Topic: [ANN][PreICO] ⚡XiWATT⚡: A Platform to Co-own & Trade Renewable Energy Assets ⚡🌍 - page 7. (Read 2338 times)

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There has been a steady increase in energy-related projects, but they fall into different categories and provide solutions to different needs. You have to understand that the energy space is massive with various components, each one with its own niche markets. This is why you have 1000’s of companies across the world in almost every sector of the energy space. Additionally, the laws and regulations around the energy sector vary in complexity based on location. This is why you don’t have very many companies that are able to span across more than a couple of countries, let alone states. It would take a massive company to dominate even a small portion of the market. XiWATT is fulfilling a completely different need, most projects are trying to tackle the problem of P2P energy trading, while we are creating a platform that allows for the creation and tokenization of renewable energy projects via crowdfunding and enables individuals and communities to co-own and trade these renewable energy assets.

Here is a quick summary of the projects in the space.

Let’s start with Wepower.

Location: Lithuania

Wepower’s model focuses on selling energy in a tokenized form in advance through an auction to raise capital for a project (although so far, I think their focus is on existing projects). The WPR token gives its holders priority access to the auctions and grants them to be the beneficiary of the 0.9% required “donation”(not sure how it’s a donation when it’s required) of energy produced by the renewable energy projects.

To put it simply, you can use Wepower's platform to purchase energy in advance in a tokenized manner. In no way do you own the actual renewable energy asset. I haven’t been able to grasp why the renewable energy projects would use this platform when Europe already has incredible lending programs for renewable energy expansion.  


Powerledger:

Location: Australia

Powerledger is providing enterprise level software to run the business layer of the grid. What I mean by this is that it’s used to buy and sell energy on the grid using the blockchain. They use public and private blockchains to do this depending on the application. Their PWR token grants access to the platform, but they haven't detailed out the use of this token on the private blockchain or how that would work. They have mentioned something about asset germination events, which would be the closest thing to some of what we are doing.


RestartEnergy

Location: Romania

RED (Restart Energy) is developing a similar platform to Powerledger. The primary benefit to using the blockchain would be the ability to deploy P2P trading of energy. My main concern about this is that it sounds great in theory, but we simply don’t have the infrastructure for it. In order for true P2P energy trading, we would need significant battery penetration. (People who have large batteries in their home that can store energy)


XiWATT

Location: USA

XiWATT has developed a platform that focuses on enabling individuals and communities to co-own the renewable energy project itself. The platform allows each renewable energy project to be set up independently of each other with the possibility of self-governance via smart contracts. The renewable energy projects themselves are tokenized alongside the energy they produce. You can think of each renewable energy project as a mini – ICO that mints its own token depending on the size of the project. We’ve developed systems by which you can consume the tokenized energy without having to be connected to the same grid as the renewable energy project (look into cloud net metering in our white paper). This allows the project the flexibility necessary to navigate the intricate local and state level regulations. This is just the tip of the iceberg; I believe the key difference between us and others in the space is that we’re a product of extensive research and are developing a platform that can cater to almost any type of renewable energy space. Our focus is not to have some gimmicky tokenized energy, but to allow people the ownership of their own energy assets. We plan to do this on a commercial and residential scale.

I could write out a much more detailed response if you'd like.

Best regards,

-Hamza

REDEnergy, WePower, Power Ledger... is this trend of such projects? 

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Launch Green

• Launch Green is where renewable energy projects (“Sectors”) get organized and funded by eligible participants, allowing anyone to co-own renewable energy assets.
• Sectors are large-scale renewable energy projects (> 1 MW installed capacity). Sectors are crowdfunded by XiWATT users in a manner that resembles a mini-ICO. The energy produced by each Sector is not directly consumed by the crowdfunding participants, but rather tokenized and credited to them on an ongoing basis as the sector continues to generate power.
• The Sector model can be used in any setting to navigate the intricate local laws and regulations in coordination with utilities, making renewable energy investment possible regardless of location or living circumstances.

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Cloud Net Metering

Cloud Net Metering is an application that will allow any user to pay their electricity bill via energy credits produced by their ownership of off-site renewable energy (i.e. Sectors). This can be done regardless of their utility provider via a 3rd party billing system created by XiWATT.

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WATT Marketplace

• The WATT Marketplace is a secure space for buying and selling existing portions of installed renewable energy assets (i.e. Sector tokens).
• By tokenizing energy assets, individuals can reap the benefits of co-owning a renewable energy asset while also having the ability to liquidate at will. This is facilitated via the WATT Exchange; an open marketplace where users can buy and sell tokenized renewable energy assets.

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Hamza Choudhry Co-Founder, Team Lead Electrical Engineer with a focus on network protocol development such as EtherNet/IP, the most widely used network protocol in the industrial space. His experience includes working with industry leaders such as BlackBerry, Daifuku, and ODVA.

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Tony Zheng, CFA Co-Founder, Strategy Lead CFA charterholder with 6 years financial services industry and management consulting experience advising top 20 global banks on strategy. Specializes in pricing and cost optimization, process design, and strategic planning for firm wide initiatives.

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Yasir Bilal P.Eng, Co-Founder, Energy Lead Electrical Engineer with 10+ years’ experience in delivering Energy and Automation projects in North America. Successfully managed multi-million dollar projects with Kruger Energy, Hydro One, IESO, and DTE. Recognized expert in power performance analysis, end of warranty inspections, transformer testings, and capacity factor analysis.

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Jere Juustila Legal Analyst Specializes in Data Protection Law, Contracts and ICT, IPR and Technology Law, and Environmental and Climate Law. Areas of research include various federal and state rules and regulations related to energy cooperatives LLCs, and NGOs. Analyzes the legal framework required for establishing the XiWatt Platforms.

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Ivan Wang Developer Software Engineer working with Pivotal Software, bringing a diversity of experience in Cloud-Native Applications and solutions.

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Zaid Khan Market Research Over 10 years experience working in Sales and Marketing. Worked with several Fortune 500 brands and start-up businesses alike. Specialized in Experiential Marketing and executing national scale sales and marketing projects.

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Mikhail Panov Public Relations Over 4 years experience in digital PR for P&G, Rogers, Canadian Tire, and Interac. Specializes in market/audience research, content development, SEO, and digital advertising.

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Daniel Araya Strategy Advisor Government consultant with a doctorate from the University of Illinois at Urbana-Champaign and a special interest in technological innovation, public policy, and learning. Sharing Cities Policy Fellow and a regular contributor to various media outlets including Futurism, The Brookings Institution, Singularity Hub. His newest books include: Augmented Intelligence (2018), and Smart Cities as Democratic Ecologies (2015).

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Sulman Choudhry Technology Advisor 10+ years of development experience with Apple, Uber, and Blackberry. Currently an engineering manager at Facebook, with extensive experience leading multifaceted development teams, most recently with Uber Eats.

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