Energy & PowerJul 17, 2026

WePower UAB

Company Profile Analysis

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Year Founded & Workforce

2016-12-31

21 Employees

Industry

Energy & Power

Services

WePower UAB Overview

Company Headquarters: Vilnius, Republic of Lithuania

Founded: 2017

Workforce: 21

Company Working: WePower is a blockchain based energy trading and financing firm with specific focus in

renewable energy. Renewable energy producers such as solar and wind power operators can raise operating capital

by issuing their own energy tokens using WePower. This is different from other blockchain based operators since

power producers with WePower will have their own tokens rather than a standard token issued by other blockchain

providers. The main advantage of using this WePower technology is that renewable energy produced by individual

producers can be traded directly with buyers by selling energy upfront at below-market rates. WePower is currently

in the process of launching a pilot project in Elering, an Estonian transmission and distribution operator for its

blockchain technology implementation. The primary goal of this project is to demonstrate the capacity of Ethereum

blockchain technology in recording of country-level energy production and consumption data. The company believes

that this will enable blockchain based power markets to venture into reality.

Company Snapshot

Employees

2016-12-31

Founded

Vilnius, Republic of Lithuania

Headquarters

Key Developments

Date	Approach	Development
February 2018	Partnership & Collaboration	WePower UAB had been chosen as a most innovative company in Energy for 2018. The company has been strongly focusing on agreements with utility companies such as Elering AS in Estonia, and Conquista solar, Civitas project and Novacorex in Spain and Italy. WePower enables renewable energy power developers to sell energy production upfront through energy tokens
February 2018	Product launch	WePower UAB has raised USD 40 million in initial coin offering which is the largest of its kind in the energy sector. The company has raised USD 30 million in presales which comprised of USD 11 million from public presales.

Product Offering

WePower UAB
- WePower Breeze
- WePower Strom
- WePower Hurricane

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About the Author

Wantstats Research Team

Wantstats' research desk profiles WePower UAB as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

WePower UAB

Company Headquarters: Vilnius, Republic of Lithuania Founded: 2017 Workforce: 21 Company Working: WePower is a blockchain based energy trading and financing firm with specific focus in renewable energy. Renewable energy producers such as solar and wind power operators can raise operating capital by issuing their own energy tokens using WePower. This is different from other blockchain based operators since power producers with WePower will have their own tokens rather than a standard token issued by other blockchain providers. The main advantage of using this WePower technology is that renewable energy produced by individual producers can be traded directly with buyers by selling energy upfront at below-market rates. WePower is currently in the process of launching a pilot project in Elering, an Estonian transmission and distribution operator for its blockchain technology implementation. The primary goal of this project is to demonstrate the capacity of Ethereum blockchain technology in recording of country-level energy production and consumption data. The company believes that this will enable blockchain based power markets to venture into reality.

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