WePower seems well-connected in parts of Eastern Europe; its whitepaper boasts collaboration with Estonian TSO Elering, and appends a letter of interest from the Lithuanian Ministry of Energy.

But there’s one aspect that I’d challenge. One of the core problems that WePower seeks to address is the ‘lack of capital needed to develop [renewables] projects’. But the market reality is the opposite: the European renewables market is awash with money – there’s a lack of viable projects, not lack of money. In these market dynamics, WePower will have to work hard to persuade vendors to accept standardised contracts, stomach greater project risk, and engage with what might be viewed as a risky crypto startup.

I still think their business model is pretty interesting - but it will require persistence and creativity to make it a reality, for sure. I wish the WePower team all the best.