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Knowledge4Policy
Knowledge for policy

Competence Centre on Foresight

We foster a strategic, future-oriented and anticipatory culture in the EU policymaking process.

  • Page | 14 Jul 2020

We Power

Foresight

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.

Main sectors: Energy, Climate & Environment; Social Economy; Tokenization

Main applications: Financial Services/Market Infrastructure;
Supply Chain Management/Trade

Established in: N/A

URL: https://wepower.network/

 

Organisation: WePower UAB

Organisation type: Companies (for-profit) – Startup

Founders: Nikolaj Martyniuk, Co-founder & CEO; Kaspar Kaarlep, Co-Founder & CTO

Partners: Startupbootcamp; Renewable Energy Hub; Energy Australia; Elering; 220 energia; Eleon; Baker McKenzie; Climate Chain Coalition

Country: Lithuania; Estonia; Spain; Australia 

City: Vilnius; Tallinn; Melbourne; Madrid

Stage of project: Pilot

Geographical reach: N/A

DLT / Blockchain: Public – Ethereum

Other technologies: Renewables / Carbon Management

 

Whitepaper: https://wepower.network/media/WhitePaper-WePower_v_2.pdf

Github: https://github.com/WePowerNetwork

Twitter: https://twitter.com/WePowerN

 

This project is part of the #DLT4Good Scanning. ‘#DLT4Good: Co-creating a European Ecosystem of Distributed Ledger Technologies for Social and Public Good’ is a forward-looking science for policy project supported by the European Parliament, and coordinated by the Joint Research Centre (JRC) in cooperation with the Directorate-General for Communications Networks, Content & Technology (DG CONNECT). Learn more about #DLT4Good.