WePower is a blockchain-based green energy trading platform. Through the use of tokenization, WePower aims to "help more companies to access direct green energy procurement".
WePower offers renewable energy producers the ability raise capital by issuing their own energy tokens. These tokens represent the energy they commit to produce and deliver: Power Purchasing Agreements (PPA). Through a set of tokenization standards, it would simplify and develop the existing energy investment ecosystem on a global scale.
Features would include fractional contracting and off-taker aggregation (i.e., possibility to enforce buyer limits), a standardized procurement, secondary trading venues for PPA, lower contracting costs, and an auction-based pricing for PPA.
WPR token is a utility token offering access to an energy donation pool constantly filled with 0.9% of energy sold via the auctions WePower platform. It also provides a priority access to energy auctions. Token holders for a 2-day period for every auction can purchase an energy amount equal or less to the share of all WPR tokens they hold.