WePower Network WePower Network

WePower Network

WePower is launching blockchain and smart contracts powered green energy exchange platform where everyone can buy, trade or invest in tokenised green energy.
past
Ico
Feb, 2018 — Feb, 2018
Raised 40 000 000 USD
Goal 3 000 000 USD
Hard cap 40 000 000 USD
past
Pre-ico
Sep 20, 2017 — Oct 20, 2017
Goal 3 000 000 USD
Prices
  • From Aug 17, 2017 Till Sep 1, 2017 —
    1 WPR
    =
    1 ETH 1ETH = $837.8446157038
past
Aug 24, 2017 — Sep 1, 2017

About WePower

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.

Features

WePower solves the current problems of access to capital for the
renewable energy developers and provides access to investments in
profitable projects directly for the final consumers, any type of investors
and energy market makers. This is done using the fast and transparent way
through smart contracts on the blockchain. By employing technology
WePower solves the following energy market insufficiencies: global
access to capital for green energy projects and green energy
investments and trading as well as speed and transparency.

Technical Info

Technical details: 
Ethereum ERC20 standard token.
The source code: 
The code is not available.
Proof of developer: 
Public team.

Roadmap

  • WePower concept is born

  • Concept to leverage blockchain for green energy trading and renewable energy projects financing.
  • January 2017

  • WePower idea
  • WePower Idea

  • Idea to leverage blockchain for green energy trading and renewable energy projects financing.
  • Read More
  • 1000 MW project pipeline secured

  • Secured clients with more than 1000 MW capacity solar projects.
  • July 2017

  • Secured client with 1000 MW solar project
  • Secured client with 1000 MW solar project

  • Secured client with 1000 MW solar project
  • MVP launched

  • WePower minimal viable project launched.
  • August 2017

  • WePower MVP
  • WePower MVP

  • Deal for grid integration tests signed

  • Deal for grid integration tests signed. 14 energy engineers join the project.
  • October 2017

  • Token sale
  • Token public pre-sale

  • Successful pre-sale campaign with 3 mln USD secured.
  • $3M raised in an open pre-sale

  • Successful pre-sale campaign with 3 mln USD secured.
  • March 2018

  • WePower platform launch
  • Pilot testing with Elering

  • During the first of this kind test WePower will run nationwide energy tokenisation test with Estonia's TSO Elering
  • January 2018

  • Pilot testing with Elering
  • Accepted to StartupBootcamp

  • WePower is accepted to StartupBootcamp Australia Energy program. This is the first time when the company with blockchain tech is accepted.
  • May 2018

  • Connection to the energy infrastructure
  • Token Sale

  • February 2018

  • Token sale
  • Public Token Sale

  • WePower public token sale will be launched.
  • july 2018

  • Platform testing
  • WePower platform launch

  • March 2018

  • WePower platform launch
  • Country-wide energy tokenization test in Estonia

  • During the first of this kind test WePower will run nationwide energy tokenisation test with Estonia's TSO Elering.
  • August 2018

  • Launch in Spain
  • Connection to the energy infrastructure

  • May 2018

  • Connection to the energy infrastructure
  • Connection to the energy infrastructure

  • WePower connected to the energy grid infrastructure.
  • September 2018

  • Distribution of donated energy to token holders
  • Launch in Spain

  • July 2018

  • Platform testing
  • Platform testing

  • October 2018

  • Launch in Portugal and Germany
  • Distribution of donated energy to token holders

  • August 2018

  • Launch in Spain
  • WePower operational in Spain

  • WePower fully operational in Spain with first clients connected to the system.
  • January 2019

  • Balancing and frequency regulation
  • Launch in Portugal and Germany

  • September 2018

  • Distribution of donated energy to token holders
  • Distribution of donated energy to token holders

  • March 2019

  • Virtual power plant structure
  • October 2018

  • Launch in Portugal and Germany
  • Further expansion

  • 2019

  • Further expansion
  • January 2019

  • Balancing and frequency regulation
  • Balancing and frequency regulation

  • March 2019

  • Virtual power plant structure
  • Virtual power plant structure

  • 2019

  • Further expansion

Activity

Posts:
243
MEDIUM
Followers:
22 413
VERY HIGH
Likes:
20 994
VERY HIGH
Followers:
28 902
VERY HIGH
Tweets:
1 609
VERY HIGH
Members:
43 437
VERY HIGH
Alexa
Rank:
42 288
VERY HIGH
Delta:
-426 608
Year commits:
230
Watchers:
18
Stars:
29
Forks:
9
Open issues:
1

Team

Verified 100%

Smart contract developer
verified
CO-founder, project lead
verified
Co-Founder with a background in regulation and Fin...
verified
Marketing & sales
verified
PR Partner
verified
Content & social media manager
verified
Software engineer
verified
Ignas Bobinas
Software engineer
verified
CTO
verified
Complex system architecture
verified
Security
verified
Digital Marketing
verified

Advisors

Verified 100%

Fintech & security advisor
verified
Energy trade and transactional advisor
verified
AI advisor
verified
Blockchain advisor
verified
Blockchain and token economy advisor
verified
Lukas Kairys
What is your opinion about the project?
I believe that the blockchain has a huge potential to disrupt Energy sector. That's why I joined Wepower team.
Nikolaj Martyniuk
What is your opinion about the project?
It's one of the rear true application of blockchain where it actually solves problems. Fintech+Energy application. All major partnerships are in place to go forward including an agreement for the infrastructure availability on the national level for platform implementation. A Very experienced team in all the domains the platform touches from business development to in-depth understanding how energy systems work and execution experience.

The project brings immediate value to the participants in green energy financing and energy acquisition but at the same time bring value to the grid supporting renewables expansion.

4.44

positive
5.0 5
ICO Profile Vision Activity Potential Product Team

icorating positive
icobazaar 4.2
icobench 4.3

Collected:
0 USD
The amount in USD is calculated at the closing date of the ICO
Goal: Cap: 0 USD ICO: Feb, 2018 Feb, 2018

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