Power Ledger Partnerships + Future Updates

We wrote late last year about blockchain based renewable energy fintech Power Ledger partnerships, which has been an astounding success and continues to move along in leaps and bounds despite the extreme volatility of the cryptocurrency market. They’ve landed a partnership with an American NFP called Helpanswers to bring their service to hundreds of sites across the United States of America.

Power Ledger Partnerships – Updates

Power Ledger Partnerships - The Team
Power Ledger Partnerships – The Team (source: https://powerledger.io/)

According to Smart Company, the partnership will stretch all over the USA – from the west (California), the south (Texas), the midwest (Chicago), and also Washington and New England. It’ll cover 50MW of PV solar storage and will be able to offer 50MWh. 

Power Ledger is a blockchain powered peer-to-peer (p2p) marketplace for producers and consumers to buy and sell renewable energy.

“We’re thrilled to partner with Helpanswers to grow our technology and platform footprint in North America and bring Power Ledger a step closer to our goal of democratising power,” Power Ledger managing director David Martin was quoted in a statement released on the Power Ledger website. 

“Power Ledger is focussed on creating the right economic and investment platform for consumer-owned, low-cost, low-carbon energy systems to transform the electricity industry.”

There have been quite a few news articles about Power Ledger since its successful ICO, which will see them pitching their ‘smart project’ to Richard Branson, among others…

If you want to learn more, co-founder David Martin had a video call with BlockchainBrad (BCB) that you might find interesting and is embedded below. A great project which certainly has a lot of potential and shows how the blockchain and renewable energy can work well in tandem! Check out our article on the WePower ICO (which has reached its goal and we’ll write about over the next week) if you’re interested in other fintech solutions for green/renewable energy. 

Power Ledger (POWR) are currently trading at $0.781389 USD according to Coin Market Cap

WePower ICO – Fintech solution for green energy.

Disclaimer: As of the date of publishing nobody at Saving with Solar currently has any investment in WePower but we are planning on joining the ICO.

At Saving with Solar we are extremely interested in the blockchain and how it can help solve issues for those generating solar power. Previously we’ve taken a look at Power Ledger (POWR) and today we’ll look at the upcoming ICO for WePower, which is a “blockchain-based green energy trading platform”. 

WePower ICO

The project allows producers of renewable energy to raise capital by issuing ERC20 energy tokens, which represent energy they commit to produce and deliver. They have support from state power regulators in Lithiuania and electric power companies and will target Europe – Spain, Italy, Germany, Estonia, and others. Numerous solar power plants which produce over 1000MW have joined the project: Conquista Solar, Civitas Project and Novocorex.

Development of the project is divided into three stages:

  1. WePower Breeze – market entrance – “challenging the way how energy investments and purchase are done today by creating the necessary technological layer for the change to happen’. 
  2. WePower Storm – growing the services and usability, and using smart contracts to aggregate and manage flows of renewable energy. 
  3. WePower Hurricane – the final step – a completely new decentralized energy utility.

ICO Start: 1 Feb 2018

ICO End: 15 Feb 2018

Hard cap: $35,000,000

Soft Cap: $5,000,000

Token: WPR, ERC20 standard

ICO Price: 1 ETH = 4000 WPR

Minimum investment: $200

Bonuses: 15% discount for early investors: before reaching the soft cap ($5 million) 4600 WPR will be deposited for 1 ETH.

Accepted currencies: ETH

If you’re interested in investing, click here to read the whitepaper they’re prepared ahead of the ICO. Although we believe in this project we in no way recommend investing in anything like this without doing your due diligence first. One negative, for example, is that there are already a number of projects in the sphere offering fintech solutions for green energy (e.g. Power Ledger). Another is that it hinges entirely on the progress of renewable energy. Obviously we’re bullish on that situation, to say the least, but many countries have a strong oil lobby and prices of oil have decreased recently. And, who knows, maybe a perpetual motion machine is just around the corner. 

Kaspar Kaarlep, the CTO of WePower, has a video below where he discusses their vision for energy transformation in Europe and across the world:

ICORating have assigned a “Positive” rating to the project and recommend it for both short and long term investors – saying the WPR tokens can be “considered both as investments for long-term portfolios, and for the purpose of speculative earnings on the expectations of a successful platform launch and demand for tokens from the initial customers for tokenized energy”. 

WePower ICO Whitepaper Rating
ICOrating.com gives WePower the
highest rate (source: WePower Newsletter)

View an introduction to the system by watching this video!

View a platform demo below:

 

If you have any questions, comments, or insight into this project we’d love to hear about it – please sound off in the comments and we can start a conversation about this exciting new technology.