ABSTRACT
The energy industry has always been an industry with centralized authorization and operation. While
conventional fossil fuel generates cheap electricity for us, it also causes severe and even irreversible
pollution and damage to the environment. In recent years, the world’s international powers have begun to realize the problems caused by the consumption of conventional fossil fuels, such as global warming and pollution, many governments have issued policies to promote the development of renewable energy projects.
As a result, the renewable energy industry has made great progress and development, and the cost to
construct renewable energy projects is decreasing gradually. Because of this, more renewable energy power projects were built than conventional fossil fuel power projects. In 2016, 60% of the newly-add global power capacity came from renewable energy.
Although renewable energy has made some achievements recently, there are still some problems that need to be solved during development.
First, comparing to conventional fossil fuel power plants, the initial capital demand for renewable energy projects is relatively high. Most renewable energy producers want to decrease the initial equity investment and do project financing to make more profit. With the gradual decrease of government subsidy for renewable energy projects, investors enhance the requirement of project financing. Therefore, renewable energy producers are competing fiercely for the investment, making it difficult to obtain the project financing. Meanwhile, in the model of traditional financing, some financing institutions like banks are conservative, and they don't know the industry technology and standard of renewable energy very well, so comparable to a conventional fossil fuel power generation project, a renewable energy project is more difficult to get financial support. High initial financing requirements at the beginning of projects can become one of the most insurmountable barriers to build renewable energy projects.
On the other hand, investors with the capital have created the demand to make more investments in
renewable energy projects, but they can't find the investment channel. Information asymmetry exists
between the investor and the renewable energy producer. For some middle and small size investors, even if they have the channel to invest in renewable projects, they don’t have the ability to screen and evaluate the project. Then for middle and small size investors, if they invest in renewable energy projects, they can only obtain the return of the investment through using the electricity generat
ed by the project or obtaining the currency of the project location. Because of this limitation, the investors are normally concerned about whether or not they can obtain the expected return on investment in the future. The limitation of geography and fiat currency become the main obstacle to investing in renewable energy projects.
Third, because the electricity generation of renewable energy project is unpredictable and fluctuates from time to time, it is difficult for power grid operator to balance the power generation and load when a large number of renewable energy projects are connected to the grid. Inadequate experience in managing renewable energy grid connections and lack of smart grid technology causes power utility companies a lot of issues to deal with.
EtainPower aims to solve the predicament and challenges of the global electric power system:
- EtainPower is building up a blockchain based renewable energy trading platform. Through blockchain and smart contract technology, EtainPower will tokenize the renewable energy revenue and help renewable energy producer complete project financing. EtainPower will build a decentralized, fair and transparent financing environment, reduce financing cost while improving efficiency for project financing, and therefore promote the development of renewable energy.
- EtainPower will build the effective channel for global investors to access and invest in renewable energy projects, EtainPower will conduct due diligence to ensure project quality and the investor’s benefit. Project investor can either change the energy token to the EtainPower token or electricity or use the energy token to purchase various services within the EtainPower ecosystem.
- Furthermore, EtainPower will make use of AI technology to optimize renewable energy grid connection, create smart grid technology to ease the adoption of renewable energy, and enhance the elasticity of the power grid.
Current Power Grid Facilities Need to Upgrade
Power generation from renewable energy is not completely predictable compared with conventional fossil fuel power generation. The connection of many renewable energy projects to power grid will impact both grid operation stability and electricity quality. Different from conventional fossil fuel power generation, electricity from renewable resources such as wind and solar is mainly decided by the weather, and notcontrolled by human beings. Hence people could not predict the generation of energy very accurately, and thus raise challenges for power grid operator to make an instant response to electricity transmission and distribution. Apart from the unstable power generation, a large amount of renewable electricity connecting to the power grid may also have an impact on frequency stability. When frequency of the connecting power grid is changed, the projects would be off grid and it would not participate in the power grid system service. In the regions and countries with much more distributed renewable energy generation projects, the stable operation of the power grid would be challenged when there are no relevant systems and technologies as well as the range of safe operation to ensure the frequency of the connecting power grid. Along with more and more renewable energy projects, especially the distributed power generation connection power grid. The power grid bears more pressure and the power grid operators need to solve many more problems. Hence,
many power grid operators would limit the grid connection of renewable energy and restrain the
development of renewable energy projects to maintain the stable operation of the power grid and reduce the potential impact of renewable energy grid connection.
On some islands away from the mainland, renewable energy resources are abundant, but most of the islands rely on electricity from fossil fuel, such as diesel, heavy oil and other fossil fuels. It is expensive and causes pollution and damage local fragile ecological ecosystems. Also, these pollutants cause an increase of greenhouse gases such as carbon dioxide that contribute to a negative global climate change. The economy of many islands depends on tourism the industry, so
to destroy and pollute the environment is harmful to the tourism industry and the local economies, which indirectly restrains the development of relatively undeveloped economies in these locations. By far, there is no sustainable stable power source on islands and the power grid facilities are relatively undeveloped. Local power utility company is in a lack of sufficient technical competence to have effective control and manage of the power grid, so the electricity end users on islands are bothered by the unstable power supply.
Along with the development of city construction, more urban complexes emerge in municipal areas, which raises challenges for the operation and management of the power grid facility. The urban complex consists of buildings with multiple functions and there is big difference from one power usage mode to another. Because the power grid operators do not have effective power distribution management technology, they need to connect many power plants into the system and invest vast amounts ofcapital to upgrade the infrastructures to meet the demand for electricity in peak power demand periods. On the other hand, the urban complexes have no smart renewable energy microgrid to effectively manage the power demand charge, power end users must payexpensive power demand charge at peak hours to power utility companies.
EtainPower Solutions
The team of EtainPower has dozens of years of experience in renewable energy and power grid design and management. Inspired by the decentralization, transparency and democracy of blockchain, the EtainPower team is carrying out the project with the aim to solve the financing difficulty of renewable energy projects. We will make use of AI and other technologies to minimize the impact of renewable energy grid connection and improve the safety and stability of grid operation, to push the construction and development of renewable energy projects.
Energy Token
EtainPower is a blockchain based transaction platform for renewable energy financing. Through the
platform energy producers can establish connections with global investors and complete project financing. The future revenue from power generation is sold to the investors at lower than market price to raise capital and finish project construction. Investors can gain PowerPoints (PPS) issued by renewable energy producers when they purchase future power revenue. After project is operational, revenue from power generation will be automatically transferred by the smart contract and the value of the PPS held by investors will be activated. Investors can exchange the PPS for equal value EPR through EtainPower platform, use the PPS for electricity payment, or use PPS to buy other services within EtainPower's ecosystem.
EtainPower platform can simplify the financing process for renewable energy producers, so they do not need to rely on only one or several investors to complete project financing. For most renewable energy projects, investors always set criteria, which increase the complex level and the lead time to go through the process. Besides, renewable energy producers are charged for that. On the EtainPower platform, renewable energy financing information is public and open to all potential investors around the world. Through blockchain smart contract, renewable energy producers and investors can rapidly finish the financing process, saving the fee and inconveniences of to raise capital from conventional financial institutions. Because of this, difficulty in renewable energy project financing can be greatly solved. Hence, more renewable energy producers can overcome the financing barrier and complete the project construction.
Value of EPR TOKEN
Specifically, the use of EPR is as follows:
1. All successful projects completing financing on the EtainPower platform will donate 1% of the PPS they publish, which will be shared by all EPR token holders. As more projects complete financing, the value of EPR will increase.
2. When a renewable energy producer issues PPS, EPR holders can purchase PPS with EPR. Those who buy PPS with fiat or cryptocurrency currency other than EPR must pay additional fees.
3. For projects that successfully complete the financing, EtainPower will charge a platform fee, some of which will be used to repurchase EPR in other markets.
4. In addition to saving money by purchasing PPS, EPR holders can also enjoy other priority services provided by the EtainPower platform.
5. Each EPR holder has the right to select a list of new projects on the platform.
Token info
Token: EPR
Platform: Ethereum (ETH)
Type: ERC20
Price in ICO: 1 ETH = 65,000 EPR
Tokens for sale: 3,500,000,000 (35%)
Supply TOKEN: 10,000,000,000
Etain Power Team
Team;
Steven Dong - Founder & CEO
Antonio Salvatore - Director of Marketing (USA)
Fei Wang - Co-founder & CTO
Ethan Wang - Co-founder & Former CTO
Kewen Chen -
Arial, sans-serif; "> VP of Engineering & AI-Grid
Jeffrey Zhang - Lead Software Engineer
David Tschan - Social Media Manager
Max Guo - Software Engineer
Jasmin Adzic Software Engineer
Derrick Gu - Director of BD & Marketing (Korea & Japan Market)
Lance Ma - Business Development Manager
Santiago Ullal - Social Media Manager
Shuming Chen - Energy Expert
Jijun Ye - Energy Expert
ROADMAP
For information:
Web site: https://etainpower.io
Technical document: https://etainpower.io/resource/EtainPowerWhitePaper.pdf
ANN: https://bitcointalk.org/index.php?topic=3693965
Telegram: https://t.me/etainpower_en
Facebook: https://www.facebook.com/EtainPower-216720922246640
Twitter: https://twitter.com/EtainPower_io
Bitcointalk profile: redtrust
Ethereum Address :0x96b34E3c398b1044430c329032457a3fC064cd46
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