Our traditional energy sources are mainly non- renewable resources like coal and oil. The burning of these fuels causes a negative impact on our environment as they release a lot of greenhouse gases which can affect the climate of the earth. Moreover the traditional energy sources are fast depleting and it will not be able to replenish them. The world is facing an energy crisis and hence there is a need for other sources of energy which are easily available and that do not harm our environment.
**Green Energy **
Any type of energy produced from sources like wind, solar, geothermal process, hydro projects etc are considered as green energy. They are called as green energy as they are produced from renewable sources and produce very less impact on our environment. So, in order to protect mother nature from pollution and to ensure the supply of energy continuously we should start using green energy for industrial as well as domestic purpose.
It -
WePower
WePower is a blockchian based green energy trading platform. It enables green energy producers to raise capital by issuing tradable 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.
The project is aimed at the idea of allowing renewable energy producers, it is still called green, to attract investment in its operations and expand. All purchases are to be made with tokens this platform. Due to the fact that it is based on blockchain technology that attracts and opens globally that currently exists within the energy investment ecosystem.
WePower acts as an independent energy supplier, allowing the WePower platform to be connected to the energy grid and the local energy exchange market as well as energy end users. WePower receives data about the produced, consumed energy, and energy price from the energy grid and energy exchange markets. Once a renewable energy producer is connected to the WePower platform, their future energy production is tokenized. Energy is tokenized based per kWh unit.
When a renewable energy producer requires capital to finance the initial cost of a renewable energy project, he may sell a portion of the energy to be produced in the future, on the WePower platform. The buyer/investor acquires this energy in a form of internal energy tokens. Each energy token acts as a smart contract indicating: 1) type of energy, 2) when the energy will be produced and delivered; 3) price tag. This smart contract represents a standard power purchase agreement between the renewable energy producer and energy buyer.
WePower Solves the following problems of current Green Energy market:
-Financing problems, capital needed to develop projects
More information visit:
Bitcointalk -https://bitcointalk.org/index.php?topic=2207367.0
Website- https://wepower.network/
Twitter- https://twitter.com/WePowerN
Ethereum Address: 0x8027cb9fD18F935bB06cC98e0dfd48D074F87dc2
BTC: 19Apd2goafbofkndwkpmgxqMNpfsfJVaUX