The issue of renewable energy
As we know our world is facing a great challenge, the demand for energy is rising while the environmental constraints are getting tighter.
This, on the one hand, puts pressure on ensuring energy security for the country, and on the other hand puts pressure on the economy to mobilize enough investment capital for the energy sector. Not only that, the fossil resources that are mainly used, exploited to power the country are also increasingly exhausted.
Meanwhile, renewable energy sources such as wind, solar, biomass or tide are considered to be plentiful but are still potential.
Although the renewable energy industry has made great strides recently, there are still some issues that need to be addressed in the recent development.First, when compared to conventional fossil-fuel power plants, the initial capital requirements for renewable energy projects are still relatively high
In addition, some start-ups in the renewable energy sector say that businesses are seeking to cooperate and call for investment to co-develop as businesses have feasible investment projects, but it is difficult Access to capital to implement the project.
According to some businesses, to promote enterprises to invest strongly in this field, all around the story of supply and demand, profit - loss. Specifically, when businesses invest, businesses are interested in investing this project is profitable or not?
The potential for renewable energy development is enormous, the market has and investment incentives, but businesses and financial institutions have not found a common voice.
Time to take risks
Investors completely lack information related to renewable energy to assess whether the project is successful or risky. The reality is that when building companies have to "beg" investors for business loans. Since the government's incentive policy on clean energy investment has been born, investors have also made changes in their approach to lending to clean energy investment projects. However, investors are still struggling and confused about what indicators to evaluate projects. How to evaluate?
To meet the needs of investors, financial institutions, banks and businesses must build a common voice with specific mechanisms. For example, financial institutions must carefully examine, evaluate and evaluate projects and identify ways to reduce costs and risks. In addition, projects need to share a roadmap and action plan for banks to understand and banks need to identify risky times to work together in the next 3-4 years.
Global solution
With the EtainPower platform, a renewable energy source and trading ecosystem is empowered by both blockchain and AI technology.
EtainPower aims to address financial issues, ease of investment, and global logistics challenges faced by power systems: The EtainPower platform creates a new channel efficiency for the entire investor. Access to and investment in renewable energy projects. Not only does the platform provide a list of projects that can be searched, but EtainPower will conduct an evaluation on each to ensure the quality standards are met and inform investors on individual strengths and points. weakness of the project. Investors of the project will no longer be limited to making fiat currency of the project's location. Instead, they will receive an energy token that they can convert to the EtainPower Token or use it to buy electricity or other services in the EtainPower ecosystem.
EtainPower will use AI technology to overcome the logistics challenges of the grid. This system optimizes renewable energy and increases the elasticity of the grid. EtainPower's blockchain-based solution will transform the traditional power industry, connect renewable energy manufacturers, investors, consumers and operators of the grid through the new AI energy ecosystem.
For more information on EtainPower, please visit the following link:
Website: https://etainpower.io/
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Whitepaper: https://etainpower.io/resource/EtainPowerWhitePaper.pdf
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