favorable conditions for investing money.

Owners of WPR crypto currency will have the following opportunities:

Use the generated electricity for their own needs, in case it was purchased in the local market. To sell the amount of electricity that has not yet been produced to another user of the WePower trading platform. Sell ​​electricity generated for crypto currency or fiat in an open market at a market price. Receive a portion of the total amount of green energy generated by all participants in the WePower platform. Each power plant is obligated to transfer 0.9% of WPR tokens that are environmentally friendly to owners.

Conclusion

The development of "green" energy sources is irreversible. Every day people think more and more about the ecological situation of our planet. This project will allow developing a renewable kind of power plants to decent size, which in priority can afford to squeeze a dirty and non-profitable type of electric power. The support of the UN and the Ministry of Energy of the Republic of Lithuania shows the intentions of some states regarding the development of clean electricity. Join the green revolution along with WePower! That's all. Sincerely.

More information can be found here:
1. WebSite
2. Whitepaper
3. Medium
4. Telegram