WePower is a blockchain-based green energy trading platform
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ICO start: 01 Feb 2018
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WePower is a blockchain-based green energy trading platform. It enables renewable energy producers to raise capital by issuing their own energy tokens. These tokens represent energy they commit to produce and deliver. 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.
The technology team is led by Kaspar Kaarlep, former CTO of Elektrilevi, he and his team are the ones who built the Estonian Smart Grid infrastructure over the past 10 years. The team that Kaspar assembled for WePower has vast experience in building information systems in the energy space. Given their experience working directly with and for utilities, this team is uniquely placed to be able to intimately understand the challenges presented by today’s changing energy landscape and how specific technologies are impacting it.
WePower is currently launching a pilot project with Elering, Estonian transmission system operator, with the goal of building a proof-of-concept for recording a nation-state scale of consumption and production data on the ethereum blockchain. This will be a first of its kind enabling the global blockchain powered energy market to take its first steps towards reality. WePower is leveraging Estonia’s existing advanced smart grid, particularly the 100% smart meter coverage with hourly reading and a central data hub with a data exchange layer for transparent 3rd party access. These are the ideal technical conditions to test the true scalability for our technology.
By partnering with WePower, utilities can begin exploring the following examples that currently don’t exist:
Enabling new consumer experiences through energy data stored on the blockchain.
Exploring the utility as a data broker business model at scale. For example, a GDPR compliant, customer-controlled, data exchange layer that reinforces the relationship between the utility and its customer by giving the better ownership tools for their own data.
Helping integrate renewable energy providers into the smart grid better and helping facilitate the creation of grid level energy clusters.
Nikolaj Martyniuk – CEO, Energy markets
Artūras Asakavicius – Investments
Jon Matonis – Blockchain advisor
Eyal Hertzog – Blockchain advisor
David Cohen – Energy advisor
Heikki Kolk – Energy IoT Expert
Liraz Siri – Security Expert
Nimrod Lehavi – Fintech & security advisor
Steven Meersman – Energy markets advisor
Brad Yasar – Investments
Aaron Bichler – Investments
Saber Aria – Investments
Dr. Tadas Jucikas – Data scientist
Mantas Aleksiejevas – Marketing & sales
Henri Laupmaa – Investments
Darius Rugevičius – Investments
Rene Fischer – Brand strategy
Lukas Kairys – Smart contracts advisor
Aukse Siaudzionyte – Content & social media manager
Asta Kybartaitė – Community & social media manager
Vytautas Alkimavicius – Software engineer
Ignas Bobinas – Software engineer
Jelena Pinajeva – Business analyst
Rasa Jonkute – UX design
Token type: ERC20
ICO Token Price: 1 WPR = 0.74 USD (0.00091 ETH)
Fundraising Goal: 35,000,000 USD
Sold on pre-sale: 3,000,000 USD (25% BONUS)
Total Tokens: 289,000,000
Available for Token Sale: 45%
Whitelist: YES (PERIOD ISN’T SET, JOIN )
Know Your Customer (KYC): YES
Сan’t participate: USA
Bonus for the First: UP TO 9% (IMAGE)
Min/Max Personal Cap: 1 ETH / NO
Token Issue: IMMEDIATELY
January 2017: WePower idea
July 2017: Secured client with 1000 MW solar project
August 2017: WePower MVP
October 2017: Token public pre-sale
January 2018: Pilot testing with Elering
February 2018: Token sale
March 2018: WePower platform launch
May 2018: Connection to the energy infrastructure
July 2018: Platform testing
August 2018: Launch in Spain
September 2018: Distribution of donated energy to token holders
October 2018: Launch in Portugal and Germany
January 2019: Balancing and frequency regulation
March 2019: Virtual power plant structure
2019: Further expansion
Green Energy is the buzzword these days and the industry is booming and will continue to grow. Our rating for WePower ICO is 8.0 out of 10.
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