WePower is a blockchain-based green energy financing and trading platform. It helps renewable energy producers to raise capital by issuing their own energy tokens. WePower connects energy buyers (end users and investors) directly with the green energy producers and creates an opportunity to purchase energy upfront at below market rates. WePower has developed Ethereum Smart Energy contract tokens to standardize, simplify and globally open currently existing energy investment ecosystem. Energy tokenization ensures liquidity and extends access to capital. WePower wants to help build an infrastructure to bridge renewable energy producers output and traditional energy grid operators thus helping the world transition to a 100% renewable energy future.
WePower concept is born
1000 MW project pipeline secured
Secured client with 1000 MW solar project
Deal for grid integration tests signed
Token public pre-sale
$3M raised in an open pre-sale
Pilot testing with Elering
Accepted to StartupBootcamp
Public Token Sale
WePower platform launch
Country-wide energy tokenization test in Estonia
Connection to the energy infrastructure
Launch in Spain
WePower operational in Spain
Launch in Portugal and Germany
Distribution of donated energy to token holders
Balancing and frequency regulation
Virtual power plant structure
Attention. There is a risk that unverified members are not actually members of the team
$61 904 932
$40 000 000
Opportunities:The team is able to secure a number of solid companies agreeing to work with WePower, which helps creating supply when the platform is launched and demonstrates the team’s capabilities.This project demonstrates what blockchain can do and shows an innovative way to tokenize assets – in this case, energy. From the tokenization of energy, energy construction projects can save on fundraising costs and are able to improve the return on equity, thus they can provide more affordable energy.
Concerns:The energy sector is highly regulated and the landscape is different in each country. It may be difficult for different companies/governments to get on board with the idea of sharing one platform.Even if the project successfully hits its own growth project (which is usually on the optimistic and aggressive side), the risk-adjusted return is not high. If we apply a 25% discount rate for the energy received as stated in page 11 of the white paper and assuming ether price is $1,000, the total return on the 10 ETH investment over a 6-year period is 67%, or a compound annual growth rate of 9%. This is considered low for a cryptocurrency investment.
Conclusion:Overall, we like the short-term potential but are neutral about its long-term potential for this ICO. Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Good. The team, idea, bonus structure, and market awareness are all above average. We believe it should do well as long as the current correction is not protracted.For long-term holding:Neutral. Even using the company’s own growth project, the return of tokens from the 0.9% donation is unattractive. We like the idea of the project, but unless WePower's clients tokenize a much higher portion of their energy than projected, we don’t think holding WPR tokens for the 0.9% donation is worth it.
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