There’s been a lot of chat in the crypto space lately about tokenisation of the energy sector, with Power Ledger leading the way as an early adopter of blockchain technology to revolutionise the way we consume energy.
Since their ICO in Q3 2017, Power Ledger has grown significantly as a number of positive announcements, including recently being named as one of three winners of the Extreme Tech Challenge 2018, have seen demand for the POWR token surge.
Off the back of this success, WePower’s upcoming ICO is drawing a huge amount of hype and interest because, like Power Ledger, WePower plans to use blockchain technology to innovate the way we consume renewable energy.
So what’s the difference between Power Ledger and WePower?
Power Ledger provides a peer-to-peer trading platform for micro-grids, for people to sell their own excess energy from their renewable energy sources on a market place that provides energy buyers with cheaper renewable energy. In addition to underpinning the Power Ledger energy trading platform, the POWR token will also allow people to obtain equity in future renewable energy assets (e.g. solar power plants or wind farms).
WePower is focused on funding new renewable energy assets. The WePower platform will assist in crowdsourcing capital for new renewable energy assets by allowing energy providers to sell their future energy at a discounted price before the asset is actually constructed. The capital raised by doing so will be used to fund the construction of the energy asset. Those who buy this discounted energy can either trade it before/during construction on the WePower platform, or can consume the discounted energy once the asset is complete and providing power.
Both projects are innovating the way we build renewable energy assets and provide cheaper renewable energy that can compete with dirty energy in markets where that dirty energy is currently cheaper.
Both projects are awesome and the crypto community should get behind both.
They are both helping build a better world, one that addresses the real challenges of climate change and energy security.
Check out both projects and get involved.
Power Ledger: https://powerledger.io/
WePower: https://wepower.network/