Fossil fuels gave people one of their greatest need which is energy but the use of fossil fuels created serious problems for the environment. To lessen the use or at most avoid the use of fossil fuels, a new source of energy was developed which is the renewable energy. The development of renewable energy showed promising data especially the increased growth rate of projects and the decreasing cost of the construction.

Although renewable energy projects show promising future, it still has problems to face for its development. These problems are what EtainPower aims to solve but what are these problems that renewable energy projects are trying to tackle? The first problem is its financial difficulties. It is true that the cost of the renewable energy development is decreasing in cost and its Levelized cost is closing with fossil fuel projects but the construction cost of the renewable energy project is still high. The Levelized cost might be attractive but as long as the renewable energy project cannot push through it's of no use. The producers of renewable energy are usually financed through government subsidy and debt but these two sources are not enough. The government subsidy is decreasing as the development cost of the renewable energy project decreases, on the other hand, financial institutions take too long in approval, have control on the process, and requires assets that producers cannot provide or don't have enough of.

The second problem is related to the first one. You can see that the financial need is high and there's this need for financial investments which is not enough from its current sources so the answer lies in finding investors but where are the investors? Truth be told, investors are everywhere especially the ones who believe in the good that comes from the use of renewable energy but due to the lack of project financing information, comprehensive understanding, background on renewable energy it's not easy for investors to just invest. Unlike fossil fuel projects in which the review of these types of projects are already well-known and understood, the renewable energy project evaluation is still under development. Aside from the information aspect, some investors are also hesitant because the project's fiat currency may be different from theirs and any change in the exchange rate will either be good or bad which is an added risk in investment.

The third problem is the stability of the power grid. Renewable energy is not as stable as fossil fuels because it is dependent on the weather meaning the power generated may behave in an unstable way. It is a fact that power grid utilities that manage the power grid exist but how efficient they can manage these changes is hard to tell. There's an added effort expected on power grid operators decreasing the appeal of renewable energy projects.

EtainPower aims to solve these problems through its blockchain-based platform. A platform for producers, investors, consumers, and anyone who is indirectly or directly affected by the development of renewable energy, to connect and be well-informed on what's going on the renewable energy projects to give them the opportunities to help this new energy source and to be able to comprehend each project and invest safely and securely.

EtainPower will be releasing two tokens, PowerPoints (PPS) and EtainPower Token (EPR). These tokens are a significant part of the EtainPower platform in solving the problems stated above. PPS is the token issued to investors in exchange for its investments. PPS value is going to be equal to the valued agreed upon on the PPA but is going to be issued to investors lower than that value. So once investors have decided to invest, PPS are going to be issued to them for purchasing the future power revenue of the project. Once the renewable energy project is successful and is running, through smart contract, the PPS owned by the investor will automatically gain its value. Investors will then have a choice whether to use these PPS for utility payments, exchange it with EPR, or buy from EtainPower's service provider. The platform and tokens may have solved the first and second problem but what about the third one which is the stability of power grid?

EtainPower is working on building a smart power grid equipped with new technologies like blockchain, artificial intelligence, and more, to upgrade the capabilities of the facilities in a power grid. This way, changes due to a change in weather or other factors can be readily responded to by the system. EtainPower is trying to optimize the financial aspect of the renewable energy projects as well as the managing of the potential issues once the operation starts.

The following are the EtainPower token sale details:

Token: EPR
Price: 1 ETH = 65,000 EPR
Platform: Ethereum
Hard cap: $20M
Soft cap: $3M
Total EPR Supply: 10B
Main token sale date: Early July of 2018

Get the latest details and in-depth information of this ICO and platform through their whitepaper, website and official social media pages here:

Whitepaper: https://etainpower.io/resource/EtainPowerWhitePaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4314921

Website: https://etainpower.io/

Telegram: https://t.me/etainpower_en

Twitter: https://twitter.com/EtainPower_io

Facebook: https://www.facebook.com/EtainPower-216720922246640/

Instagram: https://www.instagram.com/Etainpower/

Written by: Banelocke

Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=2052416