Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Alexis29 on October 27, 2018, 02:26:44 AM
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EtainPower, a blockchain-based solution that will reform the traditional centralized power sector, a platform that will connect renewable energy producers, investors, consumers and power grid operators through a novel AI ecosystem, it is a platform that will address most of the challenges facing the setting up of renewable energy projects today.
Because of the problems associated with power generation from fossil fuels, one of which is pollution, the renewable energy industry has made great progress in recent years. However, there are still problems that need to be addressed during the development stage, some of which are the issue of high capital demand for setting up the project and the issue of funding. Most renewable energy producers want to decrease the initial equity investment and seek project financing to reduce initial deficits.
There has been a gradual decrease of government subsidy for renewable energy projects and as such investors have been filling in the gaps to finance projects.
The number of investors is, of course limited, as such there has been a fierce competition among the renewable energy producers for the investment. This has led to more difficulty in obtaining financing. Although some traditional financing avenues such as banks and other lenders may be available, they are more conservative when it comes to financing newer technologies they know nothing about the standards and requirements. As a result, renewable power project is more difficult to fund than conventional fossil power generation project.
Also, there is high initial financing requirements at the beginning of every renewable energy project and the investors that have the required capital and are willing to invest may not find the right investment channel to meet their demand. Again, if they invest in renewable energy project, their return on investment may be limited to either using the electricity generated by the project or the fiat currency of the project’s location. These limitations create concern about whether investors can obtain the expected return on investing in renewable power project or not.
So, despite high interest of people in renewable energy projects, the limitations of geography and fiat currency still remain a major concern for the investors.
EtainPower is coming up with a platform that will solve these problems by providing an avenue that will make it possible for investors to easily invest in renewable power project, a platform that will address the logistical challenges facing the global electric power system. Their platform will create a new channel for any investor to access and invest in renewable energy projects. The platform will also provide searchable listing of each projects to invest in, they will ensure quality standards are met and investors will be able to know the weaknesses and strengths of each project.
The platform will address one of the problems mentioned above, that is, receiving the fiat currency of the project’s location as return on investment. The investors will instead earn tokens that they can convert to EtainPower token that they can use to purchase electricity or other services on the EtainPower platform.
The use of AI will help overcome the logistical problems for the power grid, optimize renewable energy and enhance the elasticity of the power grid.
To learn more about their project, it may interest you to visit their website (https://etainpower.io/) and download their whitepaper.