Not so long ago, people have realized how much the world’s overall electricity and power supply is slowly becoming scarce. With this, the electricity rate and fees have also risen. Aside from being scarce, the use of fossil fuels for energy generation has brought forth a lot of disadvantages that our forefathers haven’t thought of before and that we are the one suffering from it now.
The most evident result of using fossil fuels for energy generation is climate change. Hailstorms are now occurring in places where previously it was non-existent, heat indexes are higher than ever before, Glaciers are slowly melting and rain is no longer fun to play with. All these are results of the pollution caused by the burning of fossil fuels.
Also, with the so many existing and soon to be technological advancements where huge power is needed, the need for a higher power generation supply will also increase. That is why a lot of novel minds are slowly investing and making some renewable energy harvesting techniques that could help this global concern.
One of those great minds is the team behind Etain Power.
The Etain Power solution may not hit the renewable energy generation concern directly, but it will be able to bridge the gap between investors and suppliers to be able to root more renewable energy-powered grids all over the world.
Etain Power will be using the digital and Blockchain Technology to be able to generate more renewable energy sources and help lessen the difficulties of rooting one. Having a team that are all experts in the field of Artificial Intelligence, renewable energy generation and power grid architecture and design, Etain Power will bridge the gap of financing renewable energy ideas and projects.
This one big and indirect leap is a hope that will save the world’s power and electricity generation and supply.
The World Problem VS. Etain Power Solution
#1 Financial Difficulties
The biggest factor in the renewable energy capital is that of its construction. Many solution providers tend to apply for loans and seek investments from financial institutions to realize the project. With this current outlet, there is no transparency in each dealing. Thus making every decision unclear to the project maker of whether or not they were declined or was their proposal properly justified by such financial institutions.
Etain Power will bridge this gap by screening and listing renewable energy projects in the platform where investors can easily access and see for possible business opportunity. The difficulty of looking for capital will now be solved by having an equal opportunity to showcase each project without the need of harsh competition just to get some financial investment.
Also, Etain Power being a renewable energy trading platform, future power revenues will be sold to investors in a digital currency and sold at a cheaper market price making the project’s funding towards completion easier, with the help of smart contracts as well. Investors will receive equivalent PowerPoints (PPS) in every purchase of future power revenue. PPS can be exchanged in to EPR, Etain Power’s digital currency, for exchange or for availing products and services.
#2 Renewable Energy Investors’ Doubts
Unlike traditional fossil fuel energy generation projects, the complexity from construction to generation of renewable energy generation projects is higher. This is one disadvantage during the financing stage as this will make the selling process of the project even more difficult. And because of the complexity, many investors tend to lack the greater idea behind it thus making them think twice in investing. One fear of investors is also the guarantee of a ROI.
To help eradicate this problem, Etain Power’s listed renewable energy generation projects’ details will be transparent and accessible to all in the Etain Power Platform. This will allow better judgment for all projects and an easy way to decipher what distinguishes one from the other. Also, it is guaranteed that all listed projects inside the platform are business potentials, through a strict screening process, thus making investors’ judgment even clearer and easier.
#3 Not So Smart Power Grid Facilities
The predictability of renewable energy generation is highly difficult and this in return makes power grid operators’ job even more difficult to balance out the generation and load when there are too many renewable energy projects are connected in one grid. The need for a smarter solution is the key.
Etain Power will be making use of AI technology to create a more optimized grid connection, to create a smarter grid technology that will make renewable energy connection and adaption easier and enhance the power grid elasticity.
The Etain Power Token Model
Before the project starts generation, investors will be issued PPS in exchange to every future power revenues they will be buying. The cost of each PPS is lower than the future market price once the project starts generating revenue. This is Etain Power’s solution in assisting renewable energy project providers harvesting capital investment.
PPS can be exchanged in to EPR. Each EPR stands for the development contribution done in a renewable energy project. EPR is ERC20-based.
There are various ways to earn and spend EPR and PPS. This includes:
#1 Donation Pool
In every renewable energy project that completed financing, they will be pooling 1% of the total PPS they issued back to all EPR holders. The more successfully financed project there is, the higher the value of EPR will become.
See image below, after this section.
#2 Trade and Exchange
Etain Power allows trading of EPR to PPS and vice versa. Users can also buy PPS in fiat currency and other digital currencies but with additional fees.
#3 Buying other Etain Power services
#4 PPS can be used to pay power generation companies for their needed electricity consumption
Etain Power Token Details
Token: EPR
Price: 1 ETH = 65,000 EPR
Platform: Ethereum
Accepting: ETH
Country: Malta
To know more about the technical details and aspects of the project plus their latest updates, visit their official social media pages and website:
BCT Username: AmorFati
Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=4314921
Website: https://etainpower.io/
Whitepaper: https://etainpower.io/resource/EtainPowerWhitePaper.pdf
Telegram: https://t.me/etainpower_en
Facebook: https://www.facebook.com/EtainPower-216720922246640/
Twitter: https://twitter.com/EtainPower_io
BCT User Link: https://bitcointalk.org/index.php?action=profile;u=2077040