WePower was established to change how energy is developed and distributed. The WePower team has been in the market for several years during which time it became obvious that we are lagging behind renewable energy adoption. This is not for lack of a desire to live a cleaner life, and improve the world for future generations. It is due to current market bottlenecks, which slows development of renewable energy sources. There are too many intermediary players between renewable energy producers and consumers of energy. Ultimately, these costs go directly to consumers who pay for it all.
Current energy market structure
According to Bloomberg New Energy Finance (BENF)1, the 2016 level of investment into renewable energy had reached 242 Billion USD, representing a 23% decrease over the previous year as seen in the chart on the right. Nevertheless, early 2017 trends show investment in renewable energy has fallen to 20.9% in Q1 compared to 2016, from 64.25 billion to 50.84 billion. The market is dominated by banks, PE funds and hedge funds that dominate the energy investment market. This system does not serve the renewable energy community with proper access to capital. Nor does it serve consumers with proper access to energy.
The WePower platform
WePower is a blockchain-based green energy trading platform. WePower enables renewable energy producers to raise capital by issuing their own energy tokens. 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 investors) and raise capital by selling energy upfront, at below market rates.
Energy tokenization ensures liquidity and extends access to capital. This also provides the first access to live trade in renewable energy globally, for everyone. With the potential to be integrated with IOT for purchase or exchange of energy as a base layer of the digital energy world, WePower will lead global decentralized energy transformation.