Details

Last Funding Type

Initial Coin Offering

Industries

Blockchain,CleanTech,Energy,Environmental Consulting,GreenTech,Information Technology,Renewable Energy,Trading Platform

Founded date

Jan 1, 2016

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

WePower UAB

Also Known As

WePower Network

WePower is a green energy trading platform that enables finance green energy projects to invest into and trade green energy. The platform connects Individual business energy buyers directly with energy producers enabling them to purchase energy upfront at below-market rates. It eliminates the complexity from entering into a power purchase agreement (PPA), gives a right to choose whatever renewable energy volume to contract, increases renewable energy project’s exposure, and provides liquidity to trade power purchase agreements.

WePower helps renewable energy producers to raise capital by issuing their own energy tokens. The company has developed the Ethereum Smart Energy contract tokens to standardize, simplify, and globally open currently existing energy investment ecosystem. It deploys smart contracts and enables its participants to invest and finance green energy projects as well as acquire green energy in an efficient, secure, and transparent way.

WePower was founded in 2016 and is headquartered in Vilnius, Lithuania.