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February 24, 2018, 05:39:12 PM |
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Energy Premier is a blockchain based platform that enables consumers to launch bidding sessions and suppliers to bid for consumers.
The platform then enables trade of electricity in EPC tokens, which makes the trade cheaper, faster and safer (due to smart contracts).
Besides electricity trade, EPC tokens can be used to integrate with smart meters, as well as to auction and sell smart grid producer's electricity.
This makes us different from Power Ledger as Power Ledger is focused on smart grid systems, and even in that aspect, they do not offer the auctioning option via their platform. The auctioning option has proven to be of major benefit to suppliers as well as consumers - which is something we have tested with our lead users already.
On the other hand, WePower enables green producers to gain funds for financing of green energy production projects via their platform, which is a completely different business model form Energy Premier. A general difference from both platforms is the comparable market size. Energy Premier plays in a much larger market - with $10bn of size.
Lastly, we are very glad to see that energy related ICOs are generally very successful and believe this is something we can have in common.
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