ICO & Bounty EtainPower

INTRODUCTION:

Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. Renewable energy often provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services.

Based on REN21's 2017 report, renewables contributed 19.3% to humans' global energy consumption and 24.5% to their generation of electricity in 2015 and 2016, respectively. This energy consumption is divided as 8.9% coming from traditional biomass, 4.2% as heat energy (modern biomass, geothermal and solar heat), 3.9% hydro electricity and 2.2% is electricity from wind, solar, geothermal, and biomass. Worldwide investments in renewable technologies amounted to more than US$286 billion in 2015, with countries like China and the United States heavily investing in wind, hydro, solar and biofuels. Globally, there are an estimated 7.7 million jobs associated with the renewable energy industries, with solar photovoltaics being the largest renewable employer. As of 2015 worldwide, more than half of all new electricity capacity installed was renewable.

Renewable energy resources exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency is resulting in significant energy security, climate change mitigation, and economic benefits. The results of a recent review of the literature concluded that as greenhouse gas (GHG) emitters begin to be held liable for damages resulting from GHG emissions resulting in climate change, a high value for liability mitigation would provide powerful incentives for deployment of renewable energy technologies. In international public opinion surveys there is strong support for promoting renewable sources such as solar power and wind power. At the national level, at least 30 nations around the world already have renewable energy contributing more than 20 percent of energy supply. National renewable energy markets are projected to continue to grow strongly in the coming decade and beyond. Some places and at least two countries, Iceland and Norway generate all their electricity using renewable energy already, and many other countries have the set a goal to reach 100% renewable energy in the future. For example, in Denmark the government decided to switch the total energy supply (electricity, mobility and heating/cooling) to 100% renewable energy by 2050.
While many renewable energy projects are large-scale, renewable technologies are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Former United Nations Secretary-General Ban Ki-moon has said that renewable energy has the ability to lift the poorest nations to new levels of prosperity. As most of renewables provide electricity, renewable energy deployment is often applied in conjunction with further electrification, which has several benefits: Electricity can be converted to heat (where necessary generating higher temperatures than fossil fuels), can be converted into mechanical energy with high efficiency and is clean at the point of consumption. In addition to that electrification with renewable energy is much more efficient and therefore leads to a significant reduction in primary energy requirements, because most renewables don't have a steam cycle with high losses (fossil power plants usually have losses of 40 to 65%).

Renewable energy systems are rapidly becoming more efficient and cheaper. Their share of total energy consumption is increasing. Growth in consumption of coal and oil could end by 2020 due to increased uptake of renewables and natural gas.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: EtainPower

WHAT IS EtainPower?

     EtainPower is a blockchain-based energy ecosystem powered by AI.

Etainpower is a platform based on block transactions to finance renewable energy sources. Through the platform, energy producers can contact world investors and get full financing of projects. Inspired by the decentralization, transparency and democratization of the blockhouse, the EtainPower team is implementing the project to solve the problem of financing projects in the field of renewable energy sources.

Future income from electricity generation is sold to investors at a price below the market to attract capital and complete the construction of the project. Investors can get PowerPoints (PPS) issued by renewable energy producers when they buy future electricity revenues. After the project is launched, the revenue from the generation of electricity will be automatically transferred under a smart contract, and the cost of PPS held by investors will be activated.

Investors can exchange PPS for EPR with an equal value through the Etainpower platform, use PPS to pay for electricity or use PPS to purchase other services in the EtainPower ecosystem.

The Etainpower platform simplifies the financing process for renewable energy producers, so they do not need to rely solely on one or more investors to complete project financing.

On Etainpower platform, information on renewable energy financing is accessible and open to all potential investors around the world.

EtainPower is a blockchain based platform that helps renewable energy producer overcome barriers of project financing. EtainPower connects renewable energy producer with investors all around the world to complete transaction in a decentralized, democracy, and transparent way.

ABOUT EtainPower

EtainPower is a team of experts with a background in blockchain technology,we help provide renewable energy projects overcome their financial barriers.P While at the same time improving the operation of the current power grid utilities.and enchanting the equality of electricity transactions.

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 generated 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.

EtainPower puts ample effort on reforming the traditional centralized electric power sector, connecting
renewable energy producers, investors, consumers and power grid operators in the global range to build up a
totally new AI energy ecosystem driven by the blockchain.

Веб-сайт: https://etainpower.io

Технический документ: 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: https://bitcointalk.org/index.php?action=profile;u=1749232

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