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.
