We believe that it is easy to make a rapid shift towards 100% renewable energy and we are here to enable all companies to reach their energy sustainability goals
2/3 of global energy is consumed by Commercial and Industrial (C&I) companies.
The transition to fully sustainable energy is not possible without their full participation.
Green energy production has already become a competetive alternative to traditional energy sources
Cost of fuel*
-
Wind $0
MWH -
Solar $0
MWH -
Coal $13
MWH -
Gas $29
MWH
New development**
-
Wind $35
MWH -
Solar $35
MWH -
Coal $94
MWH -
Gas $129
MWH
*Source: estimated using publicly available pricing data and average fuel efficiency statistics
** Source: BNEF, global averages
But so far, only a handful of global companies have been able to leverage the benefits of green energy.
They do it via Power Purchase Agreements (PPAs)
PPAs are direct contracts with energy producers allowing companies to purchase electricity at a pre-agreed terms for a certain period of time.
Traditional PPA model prevents smaller companies from buying green energy directly from producers.
We offer a revolutionary green energy marketplace to purchase green energy directly from producers.
Our marketplace removes many limitations of the traditional PPA process
-
ONLY LARGE VOLUMES
No point of entry for smaller buyers. Usually 1-3 large buyers.
SMALl VOLUMES
Platform technology enables buyers with relatively small loads to participate in auctions.
-
EXPENSIVE AND LENGTHY PROCESS
High legal and financial transaction costs. Average PPA process costs can reach as much as $1M or more per contract and take 1-2 years to settle.
LOW TRANSACTION COSTS
Standardised contracts and project curation significantly reduces transaction costs to buyers.
-
NO LIQUIDITY
To re-sell or decrease the quantity of purchased energy, the whole agreement must be renegotiated - adding more time and cost.
HIGH LIQUIDITY
Buyers can now “sell-down” their contract to 3rd parties via Platform’s secondary market.
-
SINGLE COUNTERPARTY
Single party to be relied on for a long contract duration - presenting potential single point of failure risk.
MULTIPLE COUNTERPARTIES
Multiple smaller parties diversify counterparty risk and reduce its impact.
WePower marketplace connects companies directly with green energy producers, so that all companies, no matter the size, can buy green energy at competitive rates with full transparency.
Supporting all types of energy auctions
A Project auctions all or part of its output to multiple buyers via WePower’s Platform.
Suitable for project owner seeking multiple smaller buyers.
Buy green energy in 3 simple steps
-
On our platform, renewable energy producers host energy auctions where they sell all or part of their future energy production.
-
In an auction, buyers can place bids for the amount of energy production they want to purchase.
-
Each successful bidder secures a PPA, which becomes active once the facility is built and starts production.
A Buyer tenders their load to secure competitive offers from projects
Suitable for Buyers (individual or group) with large energy consumption
Buy green energy in 3 simple steps
-
On our platform, renewable energy producers host energy auctions where they sell all or part of their future energy production.
-
On our platform, renewable energy producers host energy auctions where they sell all or part of their future energy production.
-
Each successful bidder secures a PPA, which becomes active once the facility is built and starts production.
Choose a procurement strategy best suited for your company
All of our energy buying options can meet 100% of your company’s energy needs. We can offer you different contract types to design your optimal “going green” strategy for the long term.
Our platform is retailer agnostic. We work with all types of corporate customers, no matter which retailers you currently use. We also work both with your own internal energy/procurement department and third-party consultants if you rely on them for energy procurement needs.
Virtual PPA
Hedge your energy prices without cancelling your current retailer contracts. Our solution can work in parallel with your company’s retail contract or in combination with it.
see how it worksSleeved PPA
Your PPA agreement is immediately novated to the energy retailer, so you could get both renewable energy and firmed energy from the single energy retailer.
see how it worksStandardised procurement
Buyer aggregation
Your PPA-procured energy is now liquid
Standardisation of renewable energy procurement allows us to reach the goal of democratising access to affordable renewable energy.
-
Contributing to the development of more renewable energy projects
By directly contracting with renewable energy projects, buyers are enabling these projects to secure funding and become operational - thereby increasing the total number of renewable energy projects in operation, and displacing fossil-fuelled generation.
-
Rapid transactions
By bundling multiple buyers of various size, generators are able to transact faster and minimise the transaction risk.
-
Reduction of transaction costs without complexity
Standardised procurement eliminates many unnecessary costs burdening traditional PPA processes.