Etain Power: An energy ecosystem disrupting the traditional energy industry through the use of Blockchain
Ever since the rise of industrial evolution where a lot of projects and applications are demanding so much energy needed to power up, the world is slowly facing electricity distribution shortages worldwide which have impacted a lot of businesses and residential areas as well. Rotational blackouts and high cost electricity bills are just few of the manifestations of such global problem.
Because of great minds, many are trying to address the problem above through the utilization of renewable energy as a source for energy distribution to end users. While this era have started the big leap of such energy industry where mas adaption are going rampant, this has greatly impacted businesses investing on such in the form of funding, investment channels and logistical challenges which made it difficult for renewable energy providers to try and attend to such problem using their technological solutions.
Etain Power has the mindset to become the most trusted energy platform of many renewable energy projects to launch their solutions effectively without having to worry on where to get some funding, where to showcase their edge among other competitors for many investors to see and address the issue of energy generation and distribution in power grids given the unique nature of using renewable energy sources. The goal is decentralize the operation of the energy industry.
The team behind Etain Power is a group of engineers working closely in the renewable energy sector, power grid design and management industry, Blockchain and Artificial Intelligence technology hoping to provide the world a renewable energy financing and trading platform through the power of using Blockchain technologies.
Etain Power will provide an ecosystem for many renewable projects to support their financing endeavors, to bring them closer to many investors while showcasing each project’s details in full, provide AI-based solutions in the power grid to address load distribution and generation as well as tokening renewable energy assets for it become tradable within its ecosystem, further bringing more value on it.
Etain Power aims to remove the centralized architecture of the current energy industry as well as the environment effects the traditional has brought forth. Through the burning of fossil fuels, the world is slowly facing the consequences of our own acts and the scarcity of such energy sources has also brought forth irreversible damage in the environment and difficulties in the energy supply and demand chain.
The rise of the renewable energy era came in as a breakthrough and because of immediate actions, we are slowly healing environmental damages incurred and energy supply issues are also slowly being addressed. However, starting up a renewable energy project does not only require time and effort but a huge amount of capital as well. And because renewable energy projects are going rampant these days, receiving funds have become totally difficult.
As for investors, because of the huge pool of renewable energy projects, not a single platform have become a trusted avenue for them to look for the best and rewarding project there is. A channel is needed for investors to become complacent on how and where their investments are going.
Another issue circulating around the traditional energy industry is in the context of ROI. Currently, investors are limited in utilizing electricity generated by the project and the limitation of fiat currency of where the project is geographically located making it difficult for many investors to see real ROI.
Lastly, because of the nature of renewable energy sources which are totally weather-dependent, a huge challenges lies on the power grid control. Issues about generation come in and issues about distribution are always around the corner. But with the use of smart algorithms and AI technologies, all these will be addressed accordingly.
All problems presented above will be addressed by Etain Power’s ecosystem.
Etain Power Solutions
Through the platform, renewable energy project owners get connected to a number of investors. Fund-raising will no longer be an issue for they gain easy access to a pool of investors. Capital will be raised by selling a portion of the revenue made from the power generated to a price lower than the market price once the project starts sailing.
Energy tokens will be provided to investors by project owners which signify the power to purchase future revenue. Through the use of smart contracts, distribution of revenue will be automatically carried out leaving no chances for human intervention and monopolizing revenues by project owners.
To make the financing process a lot easier, Etain Power will keep things simple for both project owners and investors.
Energy tokens can be exchange to EPR tokens or used by investors to purchases services from Etain Power.
Aside from the purchase of services and buying of electricity from electricity providers, Energy Tokens can also be used in rental and charging of electronic vehicles.
Etain Power ensures that a Power Purchase Agreement (PPA) will first be signed by project owners with the end users or power utility companies before they get listed on the platform. Etain Power will cover a strict deliberation of projects before listing so that investor remain at ease with the value of the energy token or EPR they are holding.
The value of EPR lies not only in utilization. Etain Power has implemented a scheme of investment which heightens the value of EPR for every investor. All projects that have been successfully financed will be donating a portion of their PPS, or the energy tokens, issued to the community of EPR holders. As more and more projects get financed successfully, the more growth in EPR value will be gained by the community.
EPR can also be used to buy PPS and a re-purchase model will also be done by Etain Power.
Through the use of Artificial Intelligence and IoT, Etain Power resolves the issue for balancing energy distribution and generation so that the unpredictable nature of renewable energy sources will be compensated and will not harm the power grid and its end users.
In general, the image below presents the tokenization process of energy assets within the Etain Power ecosystem
Etain Power Token Sale Details
Token: EPR
Price: 1 ETH = 65,000 EPR
Platform: Ethereum
Country: Malta
To get the latest updates on this ICO, visit their official social media pages and view their website and whitepaper.
Website: https://etainpower.io/
Whitepaper: https://etainpower.io/resource/EtainPowerWhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4314921
Twitter: https://twitter.com/EtainPower_io
Facebook: https://www.facebook.com/EtainPower-216720922246640/
Telegram: https://t.me/etainpower_en
Instagram: https://www.instagram.com/Etainpower/
Reddit: https://www.reddit.com/user/Etainpower888
LinkedIn: https://www.linkedin.com/company/etain-power-inc./
Author: Hypervira
Author Link: https://bitcointalk.org/index.php?action=profile;u=1419911