[ANN][PreICO] ⚡XiWATT⚡: A Platform to Co-own & Trade Renewable Energy Assets

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What Is XiWATT ?

XiWATT is a platform that enables individuals and communities to crowdfund, co-own, and trade renewable energy assets. It’s an online ecosystem that connects developers, investors, and customers seamlessly to each other with distinct benefits to each stakeholder. XiWATT makes renewable energy accessible to anyone, regardless of location or living circumstances.

Core Applications

The platform consists of a number of applications that collectively provide a comprehensive solution. Below are the three primary applications that make up the core of the platform.

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.

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.

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.

XIW Token Model

Developers require XIW tokens to bid on renewable energy projects and can primarily acquire them from customers in exchange for price discounts and other beneficial terms for the customer.

The XIW token model will establish a barter economy between customers and renewable energy project developers, where the tokens will serve as bargaining chips for customers to negotiate better deals with developers.

Founders

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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.

Team

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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.

Advisors

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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 #DevelopmentTeam s, most recently with Uber Eats.