ETAINPOWER: THE BLOCKCHAIN-BASED RENEWABLE ENERGY PLATFORM

kingdavid-7 (8)in #ethereum • 6 years ago

This platform provides comprehensive solution to the numerous problems we are faced with in the electrical power sector, it primary goal is to eradicate all cumbersome loads of inconveniences caused by absenteeism of adequate power supply in the industrial sector, educational and religious sector. The overview of this electrical power supply provider “Etainpower” powered by blockchain is to assure that domestic and industrial needs for electric power are met. It intends to enhance the stability of electrical power supply and eliminate the problems we are faced with in the electric power sector. Let scrutinize conventional fossil fuel as a source of power generation, conventional fossil fuel generates cut-rate electricity for humanity; it also causes irreversible pollution and harm to our environments. Recently, the world’s international powers have begun to realize these problems caused by the consumption of conventional fossil fuels, such as global warming and pollution, governments have issued polices to enhance the improvement of renewable energy projects; hence the reason for “Etainpower” as an ultimate solution to the aforementioned problems.

WHAT IS ETAINPOWER?
EtainPower is a blockchain based renewable energy financing platform, powered by Artificial Intelligence through blockchain technology and smart contract, EtainPower is aiming to tokenize the renewable energy revenue. It also offers tremendous supports towards the acquisition of renewable energy productions to complete the project financing. EtainPower will build a decentralized financing ecosystem with an aim to reduce the financing cost while enhancing efficacy for project financing and thereby promote the development of renewable energy financing.

SOME COMMON PROBLEMS IN THE ELECTRIC POWER SECTOR
Even though renewable energy has made rapid development in recent years, it still face some critical issues like, project difficulties for a renewable energy producer, lack of investment channels and risk of return for the investors and current power grid facilities need to upgrade.

WHAT ARE THE SOLUTIONS TO THESE PROBLEMS?
Etainpower power have the ultimate solutions to these problems. The Etainpower leadership teams has decades of experience in renewable energy and power grid design and management inspired by decentralization, transparency, and democracy of blockchain. Etainpower embarked on a mission to solve the financing difficulty of renewable energy projects. Using innovative Artificial Intelligence (AI) and other technologies, Etainpower is working to optimize the connecting systems between renewable energy sources and the power grids. By minimizing the impact of frequency fluctuation and improving the safety and stability of grid operation, Etainpower eliminate the impediments that stand of the way of renewable energy project development. Also, the problems can be solved can be solved through the application of energy token, diversify investment return and power grid intelligence.

PROJECT DEVELOPMENT
Etainpower will launch its pilot project in Antigua and Barbuda as a proof of concept. Antigua and Barbuda is a sovereign country of the Americas, located between the Caribbean Sea and the Atlantic Ocean, and is made up of two major islands and some affiliated Islands. See the map below;

THE DEVELOPMENT OF THIS PROJECT WILL TAKE PLACE IN THREE STAGES.
• First Stage (Through Q1 2019): The first stage is to launch the blockchain based renewable energy financing platform.
• Second Stage (Q2 2019 – Q1 2020): At this stage, Etainpower team will focus on platform optimization to launch a series of application services for PPS holders. During this period, the first batch of renewable energy projects financed on the platform will complete construction and commence generating electricity.
• Third Stage (Q2 2020 & beyond): At this very stage, Etainpower will commence working with power utility companies to upgrade existing power grids. Utilizing Blockchain, Artificial Intelligence and Smart Grid with improved efficacy, transparency and equity between parties.

ETAINPOWER APPLICATION OF ECOSYSTEM
According to the project agenda, Etainpower ecosystem will include services other than renewable energy project financing. The first services available on the Etainpower platform are shown in the figure below.

ETAINPOWER TOKEN ALLOCATION

USE OF FUNDS
Proceeds raised from token sale will be used for the R&D of Etainpower platform and the business development. The funds will be used as follows:
• 45% of the proceeds will be used for the Etainpower platform and ecosystem development.
• 10% proceeds will be used for legal compliance with the energy sector requirements.
• 15% of the proceeds will be used to acquire other energy blockchain technologies and assets.
• 15% of the proceeds will be used for advertisement, branding and business development.
• 15% of the proceeds will be used for daily operating expenses such as office expenses, travel expenses, transportation expenses, conference fees and office staffing costs.

WHAT NEXT AFTER PROJECT COMPLETION?
After the platform is set up, Etainpower plans to finance 244,600MW of renewable energy project in the next six years as shown in the table below.