Energy Transition, Digital Transformation and Crypto: The Winning Trio?

Tue 26 Jan 2021 ▪ 23h47 ▪ 11 min de lecture - par Guillaume Lallemant

The energy transition and digital transformation, set against the backdrop of a project involving blockchain technology, are exciting subjects as these combined elements could lead to changes – or even revolutions – in energy production and consumption systems. Today, we are taking a look at them in a series of articles on TheCoinTribune following the announcement of WPO Group’s ICO. This company is a major independent player in the energy sector. What do they stand for? Innovation and renewable energy to drive a new economic model founded on green energy.

Let’s start with the energy transition, a subject that is becoming more and more attractive to investment funds. We will then delve into the digital issues for the sector before finally catching a glimpse of what blockchain technology will offer to those involved in the energy transition.

Warning: This sponsored article is brought to you by WPO. Crypto investments are by nature risky and subject to significant fluctuations. This article does not constitute an incentive for investment. Please read the French financial regulator’s warning at the bottom of this article.

The energy transition, a growing area of interest for international investment funds

In recent years, investor demand for ‘green’ products has increased considerably. This has not passed unnoticed among investment funds, who are now looking to diversify their portfolio by investing in companies related to renewable energy, such as solar or wind power.

Fidelity Investment Fund, which recently published a study indicating that holding bitcoin in your portfolio maximises your return on investment, also has a portfolio dedicated entirely to energy called the “Fidelity Select Environment and Alternative Energy Portfolio”. Fidelity announces an average annual return of 4.4%. Although still far from the interest that we see in the crypto market, it is still interesting. Of course, Fidelity is not the only player on the market. Black Rock, Firsthand and Allianz have all provided investors with funds dedicated to renewable energy. WPO’s main clients are the infrastructure investment funds that have financed the largest green energy production fleets. Among these clients are Aream or Good Yields Capital, who have supported WPO’s plan to bring blockchain into the world of renewable energy from the outset.

So, as you see, the energy transition is a promising and growing sector that has not gone under the radars of these funds. The success of the French company WPO is the perfect example that green energy is a thriving sector. 12 years after its creation in 2008, the company has posted continuous growth, which is reflected today in some exceptional figures:

·        70 employees

·        A presence in 12 European countries

·        More than 600 supervised renewable energy production sites

·        12 million solar panels and 2,000 wind turbines under their management

·        €7 million in sales in 2018

It’s easy to see why investors also want in on the great energy transition adventure! A study by the famous Stanford University goes in this direction, explaining that an investment strategy in 100% renewable energy would be profitable in just seven years. Mark Jacobson, the American researcher behind the study, showed that it would cost a cool $73 trillion to set up smart grids to supply the entire planet with renewable energy. $73 trillion, the figure seems huge. It is even difficult to picture that kind of money… On the other hand, when you take into account the budgetary savings made possible by this transition, you get a better idea of the upsides. The transition would save $11 trillion annually, meaning only seven years to pay back $73 trillion. If investors are prepared to support the energy sector, it will be down to the digital transformation unlocked by players like WPO, who offers a myriad of new possibilities.

Digital transformation and the energy sector

Digital transformation is a broad subject, but it makes sense when applied to the energy sector. Data, the new digital gold, is at the heart of the issue. As an innovative player in the sector, WPO already uses data in its business supervising renewable assets. The data can be of any type: for example, a player like WPO will identify electrical data such as voltages, frequencies, and mechanical data such as temperatures or vibrations.

All this data is captured through the development of IoT (Internet of Things) technologies and is aggregated in a so-called ‘data lake’. Here, the data arrives in very large numbers and can be analysed by experts or automated thanks to advances in artificial intelligence. AI can make sense of the data and allows the WPO team to increase renewable energy production and reduce operating costs. Ultimately, the aim is to reduce the cost of energy for the end consumer and to facilitate the transition to green energy.

All the data collected is also involved in the real-time management of the energy produced, in order to balance production with energy demand and limit energy losses. Another example of the use of this data is predictive maintenance, a well-known part of WPO that manages more than 600 renewable energy sites. Thanks to predictive maintenance technologies, they can now anticipate incidents at wind and solar farms and manoeuvre to avoid the failure and shutdown of energy production equipment. So, the use of data gives a whole new meaning to the expression “prevention is better than cure”.

While the energy systems of the last century have been designed around large production plants that give pride of place to fossil fuels, the arrival of renewable energies, wind farms and solar panels will give rise to a radical change in the way energy is produced and distributed for consumption.

The parallels between the decentralisation of the blockchain and green energy production allow us to catch sight of enormous potential.

In a world where the production of green energy is growing ever more widespread – and especially regarding solar panels and wind turbines – it seems necessary to have a secure and reliable network that allows energy to be bought and sold simply and transparently on the market, peer to peer. Blockchain technology unlocks this possibility by creating a space where transactions are certified and traceable over time. This creates trust between energy producers and consumers. Coupled with smart contract technologies, the energy world of tomorrow will be able to enable players to buy and sell their energy in an automated way on pre-defined terms. In short, we are looking at the transition from a centralised world around a small number of energy producers to a decentralised one with multiple actors intelligently interacting with each other. A new environment where data from these transactions is used to improve the power generation system and ultimately reduce the cost of the bill to consumers.

WPO, a major and deeply innovative player that is moving the industry

In this context, WPO, a technology player in its sector, caused a stir by announcing the launch of its ICO for the GreenToken. If you want to find out more, we have already looked at this ICO in depth in a previous article, I would highly recommend you to check it out!

From a purely technological point of view, we have to give this project some credit where it is due. While some projects play the technology cards of AI or IoT with no real relevance other than to generate some marketing and PR buzz, WPO and its GreenToken token (GTK) offers a real use case within its ecosystem that could well revolutionise the renewable energy sector.

Find out everything you need to know about WPO’s GreenToken (GTK) project in this video

You have until 12th November 2020 to acquire your GreenTokens via the public offer page, in an ICO secured by Equisafe. For WPO, the GreenToken is the real key to accessing the green blockchain energy network of tomorrow.

In conclusion, we would like to underline the huge step forward that WPO’s GreenToken project represents in both the technological and energy worlds. If investment funds have truly understood the potential of renewable energy, then today, with the GreenToken, they should know that everyone can take part in the digital and energy transformation. This project has the merit of offering an intelligent use of data, in a secure and transparent way through blockchain technology, and it aims to bring a strong added value to the energy sector – that of optimising the production and distribution of green energy. The energy transition is necessary for the good of everyone, and the blockchain is clearly an essential part of it. 

The French financial regulator’s (AMF) warning

Investing in an Initial Coin Offering (ICO) as defined in Article L. 552-3 of the Monetary and Financial Code carries risks of partial or total loss of investment. No guarantee is given as to the liquidity of the tokens acquired during the offer, the existence of a secondary market for these tokens, the value of the tokens acquired during the offer nor the counter-value of these tokens in fiat currency.

Tokens are not financial instruments within the definition of Section L. 211-1 of the Monetary and Financial Code and do not confer any rights other than those described in the Information Document.

In addition, the regulatory framework applicable to the offering and tokens, as well as the tax regime for token ownership are not yet defined in some jurisdictions. The visa issued by the AMF relates only to the offer subject to this Information Document. At the end of the closing of the offer, the AMF will not follow up on the issuer and its project. Any post-offer and related communication will not be reviewed by the AMF. The policyholder is invited to consult Part 4 (“Risk Factors”) of this Information Document.

Guillaume Lallemant

Originaire de Belgique, écrire est une passion. Depuis 5 ans maintenant, j'ai compris que la blockchain changerait radicalement nos vies, et je voulais absolument partager mes recherches avec vous !


Les propos et opinions exprimés dans cet article n'engagent que leur auteur, et ne doivent pas être considérés comme des conseils en investissement. Effectuez vos propres recherches avant toute décision d'investissement.

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